Info Edge (India) Ltd posted a 12.8% increase in standalone billings to ₹822.3 crore for the quarter ended September 30, 2026. Growth was powered by strong gains in its recruitment and real estate platforms, though the education portal, Shiksha, saw a 27.2% slump due to AI-driven search competition. The stock traded lower following the update, reflecting investor caution regarding the changing traffic patterns for the education business.
Info Edge (India) Ltd reported a standalone billing figure of ₹822.3 crore for the quarter ending September 30, 2026, marking a 12.8% increase compared to the same period last year. For the first half of the current fiscal year, the company’s total billings reached ₹1,559.3 crore, a 13.5% improvement year-on-year. While the overall numbers show growth, the results highlight a diverging performance across the company’s different digital platforms.
The recruitment business, anchored by Naukri.com, continues to serve as the primary revenue contributor, bringing in ₹613.8 crore during the quarter. The company noted that the reported growth of 12.6% for this segment does not fully capture the underlying momentum. After adjusting for discrepancies in customer renewal timing, management estimated the actual growth to be between 14% and 15%.
Growth was also evident in the real estate and matchmaking verticals. The 99acres platform recorded billings of ₹148.3 crore, representing a 21.2% year-on-year rise. Similarly, the matchmaking business, which includes Jeevansathi and the Aisle platform, saw a 23.1% combined increase in billings to ₹39.7 crore.
However, the education vertical, Shiksha, faced a significant setback, with billings dropping 27.2% to ₹20.5 crore. The company attributed this decline to a structural shift in user behavior caused by the rise of AI-driven search engines. These tools are increasingly providing direct answers to user queries, which reduces the need for users to click through to referral websites like Shiksha.
Info Edge management indicated that they are actively working to restructure the business model of the education platform to reduce its reliance on traditional search engine traffic. Despite this plan, the company cautioned that growth for the education segment may remain under pressure in the near term as they adapt to these changing digital habits.
Following the announcement of these business updates on October 8, 2026, Info Edge shares faced selling pressure and traded lower. Investors are now focused on how the company plans to navigate the shift in traffic patterns and whether the recruitment and real estate segments can maintain their growth trajectory to offset the weakness in the education division.