Info Edge shares gained 4% today following a strong quarterly business update. Standalone billings grew 14.4% year-on-year to ₹737 crore, led by robust growth in the recruitment segment. The company also announced plans to fully acquire the ed-tech platform CodingNinjas.
Info Edge (India) shares rose over 4% on July 8, making it one of the top performers in the Nifty 200 index. This market activity follows the company’s business update for the first quarter of the 2026-27 financial year, which highlighted healthy demand across its major digital platforms.
Standalone Billings Performance
For the quarter ended June 2026, the company reported standalone billings of ₹737 crore. This represents a 14.4% increase compared to the ₹644.20 crore reported in the same quarter last year. Billings represent the total amount invoiced to customers for services provided, serving as a key indicator of incoming business momentum before it is officially recorded as revenue.
Segment Highlights
Growth was primarily driven by the company's Recruitment Solutions vertical, which grew 17.5% year-on-year to reach ₹552.70 crore. This segment remains the core business and the largest contributor to the company's total billings. The real estate portal 99acres also performed well, recording a 16.6% increase in billings, while the matrimonial site Jeevansathi saw growth of 14.1%.
Conversely, the education division, Shiksha, faced challenges during the quarter, with billings declining by 22.8% to ₹34.60 crore. Investors often monitor these segment-wise trends to assess the diversification and relative health of each business unit within the company’s broader portfolio.
Consolidation of CodingNinjas
Beyond the quarterly performance, the company announced on July 6 its strategy to become the sole owner of CodingNinjas. Info Edge currently holds a majority interest and plans to purchase the remaining 45.36% stake from other shareholders. The transaction involves acquiring 74,741 shares at a price of ₹5,340.23 per share, amounting to a total investment of ₹39.91 crore. Once this process is finalized, CodingNinjas will transition into a wholly-owned subsidiary.
This move aims to deepen the company's footprint in the online education space. However, the success of this strategy will depend on the platform's ability to compete in a crowded ed-tech market and its future contribution to the company's overall profitability. The primary monitorables for shareholders moving forward will be the integration timeline of CodingNinjas, the stabilization of growth in the Shiksha division, and whether the recruitment vertical can maintain its current pace of growth in the coming quarters.