Info Edge Ltd’s shares slipped 3% on Thursday, October 8, as traders assessed a Q2 billings rise that still trailed market expectations.
The company disclosed standalone billings of ₹822.3 crore for the quarter ended September 30, 2026, up 12.8% YoY — a figure shy of the ₹850 crore consensus gathered by Bloomberg L.P. and Reuters, according to Info Edge’s Q2 earnings release.
Recruitment solutions, the core of Info Edge, posted billings of ₹613.8 crore, a 12.6% YoY increase. Underlying growth, after normalising for renewal timing, was pegged at 14%‑15% by management, the firm said in its release.
Real‑estate arm 99acres accelerated to a 21.2% YoY rise, reaching ₹148.3 crore, up from 16.5% in the prior quarter. Its web and app time‑share remained steady at 49% and 59% respectively, per SimilarWeb data.
Matchmaking subsidiary Jeevansathi added 18.4% YoY to ₹39.7 crore, while Aisle’s billings surged 40%, boosting combined matchmaking growth to 23.1%. In contrast, Shiksha’s billings fell 27.2% YoY to ₹20.5 crore, a decline attributed to AI‑driven search cannibalising referrals, Info Edge’s release notes.
First‑half FY27 standalone billings rose 13.5% YoY to ₹1,559.3 crore, propelled by 14.9% recruitment, 19.2% 99acres and 16.3% Jeevansathi growth but dragged by 24.5% Shiksha decline. The company will file Q3 results on December 15 and analysts expect the AI‑driven search shift to keep pressuring Shiksha revenue for the near term, Bloomberg analyst Shikha Sharma says.