Stories
Info Edge Shares Drop 3 Percent Despite Growth in Billings and 99acres
- •Shares of Info Edge fell nearly 3 percent on Thursday despite reporting a 12.8 percent year-on-year rise in standalone billings to ₹822.3 crore for the quarter ending September 30, 2026.
- •The recruitment solutions business saw billings increase by 12.6 percent to ₹613.8 crore, supported by growing adoption of artificial intelligence products like AI-Rex and Talent Pulse.
- •Real estate platform 99acres posted an accelerated growth of 21.2 percent in billings to reach ₹148.3 crore.
- •Combined matchmaking billings for Jeevansathi and Aisle grew by 23.1 percent, driven by a 40 percent surge in Aisle billings.
- •Shiksha remained a weak point with billings dropping 27.2 percent due to increased pressure from artificial intelligence-driven search tools reducing referral traffic.
Key Questions Answered
Info Edge (India) Ltd. reported a 12.8% year-on-year rise in standalone billings to ₹822.3 crore for the quarter that ended on September 30, 2026. On an adjusted basis, management estimated underlying standalone billings growth of around 14% YoY.
Real estate platform 99acres reported a 21.2% year-on-year increase in billings to ₹148.3 crore in Q2 FY27, accelerating from 16.5% growth in the previous quarter. Meanwhile, matchmaking billings for Jeevansathi rose 18.4% to ₹39.7 crore, which combined with Aisle's 40% growth to drive overall matchmaking billings up by 23.1%.
Shiksha's platform traffic and billings fell 27.2% year-on-year to ₹20.5 crore because artificial intelligence-driven search increasingly answers user queries directly, reducing search referrals. Info Edge is adapting the model to decrease this search dependence, though interim billings growth remains under pressure.
