INFO EDGE Q1 CONCALL

INFO EDGE Q1 CONCALL: RECRUITMENT & 99ACRES MOMENTUM IMPROVES; AI PRODUCTS SCALE UP 💼🤖 $NAUKRI • 📈 Recruitment remains strong — Q1 billings grew 17.5% YoY to ₹553 Cr, supported by recovery in enterprise hiring. • 🏠 99acres billings grew 16.5% YoY to ₹110 Cr; management expects operating leverage to improve as traffic and market-share gains translate into monetisation. • 🤖 AI is a key growth driver — newer recruitment offerings including AI-ReX, Talent Pulse, branding and premium products are expected to contribute meaningfully. • 🚀 Management sees significant opportunity to improve hiring volumes, share of hiring and revenue per hire in the recruitment business. • 💑 Jeevansathi continues improving, with management focused on scaling the business after substantially reducing losses over recent years. • ⚠️ Shiksha remains the weak spot — Q1 billings fell 22.8% YoY, with AI-led search reducing referral traffic and overseas education demand remaining soft in some markets.