Info Edge Reports 14% Growth in Q1 Billings Led by Naukri and 99acres

Research Analyst: UJVIN NEVATIA (PROPRIETOR: NEVAT INVESTMENTS) | SEBI Registration No.: INH100009628

reported a 14.4% year-on-year increase in standalone billings to ₹737 crore for the first quarter of FY27, indicating healthy business momentum across its key digital platforms. The Recruitment Solutions business, led by ***** remained the largest contributor, with billings rising 17.5% to ₹552.7 crore. The 99acres real estate platform also delivered strong performance, with billings increasing 16.6% to ₹110.1 crore, while Jeevansathi recorded 14.2% growth to ₹39.6 crore. The Shiksha segment was the only business to witness a decline, with billings falling 22.8% year-on-year to ₹34.6 crore. The company clarified that these figures are part of a provisional business update and remain subject to review and approval by the Audit Committee, Board of Directors, and Statutory Auditors before the release of its full quarterly financial results. Industry & Economic Impact: The strong growth in Recruitment Solutions indicates continued hiring activity across India's organized job market, while the healthy performance of 99acres reflects sustained momentum in the residential real estate sector. The results demonstrate the resilience of India's digital platform businesses, which continue to benefit from increasing internet penetration and rising adoption of online services. From an economic perspective, growth in recruitment and real estate platforms points to improving business activity, employment demand, and property transactions. Continued expansion of digital marketplaces also supports India's technology ecosystem, encourages innovation, and contributes to the country's digital economy by improving access to jobs, housing, and online services. Source: Economic Times No Recommendations