Recruitment Billings (Standalone)
₹548 Cr
+11% YoY
Recruitment billings grew 11% YoY to ₹548 crore in Q3 FY26.
INFOEDGE
Information Technology
15 Jan 2026
Info Edge Ltd — Q3 FY26
Info Edge reported Q3 FY26 standalone revenue of ₹765 crore (+14% YoY) and operating profit of ₹297 crore (+13% YoY), with operating margins at 39%.
Financial stats pending filing verification
2-Minute Summary
✦ AI-Generated from Full Transcript
Info Edge reported Q3 FY26 standalone revenue of ₹765 crore (+14% YoY) and operating profit of ₹297 crore (+13% YoY), with operating margins at 39%. Recruitment billings grew 11% YoY to ₹548 crore, driven by 14% growth in IT/BPM and GCC segments, while non-IT sectors like BFSI and retail remained soft. The real estate segment saw billings growth of 14% to ₹117 crore, with traffic share reaching 46% (up from 44% in Q2). Matchmaking (Jeevan Saathi) grew 29% to ₹36 crore, nearing breakeven. Management highlighted a cautious hiring environment, with mid-segment volume growth moderating to ~4%, while premium and value segments showed stronger demand. AI initiatives like AI Rex are gaining traction with 100+ clients and 20,000 mandates. Guidance: recruitment billings growth in low teens, with margin expansion dependent on sustaining that growth. Key risk: prolonged weakness in non-IT hiring could pressure overall growth.
Key Numbers
99 Acres Traffic Share
46%
+2pp QoQ
Quarterly average traffic share increased to 46% from 44% in Q2.
Jeevan Saathi Billings Growth
₹36 Cr
+29% YoY
Matchmaking billings grew 29% YoY to ₹36 crore, nearing breakeven.
AI Rex Mandates Closed
20,000
New metric
AI Rex, the agentic AI platform, has closed 20,000 job mandates with 100+ clients.
Management Guidance
Recruitment billings growth in low teens
Management expects standalone recruitment billings growth to remain in low teens for FY26, similar to YTD growth of ~10%.
Management guidance revenueJob Hai expansion to new cities in next 12 months
After achieving market leadership in Delhi NCR, Job Hai will expand to Mumbai, Bangalore, and other cities over the next 12 months.
Management guidance expansionJob Hai to become 10-15% of Naukri India revenue in 5-6 years
Management targets Job Hai to contribute 10-15% of Naukri India's revenue over a 5-6 year horizon.
Management guidance growthDividend payout ratio increased to up to 65% of PAT
Board approved revision of dividend payout ratio to up to 65% of PAT, up from 39% last year.
Management guidance otherKey Risks
Prolonged weakness in non-IT hiring
Non-IT sectors like BFSI, retail, and infrastructure have seen softness, with YTD growth of only ~7%. If this persists, overall recruitment growth could remain subdued.
high · management_commentaryAI-driven disintermediation may increase spam and reduce signal quality
Management acknowledged that horizontal AI platforms could generate auto-generated resumes and spam, potentially reducing the value of job listings but increasing the relevance of curated databases like Naukri.
medium · management_commentaryEducation business facing AI-related traffic decline
Shiksha domestic business has seen a sharp drop in traffic due to AI impact, which will affect billing growth over time. Management is pivoting to counseling services but outcome uncertain.
medium · management_commentaryZomato and DoSelect growth slower than core business
Analyst noted that Zomato and DoSelect billing growth is slower than core recruitment. Management attributed it to ongoing experimentation with go-to-market strategies, which may take a couple of quarters to stabilize.
low · analyst_questionNotable Quotes
If horizontal AI platforms were to expand into the hiring space, it could result in higher noise levels including auto-generated resumes, spam applications and low signal candidates potentially increasing the relevance of specialized curated platforms like Naukri.
Our short-term goal will be to get more and more clients to use it first so we'll focus on adoption and usage and we think if we are able to enable more hiring through AI Rex and help recruiters become more productive, revenue will follow.
If we can grow in the teens, we'll be able to maintain and improve our margins. If we grow in single digits, then we might lose some margin.
Frequently Asked Questions
What was Info Edge's revenue in Q3 FY26?
Info Edge reported revenue of ₹765 Cr in Q3 FY26, representing a +14% change compared to the same quarter last year.
What guidance did Info Edge management give for FY27?
Recruitment billings growth in low teens: Management expects standalone recruitment billings growth to remain in low teens for FY26, similar to YTD growth of ~10%. Job Hai expansion to new cities in next 12 months: After achieving market leadership in Delhi NCR, Job Hai will expand to Mumbai, Bangalore, and other cities over the next 12 months. Job Hai to become 10-15% of Naukri India revenue in 5-6 years: Management targets Job Hai to contribute 10-15% of Naukri India's revenue over a 5-6 year horizon. Dividend payout ratio increased to up to 65% of PAT: Board approved revision of dividend payout ratio to up to 65% of PAT, up from 39% last year.
What are the key risks for Info Edge in FY27?
Key risks include Prolonged weakness in non-IT hiring — Non-IT sectors like BFSI, retail, and infrastructure have seen softness, with YTD growth of only ~7%. If this persists, overall recruitment growth could remain subdued.; AI-driven disintermediation may increase spam and reduce signal quality — Management acknowledged that horizontal AI platforms could generate auto-generated resumes and spam, potentially reducing the value of job listings but increasing the relevance of curated databases like Naukri.; Education business facing AI-related traffic decline — Shiksha domestic business has seen a sharp drop in traffic due to AI impact, which will affect billing growth over time. Management is pivoting to counseling services but outcome uncertain.; Zomato and DoSelect growth slower than core business — Analyst noted that Zomato and DoSelect billing growth is slower than core recruitment. Management attributed it to ongoing experimentation with go-to-market strategies, which may take a couple of quarters to stabilize..
Did Info Edge meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Info Edge Q3 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary with filing verification status shown on the financial stats.