NAUKRINSEQ1 FY2026August 14, 2025

Info Edge (India) Limited

7,905words
2turns
0analyst exchanges
4executives
Management on call
Sanjeev Bikhchandani
Founder & Vice Chairman
Hitesh Oberoi
Co-Promoter & Managing Director
Chintan Thakkar
Director & CFO
Vineet Ranjan
Head, Investor Relations
Key numbers — 40 extracted
Rs.644 crore
iness. We'll have Q&A towards the end. For the standalone businesses in Q1 of FY26, billings were Rs.644 crores, a YOY growth of 11% and revenue was Rs.736 crores, a YOY growth of 15%. Billings and revenue, in
11%
he end. For the standalone businesses in Q1 of FY26, billings were Rs.644 crores, a YOY growth of 11% and revenue was Rs.736 crores, a YOY growth of 15%. Billings and revenue, including Zwayam and Do
Rs.736 crore
ndalone businesses in Q1 of FY26, billings were Rs.644 crores, a YOY growth of 11% and revenue was Rs.736 crores, a YOY growth of 15%. Billings and revenue, including Zwayam and DoSelect, were at Rs.665 crores
15%
6, billings were Rs.644 crores, a YOY growth of 11% and revenue was Rs.736 crores, a YOY growth of 15%. Billings and revenue, including Zwayam and DoSelect, were at Rs.665 crores and Rs.757 crores, a Y
Rs.665 crore
s Rs.736 crores, a YOY growth of 15%. Billings and revenue, including Zwayam and DoSelect, were at Rs.665 crores and Rs.757 crores, a YOY growth of 12% and 16% respectively. Operating profits at a standalone le
Rs.757 crore
YOY growth of 15%. Billings and revenue, including Zwayam and DoSelect, were at Rs.665 crores and Rs.757 crores, a YOY growth of 12% and 16% respectively. Operating profits at a standalone level grew by 10% ye
12%
d revenue, including Zwayam and DoSelect, were at Rs.665 crores and Rs.757 crores, a YOY growth of 12% and 16% respectively. Operating profits at a standalone level grew by 10% year-on-year to Rs.250 c
16%
e, including Zwayam and DoSelect, were at Rs.665 crores and Rs.757 crores, a YOY growth of 12% and 16% respectively. Operating profits at a standalone level grew by 10% year-on-year to Rs.250 crores an
10%
crores, a YOY growth of 12% and 16% respectively. Operating profits at a standalone level grew by 10% year-on-year to Rs.250 crores and the operating margins stood at 34%. The standalone business gene
Rs.250 crore
h of 12% and 16% respectively. Operating profits at a standalone level grew by 10% year-on-year to Rs.250 crores and the operating margins stood at 34%. The standalone business generated cash from operations be
34%
at a standalone level grew by 10% year-on-year to Rs.250 crores and the operating margins stood at 34%. The standalone business generated cash from operations before taxes of Rs.180 crores in Q1 of FY2
Rs.180 crore
ting margins stood at 34%. The standalone business generated cash from operations before taxes of Rs.180 crores in Q1 of FY26. The cash generation from the recruitment business was Rs.196 crores. The non-recru
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Guidance — 20 items
INVESTOR RELATIONS
opening
“For the standalone businesses in Q1 of FY26, billings were Rs.644 crores, a YOY growth of 11% and revenue was Rs.736 crores, a YOY growth of 15%.”
INVESTOR RELATIONS
opening
“The standalone business generated cash from operations before taxes of Rs.180 crores in Q1 of FY26.”
INVESTOR RELATIONS
opening
“The non-recruitment businesses at an aggregate level were cash negative at Rs.11 crores in Q1 of FY26.”
INVESTOR RELATIONS
opening
“EPS before exceptional items, net of tax and deferred tax for Q1 of FY26 stood at Rs.4, post split of shares, a YOY growth of 11%.”
INVESTOR RELATIONS
opening
“In Q1 of FY26, Billings grew by 9% to Rs.470 crores and revenue grew by 15% to Rs.542 crores.”
INVESTOR RELATIONS
opening
“Niche and adjacent businesses like IIMJobs and Hirist, Naukri Gulf, and Naukri Fast Forward, the candidate services business, sustained their growth trajectory in Q1 of FY26, with year-on-year Billings growth of 41%, 18%, and 15% respectively.”
INVESTOR RELATIONS
opening
“On the job seeker front, the Naukri platform now hosts approximately 108 million resumes and added an average of 26,000 new resumes daily during Q1 of FY26.”
INVESTOR RELATIONS
opening
“These expenses are partly seasonal, and we expect full-year marketing expenses to remain at around the same level, plus/minus a few percentage points, compared to last year.”
INVESTOR RELATIONS
opening
“Hard to predict what's going to happen in this uncertain environment going forward.”
INVESTOR RELATIONS
opening
“Subject to improvement in growth trajectory, we remain confident of delivering improved and sustainable margins going forward.”
Risks & concerns — 15 flagged
This was primarily due to multiple macro events during the quarter and a general demand slowdown across certain sectors which impacted investment decisions relating to people amongst companies.
— INVESTOR RELATIONS
Hard to predict what's going to happen in this uncertain environment going forward.
— INVESTOR RELATIONS
Higher visa rejection rates for those aspiring to study in the US and a decline in job prospects for students abroad have reduced student interest in going overseas to some extent, especially to the US.
— INVESTOR RELATIONS
As a result, towards the end of the quarter a lot of our clients deferred purchases and reopened contracts and collections were weak.
— INVESTOR RELATIONS
Shiksha is okay right now but we are trying to figure out how we can de-risk it from whatever we are seeing happen to the publishing industry globally.
— INVESTOR RELATIONS
I understand it was on the back of a soft macro and a demand slowdown.
— INVESTOR RELATIONS
Where you're seeing slowdown and where things are fine?
— INVESTOR RELATIONS
And final question, trying to understand the impact of AI on businesses.
— INVESTOR RELATIONS
In general, do you think your ability to take pricing action will continue to be a bit difficult here?
— INVESTOR RELATIONS
And we have discussed in part that Naukri has been defying the gravity, despite of slowdown, we are only accelerating.
— INVESTOR RELATIONS
Is it like, finally, the investment or marketing is not generating enough ROI, or slowdown is much more pronounced and maybe impacted us with a delay.
— INVESTOR RELATIONS
And the two, the point you are making that second half was weak.
— INVESTOR RELATIONS
So, it simply because people may have been a little uncertain, a little uneasy where's the world is heading.
— INVESTOR RELATIONS
So, because it was volatile, it's possible that some people got to see, but I'm not saying that there will be a recovery in Q2, definitely.
— INVESTOR RELATIONS
And that is why the concern that if the underlying growth was not as much, then extrapolating that gives us, keeps us below 10% growth for the entire quarter.
— INVESTOR RELATIONS
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Speaking time
MANAGEMENT
1
INVESTOR RELATIONS
1
Opening remarks
MANAGEMENT
Mr. Sanjeev Bikhchandani – Founder & Vice Chairman Mr. Hitesh Oberoi – Co-Promoter & Managing Director Mr. Chintan Thakkar – Director & CFO
INVESTOR RELATIONS
Mr. Vineet Ranjan - Head, Investor Relations Anand Bansal: Good evening, everyone. I'm Anand Bansal. I'm joined today by my colleague, Vineet Ranjan. Thank you for joining us. Vineet Ranjan: Thank you, Anand. Good evening, everyone. Welcome to InfoEdge India Ltd Q1 FY26 Earnings Conf`erence call. Joining us today from management we have Mr. Sanjeev Bikhchandani, Founder and Vice Chairman, Mr. Hitesh Oberoi, Co-Promoter and Managing Director, and Mr. Chintan Thakkar, Director and CFO. Before we begin, I would like to draw your attention to the detailed disclaimer included in the presentation for good order sake. Kindly note that this conference is being recorded and all the participant lines will be in the listen-only mode and there'll be an opportunity for Q&A after the presentation concludes. I'll hand over the call to Mr. Hitesh Oberoi for his opening remarks. Thank you and over to you, Hitesh. Hitesh Oberoi : Thank you, Anand and Vineet. A very good evening, everyone and welcome to
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