NAUKRINSEQ2 FY2026November 18, 2025

Info Edge (India) Limited

11,799words
2turns
0analyst exchanges
5executives
Management on call
Sanjeev Bikhchandani
Founder & Vice Chairman
Hitesh Oberoi
Co-Promoter & Managing Director
Chintan Thakkar
Director & CFO
Ambarish Raghuvanshi
Interim CFO
Vineet Ranjan
Head, Investor Relations
Key numbers — 40 extracted
Rs.729 crore
course, we'll have time for Q&A in the end. For the standalone business in Q2FY26, billings were Rs.729 crores, a YOY growth of 12%, and revenue was Rs.746 crores, a YOY growth of 14%. Billings and revenue, i
12%
A in the end. For the standalone business in Q2FY26, billings were Rs.729 crores, a YOY growth of 12%, and revenue was Rs.746 crores, a YOY growth of 14%. Billings and revenue, including Zwayam and D
Rs.746 crore
e standalone business in Q2FY26, billings were Rs.729 crores, a YOY growth of 12%, and revenue was Rs.746 crores, a YOY growth of 14%. Billings and revenue, including Zwayam and DoSelect were Rs.752 crores and
14%
, billings were Rs.729 crores, a YOY growth of 12%, and revenue was Rs.746 crores, a YOY growth of 14%. Billings and revenue, including Zwayam and DoSelect were Rs.752 crores and Rs.769 crores, a YOY g
Rs.752 crore
e was Rs.746 crores, a YOY growth of 14%. Billings and revenue, including Zwayam and DoSelect were Rs.752 crores and Rs.769 crores, a YOY growth of 12% and 14% respectively. Operating profits at a standalone le
Rs.769 crore
s, a YOY growth of 14%. Billings and revenue, including Zwayam and DoSelect were Rs.752 crores and Rs.769 crores, a YOY growth of 12% and 14% respectively. Operating profits at a standalone level grew by 7% YOY
7%
crores, a YOY growth of 12% and 14% respectively. Operating profits at a standalone level grew by 7% YOY to Rs.268 crores and the operating margins stood at 36%. Operating profits including Zwayam an
Rs.268 crore
YOY growth of 12% and 14% respectively. Operating profits at a standalone level grew by 7% YOY to Rs.268 crores and the operating margins stood at 36%. Operating profits including Zwayam and DoSelect grew by 1
36%
g profits at a standalone level grew by 7% YOY to Rs.268 crores and the operating margins stood at 36%. Operating profits including Zwayam and DoSelect grew by 11% YOY to Rs.270 crores and the operatin
11%
es and the operating margins stood at 36%. Operating profits including Zwayam and DoSelect grew by 11% YOY to Rs.270 crores and the operating margin was 35%. The standalone business generated cash fro
Rs.270 crore
perating margins stood at 36%. Operating profits including Zwayam and DoSelect grew by 11% YOY to Rs.270 crores and the operating margin was 35%. The standalone business generated cash from operations before t
35%
rofits including Zwayam and DoSelect grew by 11% YOY to Rs.270 crores and the operating margin was 35%. The standalone business generated cash from operations before taxes of Rs.293 crores in Q2FY26, a
Advertisement
Guidance — 20 items
INVESTOR RELATIONS
opening
“Kindly note that this call is being recorded and all participant lines will be on mute and there'll be an opportunity for question and answer towards the end of the call.”
INVESTOR RELATIONS
opening
“Subsequent mark to market changes in PB Fintech's value will be reflected in Other Comprehensive Income similar to the treatment for Eternal.”
INVESTOR RELATIONS
opening
“Zwayam and DoSelect combined were also profitable in Q2FY26 vis-a-vis loss making in Q2 of FY25.”
INVESTOR RELATIONS
opening
“Live new project listings of the platforms grew 23%YOY while live resale and rental listings from brokers grew 37% YOY in Q2.”
INVESTOR RELATIONS
opening
“Yet, if I look at the first half billing growth, it has moderated to around 10%, down from 15 in FY25.”
INVESTOR RELATIONS
opening
“It's very hard and uncertain, very hard to say how things will evolve going forward.”
INVESTOR RELATIONS
opening
“So, it's very hard to say what will happen going forward.”
INVESTOR RELATIONS
opening
“Hitesh: Let me give you a sense of how we are thinking about the market going forward.”
INVESTOR RELATIONS
opening
“We're seeing a few trends emerging, and we believe that going forward, at least there's a lot of talk about companies wanting to use AI as a co-pilot for hiring.”
INVESTOR RELATIONS
opening
“So, we think premium talent will be in more demand going forward.”
Risks & concerns — 15 flagged
In summary though, the hiring environment remains uncertain as is evident from the JobSpeak index as well.
— INVESTOR RELATIONS
This growing shift from Google search to AI chatbots along with Google's rollout of AI summaries has however led to a decline in traffic in Shiksha over the last couple of quarters and this is something we continue to monitor, and we are working on strategies to mitigate this.
— INVESTOR RELATIONS
The business is strengthening its domestic counselling capabilities, driving higher conversions from client responses to student applications to help mitigate the potential impact of AI on traffic.
— INVESTOR RELATIONS
It's very hard and uncertain, very hard to say how things will evolve going forward.
— INVESTOR RELATIONS
IT companies continue to remain cautious about hiring.
— INVESTOR RELATIONS
And that is the one which is, under pressure right now.
— INVESTOR RELATIONS
Now we're working on strategies to mitigate this decline in traffic, but it could take a few quarters before we figure things out.
— INVESTOR RELATIONS
Sachin: And last question, I just wanted to understand that actually, how should we look at realizations in context of you guys looking to penetrate a bit deeper into Tier 2, Tier 3, because it's very evident that as you go into Tier 2, Tier 3, there's a bit of a pressure on average realization.
— INVESTOR RELATIONS
And Hitesh, so say, for example, if the nature of search changes the way we interact with horizontal search platforms, how difficult it is to have an internal system within Shiksha that instead of me searching for colleges, the traditional way, I can simply enter my query, and then the results pop up the way it pops up for say, a ChatGPT kind of platform.
— INVESTOR RELATIONS
How easy or difficult is that to create?
— INVESTOR RELATIONS
Was there any seasonality because you only recently started disclosing this particular segment or you actually saw some slowdown on sequential basis?
— INVESTOR RELATIONS
Easier to take up pricing in a hot market, difficult to take it up in a lukewarm market.
— INVESTOR RELATIONS
So, it's very difficult to find a startup in the tech space that does not have some AI in it.
— INVESTOR RELATIONS
Vivekanand: Okay, and you are currently facing scalability challenges primarily because of the sluggishness in the market, or is there any product or go-to-market challenge also that you have identified?
— INVESTOR RELATIONS
The real challenge right now is that a lot of our big customers are not hiring as much as they were hiring till some time back.
— INVESTOR RELATIONS
Advertisement
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 Mr. Ambarish Raghuvanshi- Interim CFO
INVESTOR RELATIONS
Mr. Vineet Ranjan- Head, Investor Relations Anand Bansal: Good evening, everyone. I am Anand Bansal, joined by my colleague Vineet Ranjan. Thank you for joining us. We'll wait for a couple of minutes so that more people can participate and log in. Vineet, currently, we have 80 people. Over to you to get us started. Thank you so much. Vineet Ranjan: Thank you, Anand. Good evening, everyone. Thank you for joining the call. Welcome to InfoEdge India Limited Earnings Conference call for quarter two of FY26. Joining us today from management, we have Mr. Sanjeev Bhikchandani, 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 for good order sake. Kindly note that this call is being recorded and all participant lines will be on mute and there'll be an opportunity for question and answer towards the end of the call. I will now hand over the ca
Advertisement
← All transcriptsNAUKRI stock page →