Info Edge announced an 87% rise in consolidated net profit to Rs 649.8 crore for Q2 FY27, driven by a 12% increase in revenue amidst evolving market dynamics and leadership transition.
- Net profit jumps 87% year-on-year to Rs 649.8 crore in Q2 FY27
- Revenue from operations grows 12% to Rs 903.9 crore
- Leadership change with founder Sanjeev Bikhchandani named CEO
What happened
Info Edge reported an 87% increase in consolidated net profit for Q2 FY27, reaching Rs 649.8 crore compared to Rs 347.5 crore in the same quarter last year. Revenue from operations grew 12% to Rs 903.9 crore year-on-year, reflecting steady demand across core business verticals including recruitment, real estate, and matrimony. The total revenue including other income stood at Rs 1,332.3 crore.
Alongside the strong quarterly results, Info Edge announced a key leadership shift. Founder Sanjeev Bikhchandani will take over as executive vice chairman, managing director, and group CEO starting December 3, 2026. He replaces Hitesh Oberoi, who stepped down to pursue personal interests in education, entrepreneurship, investing, and philanthropy.
Why it matters
The performance signals Info Edge's resilience and growth momentum in a competitive digital services market, with key segments such as recruitment demonstrating strong revenue and profit expansion. Recruitment business revenues rose 13% year-on-year to Rs 632.3 crore, supported by AI and data product contributions. The real estate platform 99acres reported a 17% revenue increase and notably reduced its losses, indicating improved operational efficiency.
However, the education vertical, Shiksha, faced headwinds linked to AI-driven declines in search traffic resulting in revenue and billing drops. This highlights evolving challenges in adapting traditional online education marketplaces amid shifting user behaviors and technology disruptions. The strategic leadership change may signal renewed focus and innovation priorities for the company’s future growth.
What to watch next
Market watchers will closely track how new CEO Sanjeev Bikhchandani leverages his extensive experience to navigate Info Edge’s next growth phase, balancing investments in AI-enabled recruitment products and emerging market opportunities. Continued improvements in revenue quality and margin expansion in the real estate business will be critical indicators of sustainable profitability.
Additionally, the evolution of the education segment under pressure from AI and increasing competition will be important to monitor. Info Edge’s ongoing initiatives to invest in domestic counselling and study abroad platforms will test its ability to regain traction in user engagement and monetization. The company’s strategic decisions regarding portfolio companies and focus on core verticals will also be key to watch.