Info Edg.(India) Q2 FY27 Results (NSE: NAUKRI)
Signal: Steady quarter
The read
The operating trajectory remains positive but the reported profit comparison is unusable without normalising for exceptional investment gains: revenue grew +12.8% YoY to ₹8,416.62 million, employee cost grew only +0.5%, and 99acres grew +15.7%, while standalone PAT fell 91.1% because Q2FY26 included a ₹52,001.12 million fair-value gain. The key watchpoint is whether 99acres can convert its faster growth into a profit from its current ₹115.42 million segment loss.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹841.66 Cr | +12.8% | +2.1% |
| Net profit | ₹422.11 Cr | -91.1% | |
| EPS | ₹3.15 | -95.7% | |
| EBIT margin | N/A |
P&L walk
Standalone revenue reached ₹8,416.62 million, +12.8% YoY and +2.1% QoQ, led by 99acres growth of 15.7% YoY; employee cost was broadly flat at +0.5% YoY, while PAT fell 91.1% YoY because the comparable quarter included a ₹52,001.12 million fair-value gain.
Segments
Recruitment Solutions remained the earnings anchor with ₹6,123.33 million revenue and ₹1,736.63 million segment profit, while 99acres grew fastest at +15.7% YoY but remained loss-making at ₹115.42 million.
Key positives
- Revenue from operations reached ₹8,416.62 million, +12.8% YoY and +2.1% QoQ, sustaining double-digit growth.
- 99acres revenue grew +15.7% YoY to ₹1,343.12 million, ahead of total company growth, although the segment remained loss-making.
- Employee benefits expense grew only +0.5% YoY to ₹3,039.62 million, reducing employee-cost intensity to 36.1% from 40.5%.
- Operating cash flow rose to ₹4,688.65 million in H1FY27 from ₹3,605.37 million in H1FY26.
Key concerns
- 99acres remained loss-making at ₹115.42 million despite revenue growth of +15.7% YoY, so growth has not yet translated into segment earnings.
- Recruitment Solutions, which generated ₹1,736.63 million of segment profit, grew revenue only +9.6% YoY, below company growth.
- Reported PAT fell 91.1% YoY to ₹4,221.07 million because the comparable period included a ₹52,001.12 million fair-value gain, keeping headline earnings highly volatile.
Research and educational content only. Not investment advice.