Info Edge (India) Ltd.revenue +13%, AI run-rate ₹240 Cr, CEO to step down

Info Edge's Q2 FY27 call, held on 28 October 2026, mixed solid numbers with a leadership change.

Standalone revenue rose 13% to ₹842 crore, operating profit rose 30% to ₹347 crore and operating margin was 41%, while billings grew 13%, or about 14% to 15% after renewal timing. Recruitment billings grew 13% at a 59% margin, with other sectors up 18% and IT up only 3%, and AI products reached an annualised run rate of about ₹240 crore. 99acres billings grew 21% and its operating loss fell 93%, while Shiksha billings fell 27% as AI search cut referral traffic.

Hitesh Oberoi announced stepping down as Managing Director and CEO on 2 December after almost 27 years, with Founder Sanjeev Bikhchandani becoming Group CEO from 3 December and Oberoi staying on the Board subject to approval. Management expects 14% to 15% billing growth, positive operating cash at 99acres in FY27, and faster Jeevansathi growth in the second half. Of eight earlier promises, three were met, one accelerated, one on track, one not yet visible and two not mentioned.