Info Edge (India) has reported unaudited standalone billings of ₹737 crore for the quarter ended June 30, 2026 (Q1FY27), an increase from ₹644.2 crore in the corresponding quarter of the previous year. The company released these figures ahead of its official financial results announcement, subject to review by the Audit Committee, Board of Directors, and Statutory Auditors. The strong billing performance has drawn positive responses from leading brokerages, with JPMorgan and Nomura both reaffirming their bullish stances on the stock.

Segment-Wise Billing Performance

The billing data for Q1FY27 highlights the performance across Info Edge's key business verticals. Recruitment Solutions remained the dominant segment, while real estate, matrimony, and education verticals also registered billings during the period. The following table provides a detailed breakdown of standalone billings across segments for Q1FY27 and Q1FY26:

Recruitment Solutions Leads Billings

Recruitment Solutions contributed ₹552.7 crore to the total standalone billings in Q1FY27, establishing itself as the primary revenue driver. This segment, which encompasses the flagship Naukri platform, accounted for the largest share of the overall billings during the quarter, rising from ₹470.3 crore in the prior year. According to JPMorgan, Naukri billings accelerated, likely driven by premiumisation and stronger IT services hiring, with sustainable billing growth and premiumisation expected to support higher margins.

Real Estate and Other Verticals

The real estate platform 99acres reported billings of ₹110.1 crore in Q1FY27, making it the second-largest contributor, up from ₹94.4 crore in Q1FY26. Nomura noted that the real estate business delivered strong billing growth during the quarter. The matrimony platform Jeevansathi recorded billings of ₹39.6 crore, compared to ₹34.7 crore in the previous year. The education-focused platform Shiksha reported billings of ₹34.6 crore, a decrease from ₹44.8 crore in the same period last year, with Nomura attributing the decline to artificial intelligence (AI) impacting its search function.

Analyst Views

The Q1FY27 billing performance has prompted positive assessments from major brokerages. The following table summarises the latest analyst recommendations on Info Edge:

JPMorgan maintained its Overweight rating with a target price of ₹1,350, citing accelerated Naukri billings driven by premiumisation and stronger IT services hiring. The brokerage expects sustainable billing growth and premiumisation to support higher margins going forward. Nomura maintained its Buy rating with a target price of ₹1,320, highlighting that Naukri billing beat estimates and the real estate business delivered strong billing growth, while flagging the decline in Shiksha due to AI-related headwinds.

Key Highlights

• Total standalone billings rose to ₹737.0 crore in Q1FY27 from ₹644.2 crore in Q1FY26.
• Recruitment Solutions was the largest segment at ₹552.7 crore, up from ₹470.3 crore.
• 99acres contributed ₹110.1 crore in billings, up from ₹94.4 crore.
• Jeevansathi reported billings of ₹39.6 crore, compared to ₹34.7 crore.
• Shiksha recorded billings of ₹34.6 crore, down from ₹44.8 crore.
• JPMorgan maintains Overweight with a target price of ₹1,350; Nomura maintains Buy with a target price of ₹1,320.

Info Edge (India) has announced the broad rollout of its AI-powered recruitment platform, scaling products such as AI-Rex, Talent Pulse, and PremiumX across enterprises and jobseekers. The company invested approximately ₹70 crore in artificial intelligence during FY26 and expects this figure to reach approximately ₹150 crore in FY27, reflecting a strategic push to deepen its technological infrastructure and create new revenue streams.

India's Largest Recruitment AI Lab

The company has built what it describes as India's largest AI recruitment lab, powered by a proprietary dataset accumulated over 25 years. The platform hosts over 118 million candidate profiles with an average daily addition of around 25,000 profiles. It serves approximately 13 million monthly active users. This scale provides a data advantage that strengthens with every interaction, supporting the deployment of advanced AI-driven hiring solutions.

AI-Rex Brings Agentic AI to Enterprise Recruitment

Naukri AI-Rex, the company's flagship Agentic AI product, is designed to enhance recruiter productivity across the hiring workflow. Specialized AI agents assist with mandate refinement, candidate sourcing, personalized outreach, and screening. Commercial adoption is accelerating, with AI-Rex now live across 4,000+ enterprise customers and recruitment firms. More than 10% of these customers have already converted to paid clients. Hiring mandates through the AI-Rex platform grew 3.7x between February and June 2026, spanning sectors such as IT, BFSI, Sales, Finance, Healthcare, and BPO.

Creating New AI-Led Data Products

Beyond recruitment subscriptions, the company is monetizing its AI capabilities through enterprise solutions. Talent Pulse, an AI-powered talent intelligence platform, has secured over 600 paid customers ranging from large enterprises to smaller organizations. This platform enables enterprises to benchmark compensation, analyze talent availability, evaluate employer branding, and make workforce planning decisions. Together with Executive Intelligence, these products expand the addressable market into talent intelligence and strategic workforce planning.

Extending AI to Jobseekers and Premium Hiring

AI investments extend to the candidate side through tools like the Jobseeker agent Neo, AI Resume Maker, and AI Mock Interview Prep, which contribute to revenue growth within the jobseeker pool. PremiumX, an AI-powered premium hiring platform, serves over 1,800 enterprise customers. It targets white-collar professionals earning above ₹30 lakh annually using AI-driven talent discovery and Naukri verified profiles. The company also reaches senior professionals through Naukri Top Tier and specializes in management and technology hiring via iimjobs and hirist, respectively.