Street View: India's Info Edge's AI revenue surprise strengthens recruitment growth outlook

Info Edge (India)

29/10/2026 06:37

** Indian online classifieds firm Info Edge (India) INED.NS reported September-quarter consolidated net profit of 4.80 billion rupees ($50.41 million) and consolidated revenue from operations of 9.04 billion rupees 
** Shares of Info Edge down 0.6% at 1,183.40 rupees

AI MONETISATION, RECRUITMENT GROWTH SUPPORT BUY CALLS

** Ambit Capital ("buy," PT: 1,684 rupees) says co delivered in-line Q2 operational numbers, while proprietary AI and data products now contribute 8% to recruitment billings
** Citi ("buy," PT: 1,500 rupees) says AI revenues at about 2.4 billion rupees annualised run-rate are a positive surprise; raises estimates modestly on new AI-led revenue drivers
**  Nomura ("buy,", cuts PT to 1,430 rupees from 1,480 rupees) says underlying momentum remains healthy; raises FY27 EPS forecast by about 1%, factoring in Q2 results
** Motilal Oswal ("neutral," PT: 1,240 rupees) says Naukri's AI-first products now account for a high-single-digit share of recruitment revenue, while 99acres is moving closer to sustainable profitability


($1 = 95.2200 Indian rupees)

 (Reporting by Payel Das in Bengaluru)
 ((Payel.das@thomsonreuters.com))