Info Edge shares hit a day high of Rs 1,253.20 on 8 October, up 2%, after Q2 billings grew 12.8%, though the stock later slipped lower.

Info Edge (India) Limited, the company behind Naukri, told exchanges its standalone billings for the quarter ended 30 September came to Rs 822.3 crore.

That is up 12.8% from a year ago. Billings are the amount a company invoices its customers in a period, which is not the same as reported revenue.

Naukri’s recruitment business brought in Rs 613.8 crore, up 12.6% from Rs 545 crore.

Renewal timing shifts these numbers from quarter to quarter. After adjusting for it, the company puts underlying growth at around 14% to 15%.

Property portal 99acres did better. Its billings rose 21.2% to Rs 148.3 crore, faster than the 16.5% growth in the previous quarter.

In matchmaking, Jeevansathi grew 18.4% to Rs 39.7 crore, while Aisle jumped 40%. Together, the two grew 23.1%. Shiksha was the weak spot. Its billings fell 27.2% to Rs 20.5 crore.

The company said AI-driven search now answers many user questions directly, so fewer visitors reach the site. It is changing the model but expects pressure to continue for now.

For the first half of FY27, standalone billings reached Rs 1,559.3 crore, up 13.5%. Recruitment grew 14.9% over the six months.

The company had flagged similar timing effects in Q1, when underlying recruitment growth was also around 15% against reported growth of 17.5%.

It added that its AI products, AI-Rex and Talent Pulse, are signing up more customers.

The Q2 numbers are unaudited and came ahead of the formal results, which the audit committee and board still have to approve.

At 11:29 am, it’s trading at Rs 1,195 on NSE, down Rs 30.30 or 2.47% from the previous close of Rs 1,225.30.

The stock opened at Rs 1,221 and has touched a low of Rs 1,188.60. It is down 10.84% so far this year and below its 52-week high of Rs 1,419.90, with a market value of around Rs 77,525 crore.

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