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Informist, Friday, Feb. 13, 2026

 

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--Info Edge: Gaining share across segments in real estate business 
--CONTEXT: Comments by Info Edge management in post-earnings analyst concall 
--Info Edge: Co's share in hiring limited in value segment currently 
--Info Edge:Focus on counselling, marketing svcs in Shiksha to fight AI impact 
--Info Edge: Seeing softness in study abroad business for select markets 
--Info Edge: Matrimonial, real estate advertisement spend up this year 
--Info Edge: See headroom for growth in premium hiring segment 
--Info Edge: Will continue to be open to acquisitions across verticals 
--Info Edge: Unlikely to go for big diversification opportunity near future 
--Info Edge: Have started monetising Job Hai offerings in NCR 

 

By Shakshi Jain and Diksha Tripathy

 

MUMBAI – Consumer internet company Info Edge (India) Ltd. plans to continue investing in its venture Job Hai for the next few years, as it sees an opportunity in the business in the long term, its management said at a post-earnings conference call with analysts Friday. "... We are losing, you know, approximately (INR) 50 crores a year in our job business, which is our blue-collar business. That's a business we are building for the future," Info Edge Managing Director Hitesh Oberoi said.

 

Over the last 18 months, the company has focused its efforts in the National Capital Region and has become the largest player in the segment there. Info Edge has now started monetising its Job Hai offerings in the National Capital Region. The company plans to replicate the playbook in other cities such as Mumbai and Bengaluru over the next 12 months.

 

"Now, this is a market where there is a lot of volume, but ARPUs (average revenue per user) are low. It's not easy to make money, but it's important for the long run. Strategically, it's important because it keeps other players out. In the short term as well, because once people get in, then they may move to other segments," Oberoi said, adding that in the long term, it should be possible to make money in this segment. 

 

Job Hai facilitates skilled and semi-skilled hiring across roles such as delivery, telecalling, sales, data entry, and driving. 

 

Info Edge classifies hiring into three broad segments: premium category, where salaries exceed INR 3 million per year; mid-level category, where salaries range from INR 500,000 to INR 3 million per year; and value category, where salaries are less than INR 500,000 per year.

 

According to Oberoi, Info Edge is a leader in the mid-segment and continues to gain share there, while its share in the value segment is limited with Job Hai. "In the premium segment, the overall market size is small, but growing rapidly. Our hiring share in this segment is growing faster. We are working on this through targeted premium offerings...," Oberoi said, adding that the revenue per hire is structurally higher in this segment and the company sees further headroom for improvement and growth.

 

The company is gaining traffic share across segments in the real estate business, 99 Acres, Oberoi said. Over the last 12-18 months, the online property listing platform has gained 0.5%-1% traffic share each month, according to Oberoi. In the education business, Shiksha is pivoting to marketing and counselling services to address challenges posed by artificial intelligence. In the December quarter, the study abroad segment saw subdued demand for select markets such as the US and Canada, Oberoi said. 

 

The matrimonial services platform, Jeevasathi, is near break-even, Oberoi said. He added that advertising spending for both 99 Acres and Jeevansathi has been higher this year. 

 

Going forward, the company will remain open to small acquisitions across the verticals in which it operates, Oberoi said. He, however, said a big merger or acquisition is unlikely in the near future.

 

For the December quarter, the company reported a net profit of INR 2.47 billion, up over 23% on year but down nearly 95% sequentially. The company's revenue from operations for the quarter rose nearly 14% on year and 2.5% sequentially to INR 7.65 billion. For the Apr-Dec period, Info Edge's net profit was INR 52.27 billion, up from INR 5.18 billion in the corresponding period a year ago. The company's revenue was INR 22.47 billion for the nine-month period. 

 

Friday, shares of Info Edge ended at INR 1,141 on the National Stock Exchange, down 0.7% from the previous close.  End

 

Edited by Saji George Titus

 

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