Info Edge India shares rise 11% after announcement of Q1FY27 business update
New Delhi, July 7 -- Info Edge India share price jumped over 11% on Tuesday, 7 July, after the company reported a robust provisional business update for the first quarter of FY27, driven by sustained strength in its core recruitment business.
The company reported a 14.4% year-on-year increase in standalone billings to Rs.737 crore in Q1FY27 from Rs.644 crore a year ago. The recruitment solutions business remained the key growth driver, with billings rising 17.7% to Rs.553 crore from Rs.470 crore in the corresponding quarter last year.
Revenue from the recruitment segment also grew 17.5% year-on-year to Rs.552 crore. Meanwhile, 99acres posted a 16.5% increase in revenue to Rs.110 crore from Rs.94.4 crore, while Jeevansathi reported 16.5%...
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