Info Edge shares fall despite 12.6% billings growth
In short
Info Edge’s recruitment business reported ₹613.8 crore in billings for the quarter, up 12.6% from ₹545 crore a year earlier. After adjusting for when customers renewed, underlying growth was estimated at about 14-15% year on year.
The stock still fell, but the report does not say why. It also does not give full details for 99acres.
What the reporting says
Info Edge’s recruitment solutions business reported ₹613.8 crore in billings for the quarter, up 12.6% year on year from ₹545 crore. The publisher summary said underlying recruitment growth was estimated at around 14-15% after adjusting for customer renewal timing. Shares fell despite the growth, but the reporting does not say why the stock moved or give full results for 99acres.
Why it matters
Info Edge’s recruitment solutions business showed higher quarterly billings, and the adjusted growth estimate was even stronger after renewal timing was considered. That points to solid demand in its core hiring-related business. The source does not explain the share fall, and it does not provide complete figures for 99acres or broader company earnings, so the market reaction remains partly unclear.