Info Edge (India) Limited, the parent of Naukri.com and 99acres, reported a sharp jump in annual profit for FY26, driven less by its operating businesses and more by gains from its sprawling startup investment portfolio.
The Noida-based internet conglomerate posted standalone net profit of Rs 55,357 crore for the year ended March 2026, compared with Rs 7,734 crore a year earlier, after booking a massive fair-value gain linked to its holdings in PB Fintech. Revenue from operations rose 15% year-on-year to Rs 30,520 crore.
At the consolidated level, revenue climbed 15.5% to Rs 32,847 crore, while consolidated net profit attributable to shareholders rose to Rs 14,498 crore from Rs 9,621 crore a year earlier.
The company’s operating engine remained its recruitment business, anchored by Naukri, which contributed Rs 22,559 crore in segment revenue during FY26, up from Rs 19,826 crore a year earlier. Segment profit from the recruitment business rose to Rs 12,771 crore.
Its real-estate classifieds platform 99acres, long viewed as a drag on profitability because of aggressive spending, narrowed losses sharply. The segment reported a loss of Rs 591 crore for FY26, compared with a loss of Rs 1,475 crore a year earlier, while revenue rose to Rs 4,880 crore from Rs 4,107 crore.
The results shows how Info Edge increasingly resembles a hybrid between an internet operating company and a public-market investment vehicle. Much of the year’s earnings expansion came from exceptional gains and mark-to-market accounting adjustments tied to startup investments.
The company disclosed an exceptional gain of Rs 51,675 crore during FY26, primarily driven by the reclassification of its stake in PB Fintech after the merger of joint venture Makesense Technologies Limited with PB Fintech.
Info Edge said it recorded an unrealised mark-to-market gain of Rs 52,001 crore following the transaction, along with a deferred tax charge of Rs 7,436 crore.
At the same time, volatility in listed tech holdings continued to swing the company’s comprehensive income. The company recorded a Rs 91,393 crore decline in the fair value of its stake in Eternal Limited, parent company of Zomato, during FY26 through other comprehensive income.
Info Edge’s balance sheet continued to swell as investment values climbed. Total standalone investments stood at Rs 357,345 crore as of March 2026, up from Rs 276,139 crore a year earlier. Total equity rose to Rs 347,472 crore.
The company also continued deploying capital into its startup ecosystem. During FY26, it invested Rs 5,815 crore into subsidiaries and controlled trusts, while continuing allocations into venture funds and startup vehicles.
Its list of portfolio and affiliated entities now spans education, logistics, SaaS, healthcare and commerce startups, alongside multiple venture investment structures.
The company also disclosed that an internal investigation into whistleblower allegations involving employees in the 99acres business had concluded without material financial impact. The probe, conducted by an independent law firm and forensic experts, examined allegations of policy violations and fraudulent conduct. Info Edge said remedial actions and additional controls had since been implemented.
The board recommended a final dividend of Rs 3.60 per share for FY26.
