INFO EDGE (INDIA) LTD Q2 CONCALL: CORE RECRUITMENT GROWTH TARGET OF 14–15%, AI REVENUE ANNUALIZED RUN-RATE AT ₹240 CR, 99ACRES CASH FLOW POSITIVE OUTLOOK & JOBHAI FY27 INTERNAL GROWTH TARGET OF 100%

• MANAGEMENT EXPECTS UNDERLYING CORE RECRUITMENT GROWTH OF APPROXIMATELY 14–15%, SUPPORTED BY NON-IT HIRING, REPLACEMENT DEMAND & PREMIUM RECRUITMENT SERVICES • MANAGEMENT'S INTERNAL RECRUITMENT SALES GROWTH TARGET REMAINS APPROXIMATELY 14–15%, ALTHOUGH THIS IS NOT A FORMAL FY27 REVENUE GUIDANCE COMMITMENT • MANAGEMENT EXPECTS AI-FIRST RECRUITMENT PRODUCTS & SERVICES TO BECOME A SIGNIFICANT LONG-TERM REVENUE DRIVER, WITH THE Q2 ANNUALIZED REVENUE RUN-RATE REACHING APPROXIMATELY ₹240 CR • MANAGEMENT PLANS TO PRIORITIZE AI PRODUCT ADOPTION, CUSTOMER PENETRATION & RENEWALS OVER APPROXIMATELY THE NEXT 24 MONTHS BEFORE PURSUING DEEPER MONETIZATION • MANAGEMENT INDICATED CUSTOMERS PURCHASING AI OFFERINGS HAVE PAID APPROXIMATELY 10–15% MORE ON AVERAGE THAN CUSTOMERS WITHOUT THESE PRODUCTS • MANAGEMENT EXPECTS AI RECRUITMENT SOLUTIONS TO HAVE HIGH GROSS-MARGIN POTENTIAL, BUT HAS NOT PROVIDED A NUMERICAL LONG-TERM EBITDA OR PROFIT MARGIN TARGET • MANAGEMENT EXPECTS 99ACRES TO GENERATE POSITIVE OPERATING CASH FLOW FOR FY27, SUPPORTED BY REVENUE GROWTH, IMPROVING OPERATING LEVERAGE & MARKETING EFFICIENCY • MANAGEMENT AIMS TO GAIN ADDITIONAL TRAFFIC & REVENUE MARKET SHARE IN 99ACRES DURING H2 FY27, SUPPORTED BY STRONG PROPERTY INQUIRIES & DIGITAL PLATFORM ENGAGEMENT • MANAGEMENT SEES SIGNIFICANT LONG-TERM MONETIZATION OPPORTUNITIES IN NEW-PROJECT REAL ESTATE MARKETING, WITH THE ADDRESSABLE MARKET ESTIMATED AT APPROXIMATELY ₹6,000 CR • MANAGEMENT EXPECTS JEEVANSATHI BILLINGS GROWTH TO ACCELERATE IN H2 FY27, SUPPORTED BY IMPROVING CUSTOMER ACQUISITION & SUBSCRIPTION DEMAND • MANAGEMENT EXPECTS AISLE TO MAINTAIN A HIGH-GROWTH TRAJECTORY, SUPPORTED BY CONTINUED EXPANSION IN THE ONLINE MATCHMAKING MARKET • MANAGEMENT'S INTERNAL FY27 JOBHAI BILLINGS GROWTH TARGET IS APPROXIMATELY 100%, SUPPORTED BY BLUE-COLLAR, FRONTLINE & GIG-WORKER RECRUITMENT DEMAND • MANAGEMENT ESTIMATES JOBHAI MAY REQUIRE APPROXIMATELY ₹100–130 CR ANNUAL REVENUE TO REACH OPERATING BREAKEVEN, SUBJECT TO ITS COST STRUCTURE & BUSINESS SCALE • MANAGEMENT INDICATED JOBHAI COULD POTENTIALLY APPROACH BREAKEVEN WITHIN A COUPLE OF YEARS IF GROWTH CONTINUES, BUT NO FIRM PROFITABILITY TIMELINE WAS COMMITTED • MANAGEMENT EXPECTS JOBHAI'S ANNUAL OPERATING CASH BURN TO REMAIN BROADLY AROUND ₹45 CR AS REVENUE SCALES, SUBJECT TO INVESTMENT REQUIREMENTS • MANAGEMENT BELIEVES THE BLUE-COLLAR DIGITAL RECRUITMENT MARKET MAY TAKE APPROXIMATELY 5–10 YEARS TO DEVELOP INTO A SIGNIFICANT BUSINESS OPPORTUNITY • MANAGEMENT PLANS TO REPOSITION SHIKSHA THROUGH DIRECT STUDENT ENGAGEMENT, AI VOICEBOT-ASSISTED COUNSELLING & EXPANSION INTO ADDITIONAL INTERNATIONAL STUDY DESTINATIONS • MANAGEMENT'S PRIORITY FOR SHIKSHA IS TO RESTORE GROWTH WHILE CONTAINING OPERATING LOSSES DURING THE TRANSITION AWAY FROM SEARCH-DEPENDENT CUSTOMER ACQUISITION • MANAGEMENT DID NOT PROVIDE SPECIFIC CONSOLIDATED FY27 REVENUE, EBITDA, PAT OR MARGIN GUIDANCE • Q2 STANDALONE REVENUE GREW 13% YOY TO ₹842 CR, SUPPORTED BY RECRUITMENT GROWTH, 99ACRES MOMENTUM & IMPROVING MATCHMAKING OPERATIONS • Q2 STANDALONE OPERATING PROFIT INCREASED 30% YOY TO ₹347 CR, REFLECTING STRONG OPERATING LEVERAGE & COST DISCIPLINE • Q2 OPERATING PBT MARGIN EXPANDED APPROXIMATELY 541 BPS YOY TO 41%, HIGHLIGHTING IMPROVING PROFITABILITY ACROSS THE STANDALONE BUSINESS • Q2 STANDALONE BILLINGS GREW 13% YOY, WHILE BILLINGS EXCLUDING SHIKSHA INCREASED MORE THAN 14% • H1 FY27 STANDALONE BILLINGS GREW 14%, REVENUE INCREASED 12% & OPERATING PROFIT GREW 32% YOY • H1 BILLINGS EXCLUDING SHIKSHA GREW APPROXIMATELY 16%, INDICATING HEALTHIER MOMENTUM IN THE REMAINING BUSINESSES • Q2 CASH GENERATED FROM OPERATIONS INCREASED 27% YOY TO ₹373 CR, WHILE H1 OPERATING CASH GENERATION REACHED ₹598 CR • CASH BALANCE STOOD AT APPROXIMATELY ₹4,976 CR AS OF SEPTEMBER 2026, PROVIDING FINANCIAL FLEXIBILITY FOR INVESTMENTS & STRATEGIC OPPORTUNITIES • RECRUITMENT BILLINGS & REVENUE BOTH GREW 13% YOY, WHILE OPERATING PROFIT INCREASED 20% WITH AN OPERATING PBT MARGIN OF APPROXIMATELY 59% • RECRUITMENT BILLINGS GROWTH WAS AFFECTED BY CUSTOMER RENEWAL TIMING, WITH MANAGEMENT ESTIMATING UNDERLYING GROWTH AT APPROXIMATELY 14–15% • IT, TECHNOLOGY & BPM RECRUITMENT BILLINGS GREW 3% IN Q2, WHILE GLOBAL CAPABILITY CENTRES GREW 7% & OTHER SECTORS INCREASED 18% • AI-FIRST PRODUCTS GENERATED APPROXIMATELY ₹60 CR REVENUE IN Q2, EQUIVALENT TO A ₹240 CR ANNUALIZED RUN-RATE RATHER THAN BOOKED FULL-YEAR REVENUE • AI PRODUCT TRACTION INCLUDED APPROXIMATELY 2,000 AIREX/ARX TRIAL ACCOUNTS & AROUND 750 COMPANIES USING TALENTPULSE • 99ACRES BILLINGS GREW 21% YOY & REVENUE INCREASED 17%, WHILE OPERATING LOSSES NARROWED TO BELOW ₹2 CR FROM ₹23 CR LAST YEAR • 99ACRES GENERATED ₹22 CR OPERATING CASH FLOW, WHILE PROPERTY INQUIRIES INCREASED 33% & APP DAILY ACTIVE USERS GREW 25% YOY • MATCHMAKING BILLINGS GREW 23% YOY, WITH JEEVANSATHI GROWING 18% & AISLE INCREASING 40% • SHIKSHA BILLINGS DECLINED 27% YOY & REVENUE FELL 9%, REFLECTING STRUCTURAL PRESSURE FROM AI-DRIVEN CHANGES IN SEARCH & REFERRAL TRAFFIC • JOBHAI BILLINGS GREW 86% YOY, BUT THE BUSINESS CONTINUES TO REQUIRE INVESTMENT BEFORE ACHIEVING SUSTAINABLE PROFITABILITY • HITESH OBEROI IS EXPECTED TO STEP DOWN AS MANAGING DIRECTOR & CEO ON 2 DECEMBER 2026, WITH SANJEEV BIKHCHANDANI EXPECTED TO ASSUME THE ROLE OF EXECUTIVE VICE CHAIRMAN, MANAGING DIRECTOR & GROUP CEO FROM 3 DECEMBER 2026 • OVERALL OUTLOOK REMAINS POSITIVE, WITH KEY MONITORABLES INCLUDING 14–15% UNDERLYING RECRUITMENT GROWTH, AI PRODUCT RENEWALS, 99ACRES PROFITABILITY, JOBHAI SCALING, SHIKSHA RECOVERY & LEADERSHIP TRANSITION EXECUTION

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