Analysts/Institutional Investor Meet/Con. Call Updates

AI summary - Q2 FY27 standalone billings grew 13% YoY; revenue grew 13% to Rs.842 Cr; operating profit grew 30% to Rs.347 Cr with 41% margin, up 541 bps YoY - Recruitment billings grew 13% in Q2; underlying growth estimated at 14-15%; AI products contributed Rs.60 Cr revenue in Q2, annualized Rs.240 Cr - 99acres billings grew 21%, revenue 17%; operating losses reduced 93%; cash from operations Rs.22 Cr - Matchmaking billings grew 23%; segment near breakeven; Jeevansathi profitable, Aisle growing fast - Shiksha billings declined 27%, revenue down 9%; pivot underway to domestic counselling and new geographies - CEO transition: Hitesh Oberoi stepping down Dec 2; Sanjeev Bikhchandani to become Group CEO from Dec 3, subject to shareholder approval - AI adoption focus: penetration, usage, and monetization with high-margin AI-Rex and Talent Pulse products - Recruitment growth driven by replacement demand; GCC and other sectors growing; jobseeker paid subscribers at 2.7% - 99acres expanding new project listings and app usage; marketing spend down 13% YoY with higher enquiries - Job Hai growing 86% but still small; burn ~Rs.45 Cr/year; break-even expected at Rs.100-125 Cr revenue - Management confident in leadership depth and AI-driven innovation for long-term growth