Just Dial Limited reports robust financial growth in Q3FY24

In an impressive display of financial performance, Just Dial Limited, India’s premier local search engine company, has announced its financial and operating results for the third quarter ended December 31, 2023 (Q3FY24), showcasing substantial growth. The key highlights of the report indicate a solid upward trajectory in the company’s financial health.

The third quarter of fiscal year 2024 (3Q-FY24) saw Just Dial’s revenue reaching ₹ 265.0 Crores, marking an impressive 19.7% increase year-over-year (YoY). This growth is a testament to the company’s robust business model and strategic initiatives.

One of the most significant improvements was observed in EBITDA, which stood at ₹ 60.4 Crores, soaring up by 122.8% YoY. The EBITDA margin also expanded by 1054 basis points YoY to 22.8%, reflecting the company’s efficient cost control measures and operational excellence.

Profit Before Taxes (PBT) for Just Dial witnessed a remarkable 38% YoY growth, reaching ₹ 120.9 Crores. This was complemented by a substantial 22.3% increase in Net Profit, which stood at ₹ 92.0 Crores. The company’s ability to enhance its profitability amidst a dynamic market environment speaks volumes about its strategic planning and execution.

Another notable aspect of Just Dial’s financial health is its Deferred Revenue, which saw a 17.5% YoY increase, reaching ₹ 472.7 Crores as of December 31, 2023. This growth indicates a strong future revenue pipeline, essential for sustained business growth.

In addition to these financial achievements, Just Dial reported a significant increase in its Cash and Investments, which stood at ₹ 4,405.3 Crores as of the end of the third quarter, marking a 12.0% YoY increase. This robust financial position provides the company with a solid foundation to pursue further growth and expansion strategies.

From a business perspective, Just Dial’s operational metrics also showed promising trends. The total active listings reached a staggering 41.6 million, with the Active Paid Campaigns rising to 566,955, up by 8.6% YoY. These figures not only demonstrate the company’s expanding market reach but also its growing influence in the digital space.

The traffic statistics further underscore Just Dial’s growing popularity and user engagement. The total traffic for the quarter stood at 165.9 million unique visitors, with a significant portion originating from mobile platforms. This shift towards mobile usage highlights the evolving consumer behavior and Just Dial’s successful adaptation to these changes.

The success of Just Dial in the third quarter of fiscal 2024 is a clear indicator of the company’s strong market position and its ability to navigate through challenging economic conditions. With its continued focus on innovation and customer satisfaction, Just Dial is well-positioned to maintain its growth trajectory and strengthen its leadership in the digital space.

As Just Dial marches ahead in 2024, it stands as a shining example of corporate resilience and strategic foresight, setting benchmarks for others in the industry to follow. With its impressive third-quarter performance, Just Dial is not just a company to watch but a leader paving the way in the digital era.