Just Dial smashes expectations with stellar Q1 FY25 results

Just Dial Limited (BSE: 535648, NSE: JUSTDIAL), a front-runner in India‘s local search engine market, has unveiled its financial outcomes for the first quarter of the fiscal year 2025, which ended on June 30, 2024. The company’s revenue and profitability have seen substantial growth, underscoring its robust business model and operational efficiency.

Financial Performance Highlights

– Revenue: Just Dial reported a revenue of ₹280.6 crores for Q1-FY25, marking a 13.6% increase year-over-year (YoY).

– EBITDA: The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) soared by 119.8% YoY to ₹80.6 crores, with an EBITDA margin of 28.7%—a significant improvement from 14.9% in the same quarter the previous year.

– Net Profit: Net profit stood at ₹141.2 crores, up 69.3% YoY.

– Cash Reserves: Cash and investments totaled ₹4,755.5 crores as of June 30, 2024, an increase of 14.3% YoY.

The company attributed the remarkable growth in margins to increased top-line growth coupled with enhanced cost efficiencies in employee expenses and other operational costs.

Operational Metrics

– Traffic Metrics: Just Dial’s platform attracted 181.3 million unique visitors in the first quarter, a 5.7% increase YoY. Notably, 85.3% of traffic originated from mobile platforms.

– Listings and User Engagement: Total active listings reached 44.9 million by the end of June 2024, representing an 18.2% increase YoY. The platform also saw a significant rise in images in listings, totaling 198.3 million, a 32.0% YoY increase. Ratings and reviews reached 149.1 million, a 3.1% increase YoY.

– Paid Campaigns: The number of active paid campaigns stood at 591,650, an increase of 7.9% YoY.

Just Dial’s impressive quarter is indicative of a successful adaptation to the evolving digital landscape, marked by significant user growth and a solid financial footing. The company’s focus on mobile platforms aligns well with India’s increasing mobile internet user base, potentially setting the stage for sustained growth.