Just Dial Limited Q3 FY24-25 Results

Just Dial Q3 FY24-25: A Stellar Performance and Strategic Innovations for Growth

Just Dial Limited, India’s leading local search engine, has delivered an impressive financial and operational performance for Q3 FY24-25. The company’s continued focus on innovation, efficiency, and strategic expansion has driven remarkable growth across key metrics.

Financial Highlights

1. Revenue Growth: Just Dial’s operating revenue for Q3 FY24-25 stood at ₹287.3 crores, marking an 8.4% year-on-year (YoY) increase and a 0.9% sequential growth compared to the previous quarter. This highlights the company’s steady upward trajectory.

2. Profitability:

   • EBITDA surged by an impressive 43.4% YoY, reaching ₹86.6 crores. The EBITDA margin improved significantly to 30.1%, reflecting enhanced cost efficiency and effective revenue generation.
   • Net profit jumped 42.7% YoY to ₹131.3 crores, showcasing strong bottom-line performance.

3. Financial Resilience:

   • Cash and investments grew by 14.9% YoY to ₹5,062.7 crores, ensuring robust liquidity.
   • Deferred revenue climbed 7.3% YoY to ₹507.2 crores, signaling increased customer prepayments and sustained demand.

Operational Milestones

• Traffic Growth: Unique visitors totaled 191.2 million, reflecting a 15.3% YoY increase. Mobile platforms accounted for 86% of the traffic, underscoring Just Dial’s focus on mobile-first experiences.
• Active Listings: The total active listings grew 14.2% YoY to 47.5 million, with over 1.29 million net additions in Q3.
• JD Mart Expansion: The B2B marketplace saw continued enhancements, offering digital catalogs and connecting India’s MSMEs with buyers nationwide.

Strategic Innovations

1. JD Mart Growth: The platform’s success in empowering manufacturers, distributors, and retailers aligns with Just Dial’s mission to digitalize India’s MSMEs.
2. Advanced App Features: The All-in-One JD App now integrates features like map-aided search, live TV, videos, stock quotes, and transaction-oriented services, creating a seamless user experience.
3. SME Business Solutions: Just Dial launched end-to-end management solutions to help SMEs transition online, ensuring strong digital footprints and operational efficiency.
4. JD Pay: This innovative payment solution simplifies transactions for users and vendors, enhancing financial convenience.

Management Insights

The management attributed the stellar performance to strategic investments in user experience and digital platforms. They emphasized the company’s transition from a local search engine to a transaction enabler, catering to both B2B and B2C segments.

Conclusion

Just Dial’s Q3 FY24-25 results underscore its robust financial health and strategic foresight. With innovations like JD Mart and SME solutions, the company is well-positioned to sustain growth and lead India’s digital transformation journey. Its commitment to enhancing user experience and enabling transactions promises an exciting future for stakeholders.

Stay tuned for more updates as Just Dial redefines its digital presence and empowers businesses across India.