Just Dial Q2 Results: Net Profit Surges 114% YoY to ₹154 Crore, Revenue Rises 9%

Just Dial's stock rose by 4.18%, reaching ₹1,322.65, following the company's impressive 114.61% increase in standalone net profit for Q2 FY25, which surged to ₹154.07 crore, compared to ₹71.79 crore reported in Q2 FY24. 

Just Dial Q2 Results Highlights

Just Dial's shares surged by 4.18%, reaching ₹1,322.65, after reporting a substantial 114.61% increase in standalone net profit for Q2 FY25, amounting to ₹154.07 crore, compared to ₹71.79 crore in Q2 FY24.

The company's revenue from operations grew by 9.29% year-on-year (YoY) to ₹284.83 crore for the quarter ending 30 September 2024. Profit before tax saw a 97.13% rise, reaching ₹181.56 crore in Q2 FY25.

Operating EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) surged by 68.23% to ₹82.10 crore in Q2 FY25, compared to ₹48.80 crore during the same period last year. The EBITDA margin improved significantly to 28.8%, up from 18.7% in Q2 FY24, driven by revenue growth and cost efficiencies.

The company's deferred revenue stood at ₹515.50 crore for the September 2024 quarter, reflecting a 10.1% YoY increase. Additionally, Just Dial's cash and investments grew to ₹4,942.8 crore as of 30 September 2024, up from ₹4,282.2 crore a year earlier.

The platform saw a 15.3% YoY rise in total traffic, reaching 198 million unique visitors, with 85.4% of the traffic coming from mobile platforms. The total number of active listings grew to 46.2 million, marking a 15% YoY and 2.9% quarter-on-quarter (QoQ) increase. Of these, 30.8 million listings were geocoded, a 21.9% YoY increase. Total images in listings increased by 25% YoY, and total ratings and reviews reached 150.3 million, a 3% YoY increase.

As of the end of the quarter, active paid campaigns totaled 598,430, up 6.7% YoY and 1.1% QoQ, with most customers opting for monthly payment plans. For the first half of FY25, Just Dial’s net profit surged 90.27% to ₹295.29 crore, while revenue from operations grew by 11.38% to ₹565.40 crore compared to H1 FY24.

Just Dial Management Commentary

“Just Dial has consistently demonstrated sustainable and profitable growth through a razor-sharp focus on core products and operational efficiency. We’re not only achieving new revenue milestones but are also making significant investments in advanced technologies, including AI, to further enhance the value we deliver to both users and businesses,” said Shwetank Dixit, chief growth officer, Justdial.

The company, in a statement, also said that it has been exploring new digital customer acquisition channels. "Some have shown immense promise and will be scaled in FY25 with increased budget and resource allocation," the company statement said.

About Just Dial

Just Dial Ltd is a company that offers local search services, providing users with information and reviews across various categories, including movies, restaurants, hotels, doctors, electronics, and more. Its categories also cover clubs, hospitals, jobs, real estate, shopping, fitness centers, educational institutions, consultants, petrol pumps, taxis, travel agencies, chemists, ATMs, beauty and spa services, and bookstores, among others. The company delivers these services through multiple platforms, such as the internet, mobile internet, telephone, and SMS.