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Just Dial Q3 Results | Net profit jumps 43% to ₹131 crore, revenue up 8% to ₹287 crore

Just Dial Q3 Results | Net profit jumps 43% to ₹131 crore, revenue up 8% to ₹287 crore

Local search engine Just Dial Ltd on Friday (January 10) reported a 42.7% year-on-year (YoY) jump in net profit at ₹131.3 crore for the third quarter that ended December 31, 2024.

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In the corresponding quarter of the previous fiscal, Just Dial posted a net profit of ₹92 crore, the company said in a regulatory filing. The company’s revenue from operations increased 8.4% to ₹287.3 crore against ₹265 crore in the year-ago period.

At the operating level, EBITDA jumped 44% to ₹86.6 crore in the third quarter of this fiscal over ₹60.2 crore in Q3 of the previous fiscal. The EBITDA margin stood at 30.1% in the reporting quarter versus 22.7% in the corresponding period in FY24. EBITDA is earnings before interest, tax, depreciation, and amortisation.

Also Read: Just Dial shares jump 20% to the highest in eight years after strong margins drive Q1 beat

Just Dial reported a 3.4% year-on-year rise in other income to ₹77.4 crores, though it declined 31.9% sequentially due to higher mark-to-market gains on the treasury portfolio in the preceding quarter.

Profit before tax stood at ₹149.2 crore, up 23.3% year-on-year. The effective tax rate for the first nine months of FY25 was 12%, lower than the previous year due to the reversal of deferred tax on treasury movements. Deferred revenue grew 7.3% YoY to ₹507.2 crores.

Cash and investments reached ₹5,062.7 crores as of December 31, 2024, compared to ₹4,405.3 crore a year ago and ₹4,942.8 crore in the previous quarter. Total traffic for the quarter was 191.2 million unique visitors, up 15.3% YoY but down 3.5% sequentially due to the festive season’s impact.

Also Read: Just Dial Q2 Results: Other income aids profit growth, lower expenses help margin expansion

Mobile platforms accounted for 86% of traffic, while desktop/PC contributed 11.2% and voice platforms 2.8%. Active listings totalled 47.5 million, a 14.2% year-on-year and 2.8% sequential increase, with 1.29 million net additions during the quarter.

Geocoded listings rose 20.4% year-on-year to 31.8 million, while total images in listings grew 23% year-on-year to 216 million. Ratings and reviews reached 151.4 million, a 3% year-on-year increase, and active paid campaigns grew 6% YoY to 601,080, with a marginal 0.4% sequential increase.

Shwetank Dixit, Chief Growth Officer, Justdial, said, “Our focus remains on driving top-line growth while maintaining operational efficiency, as reflected in our Q3 results. By enhancing our offerings for users and providing businesses with easy-to-use, advanced tools, we are creating sustainable growth for all stakeholders.”

Also Read: PCBL Chemical Q3 Results | Net profit slides 39%, revenue up 21%; declares dividend of ₹5.50

The results came after the close of the market hours. Shares of Just Dial Ltd ended at ₹1,026.85, down by ₹48.10, or 4.47%, on the BSE.

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