Just Dial jumps over 14% on Thursday morning after Q4 net profit jumps 37.9%

Just Dial shares jumped over 14% on Thursday morning after the company announced its fourth quarter and fiscal year 2024 results. Just Dial registered a 16.2% year-over-year (y-o-y) increase in its fourth quarter revenue at ₹270.3 crore while its net profit rose 37.9% to ₹115.60 crore during the quarter.

Other income, that primarily include marked-to-market (MTM) gains on treasury portfolio and interest income on tax-free bonds, stood at ₹ 91.3 crore, up 23.1% y-o-y, aided by slight decline in bond yields during the quarter, the company said.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 111.4% y-o-y to ₹70.6 crore while EBITDA margin improved to 26.1% compared to 14.4% in the same period a year ago.

The company said collections stood at ₹305.3 crore, up 13.8% y-o-y. Deferred revenue stood at ₹507.7 crore, up 15.9% y-o-y.

Just Dial pointed out that total traffic during the quarter improved 7.4% y-o-y to 17.1 crore during the quarter with 84.6% traffic originating on mobile platforms, 12.2% on desktop/ PC and 3.2% on our voice platform.

Total active listings stood at 4.36 crore as on March 31, 2024, recording an increase of 19.3% y-o-y and 4.7% quarter-on-quarter (q-o-q), the company said. Over 19.42 lakh listings were added on a net basis to the database during the quarter.

Out of total listings, 2.85 crore listings were geocoded as on March 31, 2024, up 27.6% y-o-y. Total images in listings stood at 18.85 crore, up 35.4% y-o-y and 7.3% q-o-q. Total ratings and reviews stood at 14.8 crore at the end of quarter, up 3.5% y-o-y.

Active paid campaigns at the end of quarter stood at over 5.83 lakh, up 8.4% y-o-y and 3% q-o-q. Just Dial said that focus continues on signing up the majority of customers on monthly payment plans.

Shares of Just Dial have gained over 20% since the beginning of the year. The stock has risen over 45% in the last one year.