Just Dial shares tumble 10%, slip below ₹1,000 mark after Q3 results; check key numbers

On Friday, the stock settled at ₹1,034.60. The scrip's 52-week low level is ₹769.85, which was touched on March 20, 2024.

The company reported a 42.7% increase in consolidated net profit at ₹131.31 crore for the quarter under review.

It reported a net profit of ₹92.01 crore in the October-December period a year ago, according to a regulatory filing from Just Dial, now controlled by Reliance Retail Ventures Ltd.

Total expenses were at ₹215.57 crore, down 1.55% from the year-ago period. Total income during the quarter under review stood at ₹364.74 crore, up 7.3%.

Commenting on the results, Chief Growth Officer Shwetank Dixit said Just Dial's focus remains on driving top-line growth while maintaining operational efficiency.

"By enhancing our offerings for users and providing businesses with easy-to-use, advanced tools, we are creating sustainable growth for all stakeholders," Dixit said.

During the quarter, the company prioritised empowering SMEs by introducing tools designed to simplify campaign management and streamline lead conversion processes.

Its operating EBITDA for the December quarter stood at ₹86.6 crore, with an EBITDA margin of 30.1%. EBITDA margin witnessed 735 bps YoY expansion, led by both topline growth and cost efficiencies (operating expenses declined 1.9% YoY). Advertising spending stood at around ₹6.5 crore.

EBITDA stands for earnings before interest, taxes, depreciation, and amortisation.

Further, total traffic (unique visitors) for the quarter stood at 191.2 million, up 15.3% YoY and down 3.5% QoQ.

"The sequential decline was on expected lines due to the impact of festival weeks during the quarter. 86.0% of traffic originated on mobile platforms, 11.2% on desktop/PC, and 2.8% on our voice platform. Content enrichment and initiatives towards better user experience are resulting in healthy organic traffic growth, which augurs well for the business," Just Dial said in its earnings release.

About Just Dial Limited

Just Dial Limited provides local search-related services to users in India through multiple platforms such as desktop and mobile websites, mobile apps (Android & iOS), and over the telephone. "Justdial’s latest version of JD App is an all-in-one app, replete with features like map-aided search, live TV, videos, stock quotes, etc., to make the life of the consumer infinitely smoother & more engaging," the company says.

Just Dial stock performance

Shares of Just Dial have rallied over 7% in the past year.