Just Dial shares zoom 20% on appointment of new CEO and CFO; check Q1 performance

The company also announced the appointment of a new Chief Executive Officer (CEO) and a Chief Financial Officer (CFO).

The scrip has gained 17% over the week but lost 12% on a year-to-date basis. While the scrip hit a 52-week high of ₹957.90 on July 15, 2025, it touched a year’s low of ₹480.50 apiece on March 30, 2026.

New appointments

In a regulatory filing dated Friday, the firm said that its board of directors has approved the appointment of Dinkar Ayilavarapu as the designated CEO and Key Managerial Personnel of the company with effect from July 10, 2026.

“He shall take over as Chief Executive Officer and Key Managerial Personnel of the Company effective August 1, 2026,” the filing added.

Furthermore, V.S.S. Mani, the company’s current CEO and Managing Director, will complete his term on July 31, 2026.

Just Dial’s board also approved the appointment of Dinesh Taluja as the CFO and Key Managerial Personnel with effect from Saturday, July 11, 2026.

Q1 performance

The internet technology firm reported a 4.1% year-on-year (YoY) increase in its net profit to ₹166.22 crore in the June quarter of FY27, compared with ₹159.65 crore in the year-ago period.

Its net revenue from operations soared 9.9% YoY to ₹327.47 crore during the quarter under review, as against ₹297.86 crore in the first quarter of the 2025-26 fiscal year (Q1 FY26).

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation) stood at ₹87.4 crore in Q1 FY27, marking a 1.1% YoY rise from ₹86.4 crore in the corresponding period of FY26.

It posted a healthy EBITDA margin of 26.7%. However, it was down by 233 basis points (bps) from 29% in the June quarter of FY26.

It clocked advertising spends of approximately ₹10.2 crore during the quarter.

Additionally, its traffic (Quarterly Unique Visitors) for the reporting quarter stood at 192.9 million users, the company said, adding that the traffic was down 0.2% YoY but up 5.8% quarter-on-quarter (QoQ), with 86.5% traffic originating on mobile platforms, 10.6% on Desktop or PC, and 2.9% on its voice platform.

Just Dial recorded 56.1 million total active listings as of June 30, 2026, an increase of 13.0% YoY and 2.7% QoQ. Furthermore, it added 1,467,180 listings (net) to the database during the quarter.

“Out of total listings, 41.7 million listings were geocoded as on June 30, 2026, up 19.7% YoY. Total Images in listings stood at 262.9 million, up 14.1% YoY and 2.6% QoQ,” it said.

Its cash and investments were at ₹6,022.1 crore as on June 30, 2026, compared to ₹5,429.8 crore as on June 30, 2025 and ₹5,852.2 crore as on March 31, 2026, it stated.

What the management said

Commenting on the development, Shwetank Dixit, Chief Growth Officer of Just Dial, said: “We started FY27 on a strong note, with revenue growing 6.6%QoQ, our fastest sequential growth in a decade outside the post-COVID recovery period. This performance reflects focused execution across our core business, alongside sustained investment in technology capabilities that are now translating into tangible outcomes.”

She stated that AI has emerged as a genuine force multiplier for both user experience and business productivity, adding that the company’s AI voice agents are helping it understand user intent and qualify leads with far greater precision, resulting in stronger buyer-seller matches.

“We’ve also deployed AI agents across our sales workflows to sharpen lead nurturing, freeing our sales teams to focus on the highest-intent opportunities. Cataloguing, listing verification, and customer support are other areas where AI is helping us manage scale and complexity, enabling richer business information and faster issue resolution for our users,” Dixit said.

The company has been extending the AI capabilities to its merchant ecosystem as well, from helping businesses create richer content to automating customer interactions. Its goal, Dixit stated, has been to make AI accessible to millions of MSMEs, so that businesses of every size can unlock the power of intelligent tools.

“This quarter, we also introduced the JD Mart Super Sixer Pack, a suite of premium benefits giving Bharat’s B2B sellers greater visibility and confidence, from a highly qualified lead bank to premium 3D catalogues. This reflects Justdial’s continued ambition to build the preferred platform for B2B commerce in India,” Dixit added.

Just Dial has a total market capitalisation of ₹5,413.80 crore as of July 13, 2026, according to data on the NSE.