Just Dial (JUSTDIAL) Q1 24/25 earnings summary

Executive summary

• Operating revenue for Q1 FY25 reached INR 2,806 crore, up 13.6% year-over-year and 3.8% sequentially.

• Net profit surged 69.3% year-over-year to INR 1,412 crore, with net profit margin expanding to 38.4%.

• Unique quarterly visitors reached 181.3 million, up 5.7% year-over-year, with mobile accounting for 85.3% of traffic.

• Active paid campaigns rose 8% year-over-year to 591,650, and total listings grew 18.2% to 44.9 million.

• Unaudited financial results for the quarter ended June 30, 2024, were reviewed and approved by the Board on July 16, 2024.

Financial highlights

• Absolute EBITDA more than doubled year-over-year to INR 80.6 crore, with margin improving to 28.7%.

• Operating PBT was INR 67 crore, up 171.4% year-over-year and 19.6% sequentially.

• Other income normalized at INR 86.9 crore, with fair value gains on financial instruments of INR 79.09 crore.

• Deferred revenue grew 11.1% year-over-year to INR 500 crore.

• Cash and investments stood at INR 4,755 crore, up 14.3% year-over-year.

Outlook and guidance

• Management targets mid-teens+ top-line growth and 25%+ EBITDA margins.

• Focus on expanding SME engagement, enriching listings, and leveraging technology for scalable growth.

• Emphasis on maintaining profitability and operational efficiency while investing in product and platform enhancements.

• EBITDA margins are expected to be sustainable, with minor quarter-to-quarter volatility.

• No explicit revenue guidance, but focus remains on steady growth in both top and bottom line.