Just Dial (JUSTDIAL) Q2 24/25 earnings summary

Executive summary

• Achieved strong growth in Q2 FY25 with operating revenue up 9.3% year-over-year to Rs 2,848 million and net profit up 114.6% to Rs 1,541 million.

• Unique quarterly visitors reached 198.0 million, up 15.3% year-over-year, with mobile traffic comprising 85.4% of total visitors.

• Active paid campaigns increased 6.7% year-over-year to 598,430, and total listings grew 15% to 46.2 million.

• Unaudited financial results for the quarter and half year ended September 30, 2024, were reviewed and approved by the Board and Audit Committee on October 11, 2024.

• Results prepared in accordance with Ind AS and SEBI regulations.

Financial highlights

• Operating revenue for Q2 FY25 was Rs 2,848 million, up 9.3% year-over-year and 1.5% sequentially.

• Net profit for Q2 FY25 was Rs 1,541 million, more than double the Rs 717.9 million in Q2 FY24.

• Adjusted EBITDA (excluding ESOP expenses) rose 69.1% year-over-year to Rs 821 million, with margin expanding to 28.8%.

• Other income increased 96.1% year-over-year to Rs 1,136 million, driven by higher mark-to-market gains on treasury portfolio.

• Basic and diluted EPS for Q2 FY25 stood at Rs 18.12, up from Rs 8.44 in Q2 FY24.

Outlook and guidance

• Management highlights a scalable and profitable business model, with continued focus on expanding SME reach and enhancing technology platforms.

• Emphasis on leveraging strong brand recognition and advanced technology to drive further growth.

• No consolidated financials required as the only subsidiary was dissolved in June 2024.