Just Dial (JUSTDIAL) Q3 24/25 earnings summary

Executive summary

• Operating revenue for Q3 FY25 rose 8.4% year-over-year to Rs 2,873 million, with net profit up 42.7% to Rs 1,313 million and a net profit margin of 36.0%.

• Unique visitors reached 191.2 million in Q3 FY25, up 15.3% year-over-year, with mobile accounting for 86% of traffic.

• Active paid campaigns increased 6% year-over-year to 601,080, and total listings grew 14.2% to 47.5 million.

• Cash and investments at period end stood at Rs 50,627 million, up 14.9% year-over-year.

• Unaudited financial results for the quarter and nine months ended December 31, 2024, were reviewed and approved by the Board and Audit Committee on January 10, 2025.

Financial highlights

• Net revenue from operations for Q3 FY25 was ₹2,873.3 million, up from ₹2,848.3 million in the previous quarter and ₹2,650.5 million year-over-year.

• Net profit for Q3 FY25 was ₹1,313.1 million, compared to ₹1,540.7 million in Q2 FY25 and ₹920.1 million in Q3 FY24.

• Adjusted EBITDA for Q3 FY25 was Rs 867 million, up 43.1% year-over-year, with margin improving to 30.2%.

• Deferred revenue at period end was Rs 5,072 million, up 7.3% year-over-year.

• Total employees declined 9.2% year-over-year to 12,676, with sales employees down 10.5%.

Outlook and guidance

• Management highlights a scalable and profitable business model, strong brand recognition, and continued investment in technology and data enrichment.

• Focus remains on expanding SME reach, enhancing user engagement, and leveraging a prepaid model for financial stability.

• No forward-looking guidance provided; results reflect current performance and regulatory compliance.