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Just Dial Zoomed Over 8% After Release of Financial Results for Q4 FY2024

22 April 20243 mins read by Angel One
Just Dial Limited released the financial and operating results for Q4 FY2024, wherein it recorded growth in revenue, earnings, cash and other operational metrics.
Just Dial Zoomed Over 8% After Release of Financial Results for Q4 FY2024
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The leading local search engine company, Just Dial Limited, recently declared its results for the fourth quarter ended March 31, 2024 (Q4 FY2024). The company recorded YoY growth of 16.2% in operating revenue ₹270.3 crore. The operating revenue witnessed a surge of 2.0% on a QoQ basis. Operating EBITDA for the quarter stood at ₹70.6 crore, with a healthy EBITDA margin of 26.1%. In addition, EBITDA margin witnessed a growth of 1,176 bps YoY and 334 bps QoQ on the back of topline growth and cost efficiencies, both on employee costs and other expenses.

During Q4 FY2024, collections stood at ₹305.3 crore, which rose 13.8% year over year. Consequently, Deferred Revenue amounted to ₹507.7 crore, which increased 15.9% year over year. The company closed the quarter with cash and investments of ₹4,625.4 crore as of March 31, 2024, against ₹4,066.8 crore as of March 31, 2023 and ₹4,405.3 crore as of December 31, 2023.

The following tables provide an overview of the company’s results for FY 2024:

Metric (In ₹ crore, Unless Stated ) FY2024 FY2023 YoY Change 
Operating Revenue 1,042.9 844.8 23.5%
Operating EBITDA 216.5 86.0 151.9%
Operating EBITDA Margin 20.8% 10.2% 1,058 Bps
Net Profit 362.8 162.9 122.7%
Net Profit Margin 26.9% 16.5% 1,040 Bps

With 171.1 million unique visitors for the quarter, total traffic increased by 3.1% QoQ and 7.4% YoY. 12.2% of traffic came from desktop/laptop computers, 3.2% via voice platforms, and 84.6% from mobile platforms. As of March 31, 2024, there were 43.6 million active listings worldwide, up 4.7% quarter over quarter and 19.3% year over year. During the quarter, 19,42,275 listings were added (net) to the database. As of March 31, 2024, 28.5 million listings—a 27.6% YoY increase—had been geocoded out of all listings. 188.5 million images were total in listings, up 7.3% QoQ and 35.4% YoY.

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. On April 18, 2024, the shares of the company opened at ₹953.55 and touched the day high of ₹ 985.00 at 09:35 AM.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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