The Reliance Retail owned company’s profits declined 14.3% on a sequential basis from INR 153.52 Cr
Justdial’s top line expanded both on a year-on-year (YoY) and quarter-on-quarter (QoQ) basis
Meanwhile, EBITDA rose 43.4% YoY to INR 86.6 Cr, while EBITDA margin expanded to 30.1% from 22.8% in the year-ago quarter
Reliance Retail-owned hyperlocal search engine Justdial’s net profit surged 42.7% to INR 131.50 Cr in the quarter ended December 31, 2024 (Q3 FY25) from INR 92.11 Cr in the same quarter last year.
However, profit declined 14.3% on a sequential basis from INR 153.52 Cr.
Justdial’s top line expanded both on a year-on-year (YoY) and quarter-on-quarter (QoQ) basis. The company’s net revenue from operations stood at INR 287.33 Cr in Q2 FY25, up 8.4% YoY and 0.9% QoQ. The company claims that this is its “highest ever” quarterly revenue.
Including other income of INR 77.41 Cr, the company’s total income for the quarter stood at INR 364.74 Cr.
Its EBITDA rose 43.4% YoY to INR 86.6 Cr, while EBITDA margin expanded to 30.1% from 22.8% in the year-ago quarter.
Further, Justdial said that its total traffic in the quarter rose 15.3% YoY to 19.12 Cr. However, it declined 3.5% QoQ. The company said this decrease was on expected lines due to “impact of festival weeks” during the quarter.
In its reasoning for the sequential decline, Justdial said that the dip was on expected lines due to “impact of festival weeks” during the quarter.
“Our focus remains on driving top line growth while maintaining operational efficiency, as reflected in our Q3 results. By enhancing our offerings for users and providing businesses with easy-to-use, advanced tools, we are creating sustainable growth for all stakeholders. Stories of growth of small and medium businesses through Justdial continues to inspire us to keep pushing boundaries and unlock opportunities for MSMEs,” Justdial’s chief growth officer Shwetank Dixit said.
As of December 31, 2024, the total number of businesses listed on Justdial stood at 4.75 Cr.
This marked a 14.2% YoY and 2.8% QoQ uptick.
The company attributed the increase in its revenue in the quarter to its focus on enriching platform content to drive traffic. It said that the quarter saw the implementation of various strategies, including creation of in-depth information, comprehensive catalogues, buying guides and price ranges for different services.
“Out of total listings, 3.18 Cr listings were geocoded as on December 31, 2024, up 20.4% YoY. Total Images in listings stood at 21.60 Cr, up 23.0% YoY and 4.6% QoQ,” the company claimed.
In addition, the company said that it has undertaken a new sales strategy in the quarter under which it is moving away from cold calling to a targeted and multiplatform approach, using social media, email, messaging apps, and in-platform interactions to engage businesses at various stages of the buying journey.
With this, Justdial’s aim is to achieve a cost-effective sales process by building channels of high potential leads.
A Look At Justdial’s Expenses
The company managed to trim its expenses to INR 215.57 Cr in the quarter, down 1.6% YoY and 0.6% QoQ.
Employee Expenses: This was the biggest expense for the company. In Q3, Justdial spent INR 173.17 Cr on its employees, down 3% from INR 178.51 Cr in the year-ago quarter.
Other Expenses: Under this head, the company’s spending rose 5.3% to INR 27.56 Cr from INR 26.17 Cr in the year-ago quarter.
Shares of the company ended 3.75% lower than the previous close at INR 1,034.60.
