Just Dial reports Q4 earnings of Rs 115.74 crore, up 16.2% year over year, and a 38.4% increase in profit
Just Dial reported its fiscal fourth quarter profits, showing a profit of Rs 115.74 crore for the period, increasing 38.4% year over year from Rs 83.60 crore in the same period the previous year. It said activities brought in Rs 270.27 crore, up 16.2% from Rs 232.53 crore in the fourth quarter of FY23. EBITDA for the business was Rs 70.6 crore, increasing 111.4% year over year. EBITDA margin increased by 1,176 basis points year over year and 334 basis points quarter over quarter, driven by increases in top line and cost savings on both personnel and other expenditures.
A small fall in bond rates during the quarter helped to boost other revenue, which was up 23.1% YoY and 21.9% QoQ at Rs 91.29 crore (mostly from MTM gains on treasury portfolio and interest income on tax-free bonds).
As of March 31, 2024, cash and investments were Rs 4,625.4 crore, down from Rs 4,066.8 crore and Rs 4,405.3 crore on March 31, 2023 and December 31, 2023, respectively.
Just Dial had 171.1 million unique visitors in total traffic during the quarter, an increase of 3.1% QoQ and 7.4% YoY. While 12.2% of traffic originated on desktop/PC platforms, 3.2% originated on voice platforms, and 84.6% of traffic originated on mobile platforms.
