Just Dial released its fiscal fourth quarter earnings with profit for the period at Rs 115.74 crore, up 38.4 per cent on-year in comparison to Rs 83.60 crore during the same period last year. It posted revenue from operations at Rs 270.27 crore, up 16.2 per cent as against Rs 232.53 crore during the fourth quarter of FY23. The company EBITDA stood at Rs 70.6 crore, up 111.4 per cent YoY. EBITDA margin witnessed 1,176 bps YoY and 334 bps QoQ expansion, led by top line growth and cost efficiencies, both on employee costs and other expenses.
Meanwhile, other income (primarily MTM gains on treasury portfolio and interest income on tax-free bonds) stood at Rs 91.29 crore (up 23.1 per cent YoY), up 21.9 per cent QoQ, aided by slight decline in bond yields during the quarter.
Cash and investments stood at Rs 4,625.4 crore as on March 31, 2024 as compared to Rs 4,066.8 crore as on March 31, 2023 and Rs 4,405.3 crore as on December 31, 2023.
In terms of total traffic, Just Dial’s unique visitors for the quarter stood at 171.1 million, up 7.4 per cent YoY and 3.1 per cent QoQ. While 84.6 per cent traffic originated on mobile platforms, 12.2 per cent on desktop/ PC, 3.2 per cent originated on voice platform.