April 17, 2024

BSE Limited

Department of Corporate

Services

Listing Department

P J Tower, Dalal Street,

Mumbai - 400001

Scrip Code: 535648

National Stock Exchange of

Metropolitan Stock Exchange

India Limited

of India Limited

Listing Department

205(A), 2nd Floor,

Exchange Plaza, Plot no. C/1,

Piramal Agastya Corporate Park,

G Block, Bandra-Kurla Complex,

L.B.S Road, Kurla (West),

Bandra (East), Mumbai - 400051

Mumbai - 400070

Scrip Symbol: JUSTDIAL

Scrip Symbol: JUSTDIAL

Dear Sirs,

Sub: Press Release - Financial Results (Consolidated and Standalone) for the quarter and year ended March 31, 2024

Press Release of the Company in respect of Financial Results of the Company for the quarter and year ended March 31, 2024 is enclosed herewith.

The Financial Results for the fourth quarter and year ended March 31, 2024, approved by the Board of Directors and the Press Release thereon will also be available on the Company's website www.justdial.com.

We request you to take the above on record.

Thanking you,

Yours truly,

For Just Dial Limited

MANAN YOGENDRA UDANI

Digitally signed by MANAN YOGENDRA UDANI

Date: 2024.04.17 21:23:56 +05'30'

Manan Udani Company Secretary

Encl: As above

Earnings Release

JUST DIAL ANNOUNCES RESULTS FOR QUARTER ENDED MARCH 31, 2024

Mumbai, India - April 17, 2024: Just Dial Limited (BSE: 535648, NSE: JUSTDIAL), India's leading local search engine company, today announced its financial and operating results for its fourth quarter ended March 31, 2024. Following are the key highlights:

  • 4Q-FY24Revenue stood at ₹ 270.3 Crores, up 16.2% YoY
  • EBITDA stood at ₹ 70.6 Crores, up 111.4% YoY; EBITDA Margin at 26.1% (vs. 14.4% in 4Q-FY23)
  • PBT stood at ₹ 147.3 Crores, up 53.5% YoY; Net Profit at ₹ 115.6 Crores, up 37.9% YoY
  • Traffic (Quarterly Unique Visitors) in 4Q-FY24 stood at 171.1 million users
  • Active Paid Campaigns stood at 583,690 (up 8.4% YoY), addition of 16,735 campaigns QoQ
  • Cash and Investments stood at ₹ 4,625.4 Crores as on March 31, 2024, up 13.7% YoY

Financial Highlights for Fiscal 2024 Fourth Quarter (4Q-FY24)

  • Operating Revenue & EBITDA: Operating Revenue stood at ₹ 270.3 Crores, up 16.2% YoY & 2.0% QoQ. Operating EBITDA stood at ₹ 70.6 Crores, with healthy EBITDA margin of 26.1%. EBITDA Margin witnessed 1,176 bps YoY and 334 bps QoQ expansion, led by topline growth and cost efficiencies, both on employee costs and other expenses.
  • Other Income (primarily MTM gains on treasury portfolio and interest income on tax-free bonds) stood at ₹ 91.3 Crores (up 23.1% YoY), up 21.9% QoQ, aided by slight decline in bond yields during the quarter.
  • Profit Before Taxes stood at ₹ 147.3 Crores, up 53.5% YoY and Net Profit stood at ₹ 115.6 Crores, up 37.9% YoY.
  • 4Q-FY24Collections stood at ₹ 305.3 Cr, up 13.8% YoY. Consequently, Deferred Revenue stood at ₹ 507.7 Crores, up 15.9% YoY.
  • Cash and Investments stood at ₹ 4,625.4 Crores as on March 31, 2024 compared to ₹ 4,066.8 Crores as on March 31, 2023 and ₹ 4,405.3 Crores as on December 31, 2023.

Business Highlights for Fiscal 2024 Fourth Quarter (4Q-FY24)

  • Total Traffic (Unique Visitors) for the quarter stood at 171.1 million, up 7.4% YoY and 3.1% QoQ. 84.6% traffic originated on Mobile platforms, 12.2% on Desktop/ PC and 3.2% on our Voice platform.

Earnings Release

  • Total Active Listings stood at 43.6 million as on March 31, 2024, an increase of 19.3% YoY and 4.7% QoQ. 1,942,275 listings were added (net) to the database during the quarter. Out of total listings, 28.5 million listings were geocoded as on March 31, 2024, up 27.6% YoY. Total Images in listings stood at 188.5 million, up 35.4% YoY and 7.3% QoQ.
  • Total Ratings & Reviews stood at 148.0 million at the end of quarter, up 3.5% YoY.
  • Active Paid Campaigns at the end of quarter stood at 583,690 up 8.4% YoY and 3.0% QoQ. Focus continues on signing up majority of customers on monthly payment plans.

JUST DIAL LTD - 4Q FY24 (Quarter ended March 31, 2024) PERFORMANCE SUMMARY

Metric

Unit

4Q FY24

4Q FY23

YoY

3Q FY24

QoQ

change

change

Operating Revenue

(₹ million)

2,703

2,325

16.2%

2,650

2.0%

Operating EBITDA

(₹ million)

706

334

111.4%

604

16.9%

Operating EBITDA Margin

%

26.1%

14.4%

1,176 bps

22.8%

334 bps

Adjusted EBITDA (excl. ESOP expenses)

(₹ million)

707

356

98.5%

606

16.8%

Adjusted EBITDA Margin (excl. ESOP expenses)

%

26.2%

15.3%

1,084 bps

22.8%

332 bps

Other Income

(₹ million)

913

742

23.1%

749

21.9%

Profit Before Taxes

(₹ million)

1,473

960

53.5%

1,210

21.8%

Net Profit

(₹ million)

1,156

838

37.9%

920

25.6%

Net Profit Margin*

%

32.0%

27.3%

465 bps

27.1%

490 bps

Deferred Revenue (period end)

(₹ million)

5,077

4,382

15.9%

4,727

7.4%

Cash & Investments (period end)

(₹ million)

46,254

40,668

13.7%

44,053

5.0%

Unique Visitors^

(million)

171.1

159.3

7.4%

165.9

3.1%

- Mobile

(million)

144.7

137.2

5.4%

141.2

2.4%

- Desktop/ PC

(million)

20.8

16.6

25.3%

19.1

9.1%

- Voice

(million)

5.6

5.5

2.3%

5.6

0.8%

- Mobile

% share

84.6%

86.1%

-157 bps

85.2%

-58 bps

- Desktop/ PC

% share

12.2%

10.4%

173 bps

11.4%

66 bps

- Voice

% share

3.2%

3.5%

-16 bps

3.4%

-8 bps

Total Listings (period end)

(million)

43.6

36.5

19.3%

41.6

4.7%

Net Listings Addition

1,942,275

1,483,553

30.9%

1,404,614

38.3%

Total Images in Listings (period end)

(million)

188.5

139.2

35.4%

175.7

7.3%

Listings with Geocodes (period end)

(million)

28.5

22.3

27.6%

26.4

7.7%

Earnings Release

Ratings & Reviews

(million)

148.0

143.0

3.5%

147.0

0.7%

Paid campaigns (period end)

583,690

538,220

8.4%

566,955

3.0%

Total App Downloads (period end)

(million)

36.4

33.1

10.2%

35.8

1.6%

- Android

(million)

32.1

29.2

9.8%

31.6

1.6%

- iOS

(million)

3.5

3.0

17.2%

3.4

2.7%

- Others

(million)

0.8

0.8

0.0%

0.8

0.0%

App Downloads per day

7,106

8,272

-14.1%

7,660

-7.2%

Total Employees (period end)

12,834

15,320

-16.2%

13,954

-8.0%

- Sales Employees (period end)

9,816

11,590

-15.3%

10,906

-10.0%

JUST DIAL LTD - FY24 (Fiscal Year ended March 31, 2024) PERFORMANCE SUMMARY

Metric

Unit

FY24

FY23

YoY

YoY%

change

change

Operating Revenue

(₹ million)

10,429

8,448

1,981

23.5%

Operating EBITDA

(₹ million)

2,165

860

1,305

151.9%

Operating EBITDA Margin

%

20.8%

10.2%

1,058 bps

Adjusted EBITDA (excl. ESOP expenses)

(₹ million)

2,161

955

1,206

126.3%

Adjusted EBITDA Margin (excl. ESOP expenses)

%

20.7%

11.3%

942 bps

Other Income

(₹ million)

3,055

1,419

1,635

115.2%

Profit Before Taxes

(₹ million)

4,665

1,880

2,784

148.1%

Net Profit

(₹ million)

3,628

1,629

1,999

122.7%

Net Profit Margin*

%

26.9%

16.5%

1,040 bps

Deferred Revenue (period end)

(₹ million)

5,077

4,382

695

15.9%

Cash & Investments (period end)

(₹ million)

46,254

40,668

5,586

13.7%

^ Unique visitors are aggregated across various mediums - Voice, Desktop/ PC, Mobile; these may not necessarily be mutually exclusive.

  • Net Profit Margin is calculated as Net Profit (Profit After Taxes) as a percentage of Total Revenue (Operating Revenue + Other Income) for the period.

About Just Dial Limited

Just Dial Limited provides local search related services to users in India through multiple platforms such as desktop and mobile website (https://www.justdial.com), mobile apps (Android & iOS), and over the telephone (Voice, pan India number 88888-88888). Justdial's latest version of JD App, is an All-in-One App, replete with features like Map-aided Search, Live TV, Videos, Stock quotes, etc to make the life of the consumer infinitely smoother & more engaging.

Earnings Release

The Company has launched its B2B marketplace platform, JD Mart. JD Mart platform, available at https://www.jdmart.comand via apps on Play Store and App Store, is aimed at enabling millions of India's manufacturers, distributors, wholesalers, retailers to become internet-ready in post-COVID era, get new customers and sell their products online. The platform offers digital product catalogues to businesses and aims at digitalising India's businesses, especially MSMEs, across categories. Buyers can discover quality vendors offering a wide selection of products to choose from, spread across millions of categories to suit all B2B needs.

Justdial has also initiated transaction-oriented services for its users. These services aim at making several day-to-day tasks conveniently actionable and accessible to users from one App. With this step, Justdial is transitioning from being purely a provider of local search and related information to being a direct/ indirect enabler of such transactions. Justdial has also recently launched an end-to-end business management solution for SMEs, through which it intends to transition thousands of SMEs to efficiently run business online and have their adequate online presence via their own website, mobile site. Apart from this, Justdial has also launched JD Pay, a unique solution for quick digital payments for its users and vendors.

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Disclaimer

Just Dial Ltd. published this content on 17 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 April 2024 16:07:01 UTC.