Just Dial Q3 PAT declines 61% yoy to Rs19.4cr, revenue down 6.3% yoy

19 Jan 2022 , 09:57 AM

Just Dial Limited, India’s leading local search engine company, on Tuesday announced its financial and operating results for its third fiscal quarter ending December 31, 2021.

Total Operating Revenue stood at Rs158.9cr, down 6.3% yoy and up 1.9% qoq. Adjusted Operating EBITDA, excluding ESOP expenses, stood at Rs10cr. The Company has ramped up hiring across critical functions such as technology, content, sales, and marketing teams which has resulted in higher employee expenses. In the sales department, headcount was up 18.3% qoq.

“These investments should result in superior product offerings and higher monetization going forward,” the company said in a filing on Tuesday.

Net Profit for Q3FY22 stood at Rs19.4cr, down 61.2% yoy from Rs49.9cr in Q3FY21. Other income stood at Rs28.6cr for the quarter. Deferred Revenue stood at Rs325.7cr, down 2.6% qoq (due to higher focus on monthly payment plans during the quarter) and up 6.7% yoy. Cash and Investments stood at Rs3,769cr as on December 31, 2021 compared to Rs1,509.6cr as on December 31, 2020 and Rs3,773.4cr as on September 30, 2021.

At around 10.00 am, Just Dial Ltd was trading at Rs829.45 per share down Rs10.10 or 1.20% from its previous closing of Rs839.55 per share on the BSE.

Business Highlights for Q3FY22

• Total Traffic (Unique Visitors) for the quarter stood at 142.7 million, up 7.7% yoy and down 4.6% qoq. 84.2% traffic originated on Mobile platforms, 11.4% on Desktop/ PC and 4.4% on our Voice platform.
• Total Active Listings stood at 31.4 million as on December 31, 2021, an increase of 4% yoy and 1.3% qoq. 413,100 listings were added (net) to the database during the quarter. Out of total listings, 17.9 million listings were geocoded as on December 31, 2021, up 4.1% yoy. Total Images in listings stood at 113.4 million, up 13.8% yoy and up 3.4% qoq.
• Total Ratings & Reviews stood at 125.3 million at the end of quarter, up 9.2% yoy.
• Active Paid Campaigns at the end of quarter stood at 437,335, drop of 3.6% yoy and up 1.5% qoq.