- Net profit for the quarter also saw a substantial boost, reaching Rs 71.8 Crore, representing a 37.5% YoY increase
- 2.2 million new businesses added during the quarter
Just Dial Limited, India's no.1 Hyper-local business search engine, has once again demonstrated its exceptional growth trajectory in the second quarter of fiscal year 2024, ending on September 30, 2023. With a record operating revenue of Rs 260.6 Crore, a staggering 27.0% increase year-on-year (YoY), the company continues to strengthen its position in the Indian market.
Despite market fluctuations and post-COVID economic challenges, Just Dial has bounced back strongly and its revenue chart has shown continued resilience and adaptability in a dynamic business environment.
Net profit for the quarter also saw a substantial boost, reaching Rs 71.8 Crore, representing a 37.5% YoY increase. This financial achievement underscores Just Dial's ability to grow its revenue and enhance its profitability, making it an attractive proposition for investors and stakeholders. In addition, the company's efforts at improving efficiency and controlling costs helped it achieve EBITDA margins of 18.7%, up from 8.3% in the same period last year.
The database of active listings on Just Dial continues to expand, with a total of 40.2 million listings as of September 30, 2023. This signifies an 18.6% YoY increase, and 2.2 million new businesses were added during the quarter, highlighting the growing interest from businesses in being a part of the Just Dial platform.
Commenting on the milestone, Shwetank Dixit, Chief Growth Officer, Just Dial, said, “Just Dial's remarkable growth story is a testament to our commitment to delivering quality services to users while creating value for the vendors. It's a story that extends beyond numbers; it's a testament to the company's unwavering commitment to its mission and resilience in the ever-evolving landscape of local search, digital marketing, and the B2B space.”
Just Dial's commitment to being a user-friendly platform and providing accurate information has not only attracted businesses but also fostered high user engagement. The platform boasts an impressive 145.8 million ratings & reviews, reflecting the trust and reliability it has established among both businesses and end users.
In the ever-evolving landscape of local search and digital marketing, Just Dial has set itself apart as a pioneer. The company's ability to connect businesses with their target audience and offer effective digital marketing solutions has been a driving force behind its consistent growth. With a user traffic of 171.7 million, a 9.7% y-o-y growth, Just Dial provides a powerful platform for businesses to reach their customers in a digitally connected world.
About Just Dial Limited
Just Dial Limited provides local search related services to users in India through multiple platforms such as Desktop/PC website (https://www.Just Dial.com), mobile site (https://t.Just Dial.com), mobile apps (Android & iOS), over the telephone (Voice, pan India number 88888-88888) and text (SMS). Just Dial’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.
The Company has recently launched its B2B marketplace platform, JD Mart. JD Mart platform, available at https://www.jdmart.com and 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.
Just Dial 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, Just Dial is transitioning from being purely a provider of local search and related information to being a direct/ indirect enabler of such transactions. Just Dial 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, Just Dial has also launched JD Pay, a unique solution for quick digital payments for its users and vendors.