Just Dial Limited reported a strong performance in its Q2 results for the fiscal year 2024. The company’s revenue surged by 9.28% year-over-year (YoY) to ₹284.83 crore, compared to ₹261 crore in the same quarter last year.
The company also reported a significant jump in its net profit, which nearly doubled, reaching ₹150 crore from ₹71.8 crore YoY. Just Dial’s EBITDA saw impressive growth, rising to ₹82 crore compared to ₹48.8 crore in Q2 FY23, with an EBITDA margin improvement to 28.79%, up from 18.73% in the previous year.
The company reported significant growth across key financial metrics, showcasing a strong performance compared to the same period last year –
Key Financial Highlights:
- Revenue: Just Dial’s revenue from operations for Q2 stood at ₹280 crore, reflecting a year-on-year (YoY) increase of 9.25%, up from ₹261 crore in the corresponding quarter of the previous year.
- Net Profit: The company’s net profit surged dramatically to ₹150 crore for the quarter, more than doubling from ₹71.8 crore YoY. This robust growth highlights improved operational efficiency and increased market demand for the company’s services.
- EBITDA: The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the quarter rose to ₹82 crore, up from ₹48.8 crore in Q2 FY23. This represents an impressive YoY growth of 68%. The EBITDA margin also saw a substantial improvement, increasing to 28.79% from 18.73% in the previous year.
- Other Income: Just Dial also reported a rise in other income, which stood at ₹110 crore for the quarter, contributing to the overall profitability.
The company’s steady financial growth and improved margins suggest positive momentum, driven by its strategic initiatives and market presence in the digital space.
