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Just Dial Up After Q2 PAT Jumps 58% YoY

Operating EBITDA of Just Dial stood at Rs 17 crore Q2FY23.

On a consolidated basis, the net profit rose 58.49 per cent to Rs 52.16 crore, Just Dial rose 5.44 per cent to Rs 601.30 on a 31.59 per cent increase in net sales to Rs 205.26 crore in the second quarter of FY23 over the second quarter of FY22.

Also, the profit before tax (PBT) rose 50.1 per cent YoY to Rs 64.23 crore in the second quarter of FY23. Operating EBITDA stood at Rs 17 crore in the second quarter of FY23, up 6.8 per cent YoY. Adjusted Operating EBITDA, excluding ESOP expenses, stood at Rs 19.5 crore in the second quarter of FY23, down 6.4 per cent YoY. Deferred revenue stood at Rs 378.6 crore, up 7.1 per cent QoQ and 13.3 per cent YoY. Total active listings stood at 33.9 million in the Q2FY23, an increase of 9.4 per cent YoY and 3.3 per cent. Adding more 1,069,916 listings were added (net) to the database during the quarter. Active paid campaigns at the end of the quarter stood at 503,840, up 17.0 per cent YoY. Cash and investments stood at Rs 3,818.9 crore in the second quarter of FY23 as compared with Rs 3,773.4 crore in the second quarter of FY22 and Rs 3,739.6 crore in Q1FY23.

The company provides local search-related services to users all over through multiple platforms such as Desktop/ PC websites, mobile apps (Android & iOS), over the telephone and text (SMS) and mobile sites.

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