3QFY25 Result Update
 
Just Dial Ltd.
 
CMP: Rs 1,035.1 | M-Cap: Rs 8,803.0 cr
 
3QFY25 Financial Overview

🔹Revenue at Rs  287.3 cr up 0.9%/8.4% QoQ/YoY
🔹Operating profit at Rs  86.6 cr, up 5.5%/43.4% QoQ/YoY respectively
🔹PAT at Rs  131.3  cr, down 14.8% QoQ and up 42.7% YoY
🔹Traffic (Quarterly Unique Visitors) in 3QFY25 stood at 191.2 million users, up 15.3% YoY
🔹Trading at FY25E/FY26E P/E multiple of 16.4x/16.0x

Operating Margin

🔹3QFY25: 30.1%
🔹2QFY25: 28.8%
🔹3QFY24: 22.8%
 
Key takeaways of result
 
🔹EBITDA Margin witnessed 735 bps YoY expansion, led by both topline growth and cost efficiencies (operating expenses declined 1.9% YoY). Advertising spends stood at ~Rs 6.5 cr during the quarter.
🔹Other income, a big driver of profit, up 3.4% YoY and down 31.9% QoQ. Sequential decline attributed to higher MTM gains on treasury portfolio in 2QFY25 due to decline in bond yields.
🔹The effective tax rate for 9MFY25 stood at 12% due to the reversal of deferred tax on part of treasury moving from short-term to long term bucket in FY25
🔹Deferred Revenue stood at ₹ 507.2 Crores, up 7.3% YoY
🔹Cash and investment stood at Rs 5,062.7 cr up 2.4%/14.9% QoQ/YoY respectively
🔹Content enrichment, initiatives towards better user experience are resulting in healthy organic traffic growth which augurs well for the business.
🔹Active Paid Campaigns at the end of the quarter stood at 601,080 up 6.0% YoY and 0.4% QoQ
 
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