Just Dial’s stock surged over 11% to Rs 1,156 per share on July 18, spurred by its impressive Q1FY25 results. The company noted a significant 5.7% year-on-year increase in unique visitors, reaching 181.3 million in the quarter ending in June, demonstrating robust user engagement.
In the first quarter of FY25, Just Dial’s net profit soared by 69.3% year-over-year to Rs 141.2 crore. This strong growth in profitability was supported by a 13.6% increase in revenue from operations, which totaled Rs 280 crore, aligning well with market expectations.
Operational efficiency was evident as EBITDA climbed to Rs 80.5 crore, up from Rs 36.6 crore in the same quarter last year. This led to a dramatic improvement in the EBITDA margin, which rose to 28.7% from 14.8% in Q1FY24, largely due to cost-effective employee management.
The company managed to reduce employee costs by 5.3% year-over-year, following a 15% reduction in headcount. This trend has been consistent over the past four quarters, contributing to better financial health. Additionally, a decrease in other expenses by 2.5% suggests lower advertising spending.
Lastly, Just Dial’s active listings grew to 44.9 million by the end of June 2024, marking an 18.2% increase from the previous year. This growth indicates an expanding database, further solidifying Just Dial’s market presence and attracting more users and advertisers.
