Just Dial reported a robust fiscal second quarter for FY25, posting a profit of ₹154.07 crore, marking a significant growth of 114.6% from ₹71.79 crore in the same quarter of FY24. The company’s revenue from operations reached ₹284.83 crore, an increase of 9.3% compared to ₹260.61 crore in the previous fiscal year’s second quarter. Additionally, Just Dial’s EBITDA rose by 69.4% year-on-year to ₹79.8 crore.
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The effective tax rate for the first half of FY25 was reported at 12%, a decrease attributed to the reversal of deferred taxes as part of the treasury portfolio transitioned from short-term to long-term holdings following the completion of a two-year period in FY25. However, the effective tax rate for Q2FY25 was higher at 15.1% due to recent changes in capital gains tax regulations.
As of September 30, 2024, Just Dial’s cash and investments amounted to ₹4,942.8 crore, reflecting a 15.4% year-on-year increase. The company’s user traffic for Q2FY25 reached 198 million unique visitors, showing a 15.3% growth year-on-year and a 9.3% increase quarter-on-quarter.
Mobile platforms generated 85.4% of the traffic, while desktop and voice platforms accounted for 11.8% and 2.8%, respectively. Just Dial reported a total of 46.2 million active listings as of September 30, 2024, a 15% year-on-year increase, with 1,305,226 new listings added during the quarter.
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Furthermore, 30.8 million of these listings were geocoded, representing a 21.9% year-on-year growth. The total number of images in listings reached 206.5 million, up 25% from the previous year. Ratings and reviews also grew, totalling 150.3 million at the end of the quarter, reflecting a 3% year-on-year increase.
