JUST DIAL ANNOUNCES RESULTS FOR QUARTER ENDED MARCH 31, 2022

Mr. Prasun Kumar, CMO, Just Dial

Mumbai, India, 2nd May, 2022 (GPN) – Just Dial Limited (BSE: 535648, NSE: JUSTDIAL), India’s leading local search engine company, today announced its financial and operating results for its fourth fiscal quarter ending March 31, 2022. Following are the key highlights:

Ø  Traffic (Quarterly Unique Visitors) in 4Q-FY22 stood at 144.8 million users

Ø  4Q-FY22 Revenue stood at ₹ 166.7 Crores, Net Profit for 4Q-FY22 stood at ₹ 22.1 Crores

Ø  Active Paid Campaigns stood at 461,495 (up 5.5% QoQ), addition of 24,160 campaigns QoQ led by aggressive focus on monthly payment plans

Ø  Sales team hiring ramped up, sales strength up 26% QoQ & 22.6% YoY

Ø  Cash and Investments stood at ₹ 3,820.1 Crores as on March 31, 2022

Financial Highlights for Fiscal 2022 Fourth Quarter (4Q-FY22)

  • Operating Revenue & EBITDA: Operating Revenue stood at ₹ 166.7 Crores, down 5.1% YoY & up 4.9% QoQ. Adjusted Operating EBITDA, excluding ESOP expenses, stood at ₹ -0.8 Crores. Company has ramped up hiring across critical functions such as technology, content, sales and marketing teams which has resulted in higher employee expenses. In sales department, headcount was up 26% QoQ. These investments should result in superior product offerings and higher monetization going forward.
  • Net Profit stood at ₹ 22.1 Crores, down 34.0% YoY. Other income stood at ₹ 35.2 Crores for the quarter.
  • Deferred Revenue stood at ₹ 338.1 Crores, up 3.8% QoQ and 2.4% YoY. Sequential growth in deferred revenue despite focus on monthly payment plans is encouraging.
  • Cash and Investments stood at ₹ 3,820.1 Crores as on December 31, 2021 compared to ₹ 1,572.1 Crores as on March 31, 2021 and ₹ 3,769 Crores as on December 31, 2021.

Business Highlights for Fiscal 2022 Fourth Quarter (4Q-FY22)

  • Total Traffic (Unique Visitors) for the quarter stood at 144.8 million, up 12.2% YoY and 1.5% QoQ. 83.8% traffic originated on Mobile platforms, 12.1% on Desktop/ PC and 4% on our Voice platform.
  • Total Active Listings stood at 31.9 million as on March 31, 2022, an increase of 4.9% YoY and 1.7% QoQ. 524,816 listings were added (net) to the database during the quarter. Out of total listings, 18.5 million listings were geocoded as on March 31, 2022, up 6.8% YoY. Total Images in listings stood at 117.7 million, up 13.7% YoY and up 3.8% QoQ.
  • Total Ratings & Reviews stood at 129.4 million at the end of quarter, up 9.8% YoY.

Active Paid Campaigns at the end of quarter stood at 461,495, up 0.9% YoY and 5.5% QoQ. Robust paid campaigns addition of 24,160 for the quarter was led by aggressive focus on selling monthly payment plans.

JUST DIAL LTD – 4Q FY22 (Quarter ended March 31, 2022) PERFORMANCE SUMMARY
Metric Unit 4Q-FY22 4Q-FY21 YoY change 3Q-FY22 QoQ change
Operating Revenue (₹ million)          1,667          1,757 -5.1%          1,589 4.9%
         
Operating EBITDA (₹ million) -60 345 N.A. 52 N.A.
Operating EBITDA Margin % -3.6% 19.7% N.A. 3.3% N.A.
             
Adjusted EBITDA (excl. ESOP expenses) (₹ million) -8 415 N.A. 100 N.A.
Adjusted EBITDA Margin (excl. ESOP expenses) % -0.5% 23.6% N.A. 6.3% N.A.
             
Other Income, net (₹ million) 352 156 126.4% 286 23.4%
Profit Before Taxes (₹ million) 206             389 -47.1%             244 -15.6%
             
Net Profit (₹ million) 221 336 -34.0% 194 14.1%
Net Profit Margin* % 13.3% 19.1% -582 bps 12.2% 107 bps
             
Unearned Revenue (period end) (₹ million)          3,381          3,303 2.4%          3,257 3.8%
Cash & Investments (period end) (₹ million)        38,201        15,721 143.0%        37,690 1.4%
         
Unique Visitors^ (million) 144.8 129.1 12.2% 142.7 1.5%
– Mobile (million) 121.4 106.3 14.2% 120.2 1.0%
– Desktop/ PC (million) 17.6 16.5 6.8% 16.3 7.9%
– Voice (million) 5.8 6.3 -7.8% 6.2 -6.1%
             
– Mobile % share 83.8% 82.4% 148 bps 84.2% -40 bps
– Desktop/ PC % share 12.1% 12.7% -61 bps 11.4% 72 bps
– Voice % share 4.0% 4.9% -87 bps 4.4% -33 bps
             
Total Listings (period end) (million) 31.9 30.4 4.9% 31.4 1.7%
Net Listings Addition      524,816      246,774 112.7%      413,100 27.0%
Total Images in Listings (period end) (million)          117.7          103.6 13.7%          113.4 3.8%
Listings with Geocodes (period end) (million)            18.5            17.3 6.8%            17.9 3.5%
Ratings & Reviews (million)          129.4          117.8

 

About the Author

Sachin Murdeshwar
Sachin Murdeshwar is a Sr.Journalist and Columnist in several Mainline Newspapers and Portals.He is an ardent traveller and likes to explore destinations to the core.

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