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Just Dial Stocks Skyrocketed 15% On Announcement of Q4FY24 Business and Financial Updates

The company's focus remained on signing up the majority of customers on monthly payment plans.

Shares of Just Dial Limited jumped 15% today as it recently announced its financial and operating results for the fourth quarter ended on March 31, 2024. This is as per the company’s regulatory filing as on April 17.

The highlights of the quarter are as follows:

  • Revenue for the fourth quarter of fiscal year 2024 stood at Rs 270.3 Crores, up by 16.2% Year on Year (YoY).
  • Earnings before interest, tax, depreciation, and amortisation (EBITDA) margin increased from 14.4% in 4Q-FY23 to 26.1% in 4Q-FY24, with EBITDA standing at Rs70.6 Crores, up by 111.4% YoY.
  • Profit before tax (PBT) increased by 53.5% YoY to Rs147.3 Crores, with a net profit of Rs115.6 Crores, up by 37.9% YoY.
  • Traffic, in terms of quarterly unique visitors, stood at 171.1 million users. Active paid campaigns stood at 583,690, with an addition of 16,735 campaigns QoQ, up by 8.4% YoY.
  • Cash and investments stood at Rs 4,625.4 Crores as of March 31, 2024, up by 13.7% YoY compared to Rs 4,066.8 Crores as of March 31, 2023, and Rs 4,405.3 Crores as of December 31, 2023.

Business highlights for the fourth quarter of the fiscal year 2024 include:

  • Other income, primarily Market to market (MTM) gains on treasury portfolio and interest income on tax-free bonds, stood at Rs91.3 Crores, up by 23.1% YoY.
  • 4Q-FY24 collections stood at Rs 305.3 Cr, up by 13.8% YoY, with deferred revenue standing at Rs 507.7 Crores, up by 15.9% YoY.

Other Business highlights for the fourth quarter of the fiscal year 2024 include:

  • Total traffic, in terms of unique visitors, for the quarter stood at 171.1 million, up by 7.4% YoY.
  • Total active listings stood at 43.6 million as of March 31, 2024, with an increase of 19.3% YoY, and 4.7% QoQ.
  • Total ratings and reviews stood at 148.0 million at the end of the quarter, up by 3.5% YoY.
  • Active paid campaigns at the end of the quarter stood at 583,690, up by 8.4% YoY and 3.0% QoQ.

The company’s focus remained on signing up the majority of customers on monthly payment plans.

At 3:30 pm, the shares of Just Dial closed 13.38% higher at Rs 1,010.35 on NSE.

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