Mumbai, India, 2nd May, 2022 (GNI): 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 Revenuestood 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 quarterstood 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 |
Ends GNI SG
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