JUST DIAL ANNOUNCES RESULTS FOR QUARTER ENDED MARCH 31, 2022

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
MetricUnit4Q-FY224Q-FY21YoY change3Q-FY22QoQ change
Operating Revenue(₹ million)         1,667         1,757-5.1%         1,5894.9%
     
Operating EBITDA(₹ million)-60345N.A.52N.A.
Operating EBITDA Margin%-3.6%19.7%N.A.3.3%N.A.
       
Adjusted EBITDA (excl. ESOP expenses)(₹ million)-8415N.A.100N.A.
Adjusted EBITDA Margin (excl. ESOP expenses)%-0.5%23.6%N.A.6.3%N.A.
       
Other Income, net(₹ million)352156126.4%28623.4%
Profit Before Taxes(₹ million)206            389-47.1%            244-15.6%
       
Net Profit(₹ million)221336-34.0%19414.1%
Net Profit Margin*%13.3%19.1%-582 bps12.2%107 bps
       
Unearned Revenue (period end)(₹ million)         3,381         3,3032.4%         3,2573.8%
Cash & Investments (period end)(₹ million)       38,201       15,721143.0%       37,6901.4%
     
Unique Visitors^(million)144.8129.112.2%142.71.5%
– Mobile(million)121.4106.314.2%120.21.0%
– Desktop/ PC(million)17.616.56.8%16.37.9%
– Voice(million)5.86.3-7.8%6.2-6.1%
       
– Mobile% share83.8%82.4%148 bps84.2%-40 bps
– Desktop/ PC% share12.1%12.7%-61 bps11.4%72 bps
– Voice% share4.0%4.9%-87 bps4.4%-33 bps
       
Total Listings (period end)(million)31.930.44.9%31.41.7%
Net Listings Addition     524,816     246,774112.7%     413,10027.0%
Total Images in Listings (period end)(million)         117.7         103.613.7%         113.43.8%
Listings with Geocodes (period end)(million)           18.5           17.36.8%           17.93.5%
Ratings & Reviews(million)         129.4         117.8

Ends GNI SG

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