Just Dial Limited Earnings Summary — Q4 FY2024
Just Dial Reports Strong Q4 Performance with 47% YoY Net Profit Surge and Peak Operating Margins
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 10 consecutive quarters.
- Revenue of ₹270 Cr is 16.2% higher year-on-year.
- Revenue has compounded at 26.6% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹116 Cr is 38.4% above the same quarter last year.
- Profit growth is outpacing revenue growth, pointing to positive operating leverage.
- Net profit has compounded at 144.3% annualised across the period.
- Operating margin stands at 26.2% in Q4 FY2024.
- Operating margin expanded by 1189 bps year-on-year.
- Over the last two years operating margin has expanded by 2985 bps.
- PBT margin is 54.5%.
- Expense growth of 0.1% remained below revenue growth of 16.2%.
- Operating profit of ₹71 Cr is 113.0% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 87/100 (Excellent) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q4 FY2024 | Q3 FY2024 | Q2 FY2024 | Q1 FY2024 | Q4 FY2023 | Q3 FY2023 | Q2 FY2023 | Q1 FY2023 | Q4 FY2022 | Q3 FY2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 270 | 265 | 261 | 247 | 233 | 221 | 205 | 186 | 167 | 159 |
| Expenses | Improving | 200 | 205 | 212 | 210 | 199 | 194 | 188 | 177 | 173 | 154 |
| Operating Profit | Volatile | 71 | 60 | 49 | 37 | 33 | 27 | 17 | 8 | -6 | 5 |
| Operating Margin | Volatile | 26.2% | 22.8% | 18.7% | 14.9% | 14.3% | 12.3% | 8.3% | 4.5% | -3.7% | 3.3% |
| Other Income | Volatile | 91 | 75 | 58 | 81 | 74 | 71 | 57 | -60 | 35 | 29 |
| Interest | Improving | 3 | 2 | 2 | 2 | 3 | 2 | 2 | 1 | 2 | 2 |
| Depreciation | Improving | 12 | 12 | 12 | 10 | 9 | 8 | 8 | 7 | 7 | 7 |
| Profit Before Tax | Volatile | 147 | 121 | 92 | 106 | 96 | 88 | 64 | -60 | 21 | 24 |
| Tax | Volatile | 32 | 29 | 20 | 23 | 12 | 12 | 12 | -11 | -2 | 5 |
| Net Profit | Volatile | 116 | 92 | 72 | 83 | 84 | 75 | 52 | -48 | 22 | 19 |
| Net Margin | Volatile | 42.8% | 34.7% | 27.5% | 33.8% | 36.0% | 34.0% | 25.4% | -26.1% | 13.2% | 12.2% |
Key Takeaways
- Just Dial achieved its highest-ever quarterly Operating Profit Margin (OPM) at 26%, up significantly from 14% a year ago.
- Net Profit for the quarter reached ₹116 Crores, supported by a 47% year-on-year growth and robust other income of ₹91 Crores.
- Revenue from operations grew steadily to ₹270 Crores, maintaining a consistent upward trajectory over the last eight quarters.
- The board approved a significant leadership transition, appointing Dinkar Ayilavarapu as the new CEO effective August 1, 2026.
- The company continues to operate with a zero-dividend payout policy despite substantial growth in cash reserves and profits.
- Operational efficiency improved as quarterly expenses dropped slightly to ₹200 Crores while revenue expanded.
- Total comprehensive income for the quarter reached ₹114.2 Crores (adjusted for other comprehensive items).
Management Guidance
Management remains focused on scaling its core 'Search and search related services' segment while optimizing the cost structure to sustain operating margins above 20%.
Sentiment Shift
Improving
Margins have expanded aggressively over the past year (from 14% to 26%), and the transition to new leadership is being managed well in advance.
Outlook
The outlook is positive driven by consistent double-digit revenue growth and significant operating leverage. The company's massive investment portfolio (₹4,608 Crores) ensures substantial 'Other Income' contributions to the bottom line.
From the Annual Report (Key Quotes)
“The Company operates in a single reporting segment namely, 'Search and search related services'.”
“Board approved the appointment of Mr. Dinkar Ayilavarapu as Chief Executive Officer effective August 1, 2026.”
“Profit before tax for the quarter ended March 2024 stood at ₹147 Crores vs ₹96 Crores in the same period last year.”
Official Quarterly Documents
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This summary is AI-generated from Just Dial Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.