The digital ecosystem in India has transformed the way businesses operate, giving rise to innovative platforms like Swiggy, Zomato, Policybazaar, and Justdial. These digital-first companies have revolutionized their respective sectors—food delivery, insurance comparison, and local business searches—by leveraging technology to offer convenience, transparency, and efficiency.
With a rapidly growing internet user base, increased smartphone penetration, and supportive government initiatives like Digital India, the scope for such digital businesses is immense.
These platforms have not only created vast employment opportunities but have also empowered small businesses by connecting them to larger audiences. As India embraces digital transformation, the prospects for these businesses remain promising, with untapped markets, evolving consumer preferences, and advancements in AI and big data fueling further growth.
Stock Price
The shares of Just Dial are currently trading at Rs. 947 down by 8.51% from its previous close of Rs. 1,035 as of January 13, 2025. The stock also touched an intraday low of Rs. 941.
Q3 Results
In its exchange filing issued after trading hours on January 10, Just Dial announced a net profit of ₹131.3 crore for Q3 FY25, reflecting a 42.7% year-on-year growth. However, this represents a decline of nearly 15% compared to the ₹154 crore net profit reported in the previous quarter (Q2).
The company’s revenue rose by 8.4% YoY to ₹287.3 crore. For the same quarter in the prior fiscal year, Just Dial had recorded a net profit of ₹92 crore.
Additionally, the EBITDA for Q3 FY25 surged to ₹86.6 crore, marking a 43% increase from the ₹60.2 crore reported in Q3 FY24. The EBITDA margin improved to 30.1% during the quarter, up from 22.8% in the corresponding period of FY24.
Management Commentary
In the exchange filing, Shwetank Dixit, Chief Growth Officer, Justdial, spoke on the company’s vision: “Our focus remains on driving top-line growth while maintaining operational efficiency, as reflected in our Q3 results. By enhancing our offerings for users and providing businesses with easy-to-use, advanced tools, we are creating sustainable growth for all stakeholders.”
About the Company
Just Dial Ltd, founded on December 20, 1993, is a leading player in India’s local search ecosystem. It offers a range of search-related services through platforms like the Internet, mobile apps, desktop, voice, and SMS, enabling users to find businesses, products, and services conveniently. The company’s offerings include JD Omni, a business management tool
for SMEs, JD Pay for digital payments, and JD Mart, a B2B marketplace launched in 2021. Just Dial also integrates social engagement through JD Social to boost MSME visibility. With a rich database of 36.5 million active listings (as of March 2023) and operations across 250 cities and 11,000+ pin codes, it empowers businesses while serving millions of users nationwide.
Written By: Dipangshu Kundu
