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Growth Stagnation Continues for Just Dial
Financial Express Kochi
|January 14, 2025
Employee efficiency is near its peak, with underinvestment posing a risk to growth
JUST DIAL reported Q3FY25 results in line with expectations, posting revenue of ₹287 crore (+0.9% q-o-q), slightly below our estimate of ₹288 crore. EBITDA margin stood at 30.1%, surpassing our estimate of 28.9%. However, PAT came in at ₹131.3 crore lower than our estimate of ₹163.4 crore, primarily due to reduced other income. Paid campaigns saw a 6.0% y-o-y increase. At the start of FY25, the management had set a 15% y-o-y growth target, but this now appears unlikely due to weaker-than-expected growth over the past two quarters. Collections growth slowed to 3.4% y-o-y, suggesting a further deceleration. We are revi
This story is from the January 14, 2025 edition of Financial Express Kochi.
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