Internet and catalogue retail company Just Dial announced Q2FY23 results: Traffic (Quarterly Unique Visitors) in 2QFY23 stood at 156.5 million users 2QFY23 Revenue stood at Rs 205.3 Crores, up 10.6% QoQ and 31.6% YoY Active Paid Campaigns stood at 503,840 (up 17% YoY), addition of 20,150 campaigns QoQ Net Profit for 2QFY23 stood at Rs 52.2 Crores, up 58.6% YoY Cash and Investments stood at Rs 3,818.9 Crores as on September 30, 2022 Result PDF
Conference Call with Just Dial Management and Analysts on Q1FY23 Performance and Outlook. Listen to the full earnings transcript.
Internet & Catalogue Retail firm Just Dial Announced Q1FY23 Result : Traffic (Quarterly Unique Visitors) in 1Q-FY23 stood at 147.9 million users 1Q-FY23 Revenue stood at Rs 185.6 Crores, up 11.4% QoQ, up 12.2% YoY Active Paid Campaigns stood at 483,690 (up 4.8% QoQ), addition of 22,195 campaigns QoQ Sales team hiring ramped up further, sales strength up 4.2% QoQ & 52.9% YoY Net loss for 1Q-FY23 stood at Rs 48.3 Crores, mainly due to MTM loss on treasury portfolio due to increase in bond yields Cash and Investments stood at Rs 3,739.6 Crores as on June 30, 2022 Operating Revenue & EBITDA: Operating Revenue stood at Rs 185.6 Crores, up 12.2% YoY & 11.4% QoQ. Adjusted Operating EBITDA, excluding ESOP expenses, stood at Rs 11 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 4.2% QoQ. These investments should result in superior product offerings and higher monetization going forward. Net loss stood at Rs 48.3 Crores. This was driven by other income which stood at Rs -60 Crores for the quarter due to mark-to-market (MTM) losses on treasury portfolio owing to significant increase in bond yields (135-150 bps QoQ for 2-3 year AAA bonds) during the quarter. Deferred Revenue stood at Rs 353.4 Crores, up 4.5% QoQ and 15% YoY. Sequential growth in deferred revenue (led by 12.2% QoQ growth in Collections to Rs 200.9 Crores) despite focus on monthly payment plans is encouraging. Cash and Investments stood at Rs 3,739.6 Crores as on Jun 30, 2022 compared to Rs 1,533 Crores as on June 30, 2021 and Rs 3,820.1 Crores as on March 31, 2022. Result PDF
Conference Call with Just Dial Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript. Management in attendance: VSS Mani and Senior Management team