Software and services company Just Dial Ltd declares Q3FY22 result: Traffic (Quarterly Unique Visitors) in 3Q-FY22 stood at 142.7 million users 3Q-FY22 Revenue stood at Rs 158.9 Crores, Net Profit for 3Q-FY22 stood at Rs 19.4 Crores Active Paid Campaigns stood at 437,335, up 1.5% QoQ Sales team hiring ramped up, sales strength up 18.3% QoQ; Overall headcount up 12.6% QoQ Cash and Investments stood at Rs 3,769 Crores as on December 31, 2021 Operating Revenue & EBITDA: Total Operating Revenue stood at Rs 158.9 Crores, down 6.3% YoY and up 1.9% QoQ. Adjusted Operating EBITDA, excluding ESOP expenses, stood at Rs 10 Crores. The 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 18.3% QoQ. These investments should result in superior product offerings and higher monetization going forward. Net Profit stood at Rs 19.4 Crores, down 61.2% YoY. Other income stood at Rs 28.6 Crores for the quarter. Deferred Revenue stood at Rs 325.7 Crores, down 2.6% QoQ (due to higher focus on monthly payment plans during the quarter) and up 6.7% YoY. Cash and Investments stood at Rs 3,769 Crores as on December 31, 2021 compared to Rs 1,509.6 Crores as on December 31, 2020 and Rs 3,773.4 Crores as on September 30, 2021. Result PDF
Conference Call with Just Dial Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.
Highlights: Reliance Retail Ventures Ltd (RRVL) has recently acquired controlling stake in Just Dial via following transactions, for a total consideration of Rs 5,719 Crores: Preferential issue at Rs 1,022.25/ share for a consideration of Rs 2,165 Crores Acquisition from Mr. VSS Mani, Managing Director, at Rs 1,020.00/ share, consideration of Rs 1,332 Crores Acquired ~26% stake via Open Offer at Rs 1,022.25/ share, consideration of Rs 2,222 Crores RRVL now holds 67.0% stake in JD and overall, Promoter Group shareholding stands as 77.7%. Traffic (Quarterly Unique Visitors) in 2Q-FY22 stood at 149.5 million users, up 20.5% QoQ 2Q-FY22 Revenue stood at Rs 156 Crores, Net Profit for 2Q-FY22 stood at Rs 32.9 Crores Deferred Revenue stood at Rs 334.2 Crores, up 8.7% QoQ Cash and Investments stood at Rs 3,773.4 Crores as on September 30, 2021 Financial Highlights for Fiscal 2022 Second Quarter (2Q-FY22) Operating Revenue: Total Operating Revenue stood at Rs 156 Crores, down 6.9% YoY. Operating EBITDA: Operating EBITDA at Rs 16 Crores. Adjusted Operating EBITDA, excluding ESOP expenses, stood at Rs 20.8 Crores. Net Profit stood at Rs 32.9 Crores, down 30.5% YoY. Other income stood at Rs 35.6 Crores for the quarter. Deferred Revenue stood at Rs 334.2 Crores, up 8.7% QoQ and up 19.6% YoY. Cash and Investments stood at Rs 3,773.4 Crores as on September 30, 2021 compared to Rs 1,427.4 Crores as on September 30, 2020 and Rs 1,533 Crores as on June 30, 2021. This increase is on account of Rs 2,164.9 Crores received upon preferential issue of Equity Shares to RRVL. Result PDF