Just Dial Ltd.

NSE: JUSTDIAL | BSE: 535648 | ISIN: INE599M01018 | Industry: Internet & Catalogue Retail
| Momentum Trap
597.75 5.25 (0.89%)
NSE Aug 16, 2022 13:09 PM
Volume: 111.3K
 

Rapid Results Alerts
Just Dial Ltd.    
18 Jul 2022
597.75
0.89%

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.

 

 

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