Just Dial Q4 Results: Net Profit Jumps 36% to ₹158 Crore on Strong Merchant Acquisition and Growth
Business and Industry Overview:
Just Dial Ltd is an Indian local search engine founded in 1996 by V. S. S. Mani. Based in Mumbai, Maharashtra, the company provides a platform for users to find information about businesses, services, and products across various categories like restaurants, doctors, hotels, and more. The service is available via their website, mobile apps (Android & iOS), SMS, and a helpline number. Initially launched as A&M Communications Private Limited, the company changed its name to Just Dial Private Limited in 2006. It went public in 2013 with an Initial Public Offering (IPO). In 2021, Reliance Retail Ventures acquired a controlling stake (66.95%) in Just Dial, marking a significant change in its ownership.
Just Dial generates revenue primarily through paid listings and advertisements from businesses seeking to enhance their visibility on the platform. Over the years, the company has expanded its offerings to include “Search Plus” services, allowing users to complete transactions directly through the platform. The company went public in 2013, and today, it serves millions of users across India, with its platform being one of the most widely used in the local search industry. Just Dial is now part of Reliance Retail, further strengthening its digital capabilities and expanding its reach in the Indian market.
Latest Stock News:
As of April 19, 2025, Just Dial Ltd’s stock is trading at ₹921.90. The company will announce its Q4 FY25 results on April 18. Just Dial’s market value is around ₹7,839.86 crore, and its 52-week high is ₹1,010. Analysts are positive about the stock. Nuvama Institutional Equities gave it a ‘BUY’ rating with a target price of ₹1,140. They like the company’s strong cash reserves and good value. JM Financial also gave a ‘BUY’ rating, but lowered its target price to ₹1,220 from ₹1,350. They believe the company will still grow based on good financial results and plans to share profits with shareholders. Just Dial is also planning an Analyst/Investor Meet to talk about its performance and future plans. The company’s role in the local search market has become even stronger after it was bought by Reliance Retail in 2021.
Business Segments:
- Local Search Services: This is the main part of the business. Users can search for information about different businesses, services, and products like restaurants, doctors, and hotels. People can use the website, mobile apps, SMS, or the helpline number to search. Just Dial earns money from businesses that pay to be listed on the platform.
- Advertising Services: Just Dial helps businesses advertise on its platform. Businesses can pay to be seen by more people. This is an important way Just Dial makes money.
- Search Plus Services: Just Dial offers extra features under “Search Plus”. Users can do things like book services, order food, or make payments directly on the platform.
- Software & Technology Solutions: Just Dial also provides tools for businesses to improve their online presence. These tools help businesses manage how they interact with customers online.
Subsidiary information:
- MYJD Private Limited: This was a completely owned subsidiary of Just Dial. It was not active, and the company asked to remove its name from the company register. This request was filed with the Registrar of Companies.
- JD International Pte. Ltd. (Singapore): This was another subsidiary of Just Dial. However, Just Dial applied to remove it from the register, and the application was approved. JD International Pte. Ltd. is no longer a subsidiary of Just Dial as of September 4, 2023
Q4 Highlights:
- Net Profit: Just Dial’s net profit rose by 61% to ₹584.2 crore in FY25; Q4 profit was ₹157.6 crore.
- Revenue: Revenue for FY25 was ₹1,141.9 crore, a 9.5% YoY growth; Q4 revenue was ₹289.2 crore, up 7% YoY.
- Growth Drivers: Q4 growth was driven by merchant acquisition, with 191.3 million unique visitors and 48.8 million business listings.
Financial Summary:
| Amount in ₹ Crore | Q4 FY24 | Q4 FY25 | FY23 | FY24 |
| Revenue | 270.00 | 289.00 | 1,043 | 1,142 |
| Expenses | 200.00 | 203 | 826 | 807 |
| EBITDA | 71 | 86 | 217.00 | 335.00 |
| OPM | 26% | 30% | 21% | 29% |
| Other Income | 91 | 109 | 305 | 387 |
| Net Profit | 116.00 | 158.00 | 363 | 584 |
| NPM | 42.96 | 54.67 | 34.80 | 51.14 |
| EPS | 13.6 | 18.53 | 42.67 | 68.7 |