Justdial reports highest-ever quarterly revenue and net profit, marking 13.6% and 69.3% YoY growth, respectively for Q1 FY 25

Bengaluru, July 17, 2024: Justdial, India’s leading local search engine, has reported its highest-ever financial results, demonstrating exceptional growth and robust financial health for the first quarter of FY25. The company achieved a record revenue of ₹280.6 crores, marking a significant 13.6% year-on-year (YoY) increase, underscoring its commitment to delivering top-tier digital solutions to businesses and consumers nationwide.

Justdial's effective cost control measures and revenue optimization strategies are underscored by its highest ever operating EBITDA, which stood at ₹80.6 crores, a 119.8% YoY growth. This contributed to the company achieving a net profit of ₹141.2 crores during the quarter, the highest ever for any quarter in Justdial's history, reflecting a substantial 69.3% YoY increase.

The impressive financial metrics highlight the substantial value Justdial provides to its users and business partners. The platform has effectively addressed the daily local search needs of users while offering businesses the visibility to grow their businesses. This quarter, Justdial’s network of active businesses expanded notably, reaching a total of 44.9 million. The platform also attracted its highest ever quarterly visitors at 181.3 million, a 5.7% YoY increase.
 
Shwetank Dixit, Chief Growth Officer of Justdial, commented, “Justdial's record breaking PAT of 141 Cr, its historical highest, demonstrates our ability to drive strong financial performance in a highly competitive market. We've prioritized delivering exceptional value to our stakeholders, including shareholders, users, and businesses. Our dedication to providing in-depth search content has empowered users to make informed decisions, while our platform continues to be a powerful digital marketing tool for businesses.

We remain focused on identifying new growth opportunities and managing costs. We're excited about our emerging low-cost customer acquisition channels, which hold the potential to significantly improve margins over time. As we look ahead, we are committed to innovation, including the integration of generative AI to further elevate user experiences. We are proud of our journey so far and are confident about exceeding expectations in coming quarters.”