Q4 2023 Just Dial Ltd Earnings Call Transcript

Apr 18, 2023 / 12:30PM GMT
Operator

Ladies and gentlemen, good day, and welcome to the Just Dial Limited Q4 FY '23 Earnings Call. (Operator Instructions) Please note that this conference is being recorded. We have with us today, Mr. VSS. Mani, MD and CEO; and Mr. Abhishek Bansal, CFO from Just Dial Limited. I now hand the conference over to Mr. Abhishek Bansal, CFO from Just Dial Limited. Thank you, and over to you, sir.

Abhishek Bansal - Just Dial Limited - CFO

Thank you, moderator. Hi, everyone. Welcome to Just Dial's Earnings Call for Fourth Quarter of Fiscal '23. Our operating revenue for the quarter stood at INR 232.5 crores, witnessing 5% sequential growth and 39.5% on a year-on-year basis. Year-on-year growth seems higher due to COVID-impacted quarters in last fiscal year, fiscal '22. On a per day basis, Q-o-Q revenue growth stood at 7.4% in last quarter. Our adjusted EBITDA, excluding noncash ESOP expenses, stood at INR 35.6 crores, representing an adjusted EBITDA margin of 15.3%.

Our employee expenses have increased 29.2% on a year-on-year basis, led by about 37% increase in

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