Q1 2025 Just Dial Ltd Earnings Call Transcript
Key Points
- Just Dial Ltd (BOM:535648) reported a 13.6% year-on-year growth in operating revenue, reaching INR280.6 crore.
- The company achieved a healthy 28.7% EBITDA margin for the quarter, representing a 260 basis point sequential improvement.
- Profit before taxes stood at INR153.9 crore, growing 45% year-on-year.
- Deferred revenue grew by 11.1% year-on-year, indicating strong future revenue potential.
- The company added 10 million unique users during the quarter, resulting in a total of 181.3 million quarterly unique visitors.
- Collections growth was only 5.4% year-on-year this quarter, indicating a potential slowdown in cash inflows.
- The effective tax rate stood at 8.2%, which is lower due to the reversal of deferred tax, but this may not be sustainable in the long term.
- Employee headcount increased by 2.2% sequentially, which could lead to higher operational costs if not managed efficiently.
- Advertising spends were tightly controlled at INR5.8 crore, which might limit brand visibility and growth potential.
- The company has a significant cash pile of INR4,755 crore, and there are ongoing concerns about its utilization, which could dilute return ratios.
Ladies and gentlemen, good day, and welcome to the Just Dial Limited Q1 FY25 earnings call. (Operator Instructions) Please note that this conference is being recorded. We are joined by Mr. VSS Mani, MD and CEO; and Mr. Abhishek Bansal, CFO from the management of Just Dial Limited.
I now hand the conference over to Mr. Abhishek Bansal, CFO, Just Dial Limited. Thank you, and over to you.
Thank you, moderator. Hi, everyone. Welcome to Just Dial's earnings call for first quarter of fiscal '25. Our operating revenue for the quarter stood at INR280.6 crore, witnessing 13.6% year-on-year growth and 3.8% on sequential basis.
In terms of margins, we had a very healthy 28.7% EBITDA margin for the quarter, which represented 260 basis point sequential improvement and about 14.9 percentage points on year-on-year basis. Absolute EBITDA at INR80.6 crore, more than doubled year on year and grew [14.1%] on sequential basis.
Our total employee headcount now stands at about 13,112 employees with
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