Q4 2024 Just Dial Ltd Earnings Call Transcript
Key Points
- Just Dial Ltd (BOM:535648) reported a 16.2% year-on-year growth in operating revenue for Q4 FY24, reaching INR270.3 crores.
- The company achieved a robust EBITDA margin of 26.1% for the quarter, representing a significant improvement both sequentially and year-on-year.
- Collections for FY24 grew by 17.7% year-on-year, with Q4 collections standing at INR305 crores, a 13.8% increase year-on-year.
- Profit before taxes for Q4 FY24 grew by 53% year-on-year and 22% sequentially, reaching INR147.3 crores.
- Total cash and investments at the end of the quarter stood at INR4,625 crores, growing 13.7% year-on-year.
- The company witnessed a decline in total employee headcount due to optimization across sales and non-sales functions.
- Advertising expenses were tightly controlled, resulting in a 12% year-on-year decline, which could impact future growth.
- The effective tax rate stood at 21.5%, which is on the higher side due to short-term nature of treasury mark-to-market gains.
- Despite strong growth in listings, the average revenue per user (ARPU) has remained relatively flat, indicating potential challenges in monetization.
- There is a significant dependency on Tier 2 and Tier 3 cities for traffic, which may have lower revenue realizations compared to Tier 1 cities.
Ladies and gentlemen, good da and welcome to the Just Dial Limited Q4 FY24 earnings call. We are joined by Mr. VSS Mani, MD and CEO; and Mr. Abhisek Bansal, CFO, from the management team of Just Dial Limited. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Abhisek Bansal, CFO, Just Dial Limited. Thank you, and over to you, Mr. Bansal.
Thank you, moderator. Hi, everyone. Welcome to Just Dial's Earnings Call for fourth quarter of FY24. Our operating revenue for the quarter stood at INR270.3 crores, witnessing 16.2% year-on-year growth. This growth is primarily driven by healthier collections, which we have witnessed during the past quarters. Our FY24 collections have grown by about 17.7% on a year-on-year basis. Fourth-quarter collections stood at a healthy INR305 crores, growing 13.8% year on year.
In terms of margins, we had robust 26.1% EBITDA margin for the quarter, which represented 334 basis points sequential
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