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Justdial Sees 8.2% Jump In Profits In Q3 After Rise In Active Listings

Justdial Sees 8.2% Jump In Profits In Q3 After Rise In Active Listings

The company said that it has recorded operating EBITDA of INR 67.1 Cr

The company has recorded an operating revenue of INR 235.4 Cr

The total unique visitors for the quarter stood at 157 Mn

Mumbai-headquartered hyperlocal search engine Justdial, on Monday (January 20), announced that the company has recorded operating revenue of INR 235.4 Cr, growing 3.8% Y-o-Y for the quarter ending December 31, 2019.

The company said that it has recorded operating EBITDA of INR 67.1 Cr in Q3 FY20, as against INR 55.2 Cr in Q3 FY19. This is a 21.5% Y-o-Y increase. Justdial also said that its Net Profit (Profit after Taxes) stood at INR 62 Cr, up 8.2% Y-o-Y.

It said that its other income stood at INR 26.4 Cr for the quarter, as against INR 34.1 Cr in Q3 FY19.

Other Key Performances In Q3 FY20

  • Total unique visitors for the quarter stood at 157 Mn, up 17% YoY.
  • 81.4% of traffic originated on mobile platforms, 13.7% on Desktop/ PC and 4.8% on its voice platform
  • Total Active Listings stood at 28.6 Mn as on December 31, 2019, an increase of 15.3% Y-o-Y
  • Total ratings and reviews stood at 105.9 Mn at the end of the quarter, up 16% Y-o-Y

Justdial: Fighting To Be Super App

Justdial was founded in 1994 by VSS Mani. The official website was launched in 2007. With more than 25 verticals on its website, Justdial application was started as a phone-based local directory. The company currently offers services such as bills and recharge, grocery and food delivery, and handles bookings for restaurants, cabs, movie tickets, flight tickets, events and more.

Justdial opened its IPO in 2013, which at the time was hailed as the biggest issue since Bharti Infratel Ltd’s IPO in December 2012. In order to get a level playing field with its fellow hyperlocal delivery apps, Justdial also reportedly made a soft entry into India’s ecommerce space in May 2015 through tie-ups with restaurants, grocers, pharmacies and electronic stores for home delivery.

Later in 2017, Justdial also introduced JD Pay, a unique solution for quick digital payments for its users and vendors. Justdial claims to have branches in 11 cities across India with an on-ground presence in over 250 Indian cities covering more than 11K pincodes. Justdial has recently launched an all-in-one version of its application with features like map-aided search, live TV, videos, news and real-time chat messenger.

Author

Bhumika Khatri

Inc42 Staff

Hailing from a business-oriented family, Bhumika has always been crunching numbers in her head. Words are her escape and she looks to find hidden startup stories. Reach her on [email protected]

https://inc42.com/buzz/indian-govt-rethinks-foreign-investment-policies-amidst-economic-slump/
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