Just Dial top line outperforms street estimates

India's own search engine Just Dial Ltd. on May 21 declared its Q4FY16 results, wherein the company recorded a net profit of Rs 35.33 crores. Net profit of Just Dial has decreased by 25 per cent as compared to Q4FY15. EBITDA for the period stands at Rs 45 crores, which saw an increase of 6 per cent over the previous quarter. Total income from operations stands at Rs 179.61 crores for the quarter, as against Rs 156.28 crores for the corresponding period of the previous fiscal. Total income of the company has increased by 15 per cent.

On a YoY basis, net profit for the period stands at Rs stands at Rs 142 crores, whereas for the previous fiscal the company had reported a net profit of Rs 138 crores, which is up by 2 per cent. EBITDA stands at Rs 171 crores, while previously EBITDA was reported at Rs 142 crores. Consolidated total income for the period stands at Rs 691 crores, which has increased by 17 per cent.

On a CAGR basis, the company’s net volume and EBITDA for the period of 3 years has grown by 22 per cent and 17 per cent, respectively. Net profit for the period of 3 years has grown by 8 per cent. Depreciation expenses has been the reason for a decrease in profits as compared quarterly. However, on a (YoY) basis the company has managed to post robust numbers.

Just Dial is an Indian company providing pan-India search services over the phone, web, mobile and text messages. It is headquartered in Mumbai. The service represents a large classifieds service where users can call a common number to request a human operator what products or services they are looking for. The available, listed businesses are then communicated to the users by e-mail or through text messages.

The shares of the company on the bourses on Monday have opened positive and are trading at Rs 785.00, up by 4 per cent.