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Earnings | Just Dial Ltd. (NSE:JUSTDIAL): Q3FY23 Results Out; Total Income rise 56% YoY

Just Dial Ltd. (NSE:JUSTDIAL) is an Indian local search engine company that was founded in 1996. The company provides online and offline search services to users across various categories, including restaurants, hotels, hospitals, banks, and more. Just Dial also offers business listings, advertising, and lead generation services to small and medium-sized enterprises (SMEs) across India. The company has a strong presence in over 11 countries, with a database of more than 25 million business listings. Just Dial has been recognized for its innovative approach to local search and has received several awards and accolades for its contribution to the Indian business landscape.

Just Dial, has announced its Q3FY23 results. The company’s revenue for the quarter stood at Rs 221.4 crore, which is a 39.3% YoY growth and a 7.9% QoQ growth. The adjusted EBITDA margin for the quarter stood at 13.3%, showing an improvement of 381 bps QoQ. The net profit for Q3FY23 was Rs 75.3 crore, which is a 287.7% YoY growth and a 44.2% QoQ growth.

Just Dial’s traffic (quarterly unique visitors) for Q3FY23 was 156.8 million users, indicating the company’s strong market presence. The company’s active paid campaigns stood at 5,21,880, which is a 19.3% YoY growth and an addition of 18,040 campaigns QoQ.

Just Dial’s cash and investments stood at Rs 3,934.4 crore as of December 31, 2022. Overall, the Q3FY23 results show a strong performance for Just Dial, with robust revenue growth, improved margins, and a significant increase in net profit. The company’s strong market presence and active paid campaigns indicate that it is well-positioned to continue its growth trajectory.

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