Quarterly Financial Results
Just Dial Reports 9.9% Revenue Growth and 4.1% Rise in Q1 FY27 Net Profit
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Just Dial Limited reported healthy growth in the first quarter of FY27, with revenue rising 9.9% YoY to ₹327.5 crore and net profit increasing 4.1% YoY to ₹166.2 crore. The company also highlighted strong listing growth, expanding AI adoption across its platform, and continued investment in its B2B marketplace ecosystem.
PRICE-SENSITIVE TRIGGER
Event: Announcement of Unaudited Financial Results for the quarter ended June 30, 2026 (Q1 FY27).
Type: Quarterly Financial Results
Impact: Positive
Immediate Effect:Â Revenue, profitability, cash reserves, and business listings continued to grow while the company accelerated AI deployment and expanded merchant-focused digital offerings.
Key Metrics:
Key Financial Metrics:
- Operating Revenue: ₹327.5 crore | ▲ 9.9% YoY | ▲ 6.6% QoQ
- Operating EBITDA: ₹87.4 crore | ▲ 1.1% YoY | ▼ 1.6% QoQ
- EBITDA Margin:Â 26.7%Â |Â â–¼ 233 bps YoY | â–¼ 221 bps QoQ
- Operating PBT: ₹75.1 crore | ▲ 4.9% YoY | ▼ 1.3% QoQ
- Other Income: ₹131.5 crore | ▲ 3.3% YoY | ▲ 170.3% QoQ
- Profit Before Tax: ₹206.6 crore | ▲ 3.9% YoY | ▲ 65.7% QoQ
- Net Profit (PAT): ₹166.2 crore | ▲ 4.1% YoY | ▲ 66.2% QoQ
- Net Profit Margin:Â 36.2%Â |Â â–¼ 133 bps YoY | â–² 812 bps QoQ
- Unearned Revenue: ₹540.1 crore | ▲ 1.0% YoY
- Cash & Investments: ₹6,022.1 crore | ▲ 10.9% YoY | ▲ 2.9% QoQ
Business Metrics:
- Quarterly Unique Visitors:Â 192.9 million |Â â–¼ 0.2% YoY | â–² 5.8% QoQ
- Mobile Traffic Share:Â 86.5%
- Total Listings:Â 56.1 million |Â â–² 13.0% YoY
- Net Listings Added:Â 14.67 lakh during the quarter
- Images in Listings:Â 262.9 million |Â â–² 14.1% YoY
- Geocoded Listings:Â 41.7 million |Â â–² 19.7% YoY
- Ratings & Reviews:Â 160.5 million |Â â–² 4.4% YoY
- Paid Campaigns:Â 639,200 |Â â–² 3.5% YoY
- App Downloads:Â 44.1 million |Â â–² 8.2% YoY
- Sales Employees:Â 10,965 |Â â–² 7.8% YoY
Highlight:
- Revenue reached ₹327.5 crore while cash and investments increased to ₹6,022.1 crore, providing strong financial flexibility alongside continued platform expansion.
What Happened ?
Just Dial reported a steady start to FY27 with healthy revenue growth, improving profitability and continued expansion of its business ecosystem. Alongside financial performance, the company accelerated the deployment of AI-powered solutions across customer acquisition, sales, onboarding and support operations while expanding its B2B commerce offerings through JD Mart.
key details
Financial Performance:
- Revenue increased 9.9% YoY to ₹327.5 crore.
- Net profit rose 4.1% YoY to ₹166.2 crore.
- Profit before tax grew 3.9% YoY to ₹206.6 crore.
- EBITDA increased to ₹87.4 crore despite a moderation in EBITDA margin.
- Cash and investments crossed ₹6,000 crore.
Note:
- Higher treasury gains contributed to the sharp sequential rise in other income during the quarter.
Platform Growth:
- Total business listings increased to 56.1 million.
- Net addition of 14.67 lakh listings during Q1 FY27.
- Geocoded listings reached 41.7 million.
- Images associated with listings expanded to 262.9 million.
- Ratings and reviews crossed 160 million.
- Paid merchant campaigns continued to grow steadily.
AI Deployment:
The company expanded its proprietary AI ecosystem across multiple business functions. Key developments include:
- AI voice agents deployed across sales workflows.
- Expansion of AI-powered sales assistants.
- AI integration across Voice and WhatsApp channels.
- AI-enabled customer onboarding.
- Automated customer support capabilities.
- AI-driven content operations.
- Improved lead qualification and prospect nurturing.
- Enhanced operational efficiency for sales teams.
JD Mart Expansion:
Just Dial strengthened its B2B marketplace through the launch of the JD Mart Super Sixer Pack, offering merchants:
- Access to premium lead generation.
- Premium 3D product catalogues.
- Trusted and Verified business badges.
- Official Just Dial rating certificates.
- Personalized web banners.
- Higher visibility across listings and product searches.
Management Commentary:
Chief Growth Officer Shwetank Dixit stated that:
- Q1 FY27 delivered the strongest sequential revenue growth in nearly a decade outside the post-COVID recovery period.
- AI is becoming a major productivity driver across customer engagement and internal operations.
- The company aims to make AI capabilities accessible to millions of MSMEs.
- JD Mart continues to strengthen Just Dial’s position in India’s growing B2B commerce ecosystem.
Risk Analysis
Summary:
- While revenue and profitability remained healthy, EBITDA margins moderated during the quarter due to continued investment in technology and platform capabilities. Future growth depends on sustained merchant adoption and monetization of AI initiatives.
Key Risks:
- EBITDA margin declined by 233 basis points YoY.
- Unique visitor growth remained broadly flat on a yearly basis.
- Continued technology investments may temporarily pressure operating margins.
- Competition in local search, digital commerce and AI-enabled business platforms remains intense.
Worst Case:
- If merchant spending slows or AI investments fail to generate proportional revenue growth, profitability and operating margins could remain under pressure.
Risk Level: Medium
Company Commentary
- FY27 began with strong revenue momentum and healthy sequential growth.
- AI deployment is being expanded across customer-facing and internal workflows.
- The company intends to democratize AI capabilities for MSMEs.
- JD Mart continues evolving into a comprehensive B2B commerce platform.
- Just Dial remains focused on improving merchant productivity, customer engagement and digital commerce adoption.
Official Exchange Filing: Just Dial Limited
