Quarter Ended: March 2026
Just Dial Limited Q4 FY26 Results Analysis
NSE
justdial
BSE
535648
Just Dial reported a mixed performance in Q4 FY26, with revenue growth remaining stable but profitability declining sharply on a YoY basis.
The company continues to generate strong cash flows, but margin compression and declining profits indicate operational pressure.
key financial highlights
- Revenue from Operations:
- Q4 FY26: ₹3,558.6 million
- QoQ: Down from ₹3,903.2 million
- YoY: Down from ₹3,978.5 million
- Revenue declined both QoQ and YoY
- Profit After Tax (PAT):
- Q4 FY26: ₹1,000.0 million
- QoQ: Down from ₹1,179.3 million
- YoY: Down from ₹1,576.0 million
- ~36% YoY decline in profit (Major negative signal)
- EBITDA & Margins (Derived):
- Profit before tax dropped from ₹1,795.3 → ₹1,246.9 (YoY)
- Indicates margin compression
- EPS:
- Q4 FY26 EPS: ₹11.76
- YoY: Down from ₹18.53
margin & Profitability Analysis
- Profitability Trend: Deteriorating
- Margin Trend: Contracting
Key Signal: Decline in profitability is driven by rising employee costs and operating expenses, while revenue failed to scale proportionately
Segment / Business insight
- Core business remains local search & digital services
- No major segment diversification visible
- Revenue growth slowdown indicates maturity phase
Earning quality check
Cash Flow Analysis (Very Important)
- Operating Cash Flow: ₹2,687 million
- Previous Year: ₹3,114 million
Key Observations
- Strong cash generation despite profit decline
- High investment activity (₹15,297 million deployed)
Interpretation: Cash flow declined but remains strong and positive
balance sheet analysis
- Total Assets: ₹60,441 million (↑ from ₹55,206 million)
- Total Liabilities: ₹6,668 million (Stable)
Indicates: Company remains low-leverage and financially strong
Cost Structure analysis
- Employee benefit expenses: ₹1,840 million (↑)
- Other expenses: ₹344.5 million (↑)
key positives & negatives
Positives
- Strong balance sheet (low debt)
- Positive operating cash flow
- High investment reserves
- Stable business model
Negatives
- Sharp decline in profit (YoY & QoQ)
- Revenue contraction
- Margin compression
- Rising cost structure
management commentary / Business shift
- No explicit commentary available in the report
Business appears to be in stabilization/maturity phase rather than growth phase
Financial Metrics
| Particular | In ₹ million | Q.O.Q (%) | Y.O.Y(%) |
|---|---|---|---|
| Total Income | 3558.6 | -8.8 | -10.5 |
| PBT | 1246.9 | -14.3 | -30.5 |
| PAT | 1000 | -15.2 | -36.5 |
| EPS | 11.76 | -28 | -36.5 |
Just Dial delivered a weak quarter with declining revenue and sharp profit drop, though strong cash flows and balance sheet provide stability.
Quarterly Performance Context
FISCAL YEAR
2025-2026
AUDIT STATUS
REVIEWED