Just Dial shares in focus as Q3 profit slips 10% YoY on one-time exceptional expense


Just Dial shares were in focus today (January 14), after the company reported a 10.2% year-on-year decline in consolidated net profit for the third quarter of fiscal year 2026.

For the quarter, the company posted a net profit of Rs 118 crore, with the decline attributed to a higher effective tax rate and a one-time exceptional expense related to past service costs arising from the implementation of new labour codes.

The effective tax rate stood at 19% for Q3FY26, compared to 12% in the year-ago quarter.

Operating revenue for the quarter reached ₹305.7 crore, reflecting a 6.4% year-on-year growth. Operating EBITDA amounted to ₹95.2 crore, delivering a robust EBITDA margin of 31.2%, up 101 basis points compared to the same period last year.

Advertising expenditure during the quarter stood at approximately Rs 9.5 crore.


Other income increased by 9.3% year on year and 15.5% sequentially to Rs 84.6 crore, supported by higher treasury balances. Profit before tax was Rs 145.6 crore, declining 2.4% YoY, primarily due to an exceptional expense of Rs 21.1 crore arising from employee cost adjustments under the new labour code.

Deferred revenue increased 2.9% YoY to Rs 521.9 crore, while the company’s cash and investments stood at Rs 5,703 crore as of December 31, 2025, up from Rs 5,062.7 crore in the previous year.Also read: Mukul Agrawal reshapes Rs 6,500-crore portfolio in Q3: Two new stocks, one exit. Do you own?

Just Dial reported that total traffic (unique visitors) during the quarter stood at 184.5 million, down 3.5% YoY but up 6.6% QoQ on the business performance front. A majority, 86.2%, of the traffic came through mobile platforms, with desktop/PC and voice platforms accounting for 11.0% and 2.8% respectively.

Total active listings reached 52.8 million as of December 31, 2025, reflecting an increase of 11.1% YoY and 3.1% QoQ. Of these, 1.58 million listings were added during the quarter. Geocoded listings stood at 37.3 million, up 17.3% YoY, while total images in listings reached 250 million, up 15.7% YoY.

At the end of the quarter, the company reported total ratings and reviews of 155.7 million, reflecting a 2.9% YoY increase. Active paid campaigns reached 629,180, up 4.7% YoY and 0.8% sequentially.

The shares of Just Dial closed nearly 2% higher at Rs 735.40 on the BSE on Tuesday (January 13).

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)



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