In July 2021, Retail Retail– the retail arm of Mukesh Ambani-led Reliance Industries acquired a controlling stake of 66.95% in Justdial for Rs 3,497 crore.
In yet another testament to the remarkable business acumen of billionaire business tycoon Mukesh Ambani, Reliance Industries-owned JustDial Ltd recorded a massive jump of nearly 43% percent in net profits in the third-quarter of financial year 2024-25. In its Q3 results announced on Friday, the company reported a 42.7% year-on-year increase in its consolidated net profit, which grew to Rs 131 crore in the December-ended quarter of FY25 from Rs 92.01 crore during the same period last year.
As per JustDial’s Q3 results, the company recorded its “highest-ever quarterly revenue” of Rs 287.33 crore in this quarter, surpassing its previous best of Rs 265.05 crore in last year’s third-quarter, a growth of 8.4%. The EBITDA (earnings before interest, taxes, depreciation, and amortisation) margin of the JustDial surged to 30.1% in Q3 of FY25, compared to 22.8% during the same quarter last year, while its EBITDA for the December quarter stood at Rs 86.6 crore, a growth of 43.4%.
According to the company’s Q3 results, its total expenses during the quarter stood at Rs 215.57 crore, down 1.55% from last year, while its total income increased 7.3% to Rs. 364.74 crore.
However, despite the remarkable growth, JustDial shares tanked 3.83% on the National Stock Exchange (NSE), closing at Rs 1,034 on Friday. Its noteworthy to mention that the company’s Q3 results were declared after the market closed on Friday.
About JustDial
Founded in 1996 by V. S. S. Mani, JustDial is an internet tech company that offers local search for various businesses and services across India over the phone, website and its mobile apps. Headquartered in Mumbai, the company has offices in Ahmedabad, Bangalore, Chandigarh, Chennai, Coimbatore, New Delhi, Hyderabad, Jaipur, Kolkata, and Pune, and boasts market cap of Rs 8,793.17 crore as of January 11, 2024, according to the NSE.
In July 2021, Retail Retail– the retail arm of Mukesh Ambani-led Reliance Industries acquired a controlling stake of 66.95% in Justdial for Rs 3,497 crore.