Just Dial Ltd. expects higher traffic and an expansion to help improve performance in FY20, despite a larger base in the previous year, its Financial Chief Abhishek Bansal said.
The company is growing fairly well in tier-II and tier-III cities, Bansal told BloombergQuint in an interaction, adding that they contributed about 27 percent to Just Dial's total revenue. He expected expansion plans in these cities to continue in the ongoing fiscal as well.
Bansal said he expects growth in paid campaigns and realisations to boost overall revenue in FY20.
The company, through its Search Plus and transaction-led platforms, is focused on taking a meta approach to become a one-stop destination, Bansal said.
We don't want to be a part of any cash back or discounting game, but at the same time keep giving value added features to our users.Abhishek Bansal, CFO, Just Dial
Q4 Earnings Highlights (YoY):
- Revenue rises 16 percent to Rs 232.3 crore.
- Net profit jumps 60.5 percent to Rs 62.6 crore.
- Other income nearly triples to Rs 32.2 crore.
- Ebit up 28.3 percent at Rs 58.7 crore.
- Ebit margin expands 250 basis points to 25.3 percent.
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