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Yes Securities Report
Just Dial Ltd. reported inline financial performance for the quarter. Both, sequential revenue growth and Ebitda margin were broadly along expectation.
It reported sequential revenue growth of 10.6% QoQ, led by increase in active paid campaigns (up 4.2% QoQ) and increase in average realisation by 5.9% QoQ.
The growth in the number of paid campaigns sustained recent momentum led by rising focus on monthly plans. There was sequential improvement in Ebitda margin(up 375 basis points QoQ) led by control on other expenses.
The Internet traffic to the portal has recovered to pre-Covid level led by improvement in financial situation of small and medium enterprises.
It has been slow recovery for Just Dial from the adverse impacts of two Covid-19 waves and current operating metrics are similar to pre-Covid level.
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