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Just Dial Q3 FY26: 184.5M Unique Visitors and 6.29 Lakh Active Paid Campaigns
Just Dial reported 184.5 million unique visitors for Q3 FY26, representing a sequential decline from 197.7 million in Q2 FY26. The company's database has expanded to 52.8 million listings, supported by 629,180 active paid campaigns. Mobile remains the primary driver of traffic, accounting for 86.2% of total user engagement. The company maintains a robust sales infrastructure with over 10,000 employees across tele-sales and field operations to target SMEs nationwide.
Key Highlights
Quarterly unique visitors reached 184.5 million in Q3 FY26, down from 197.7 million in the previous quarter.
Active paid campaigns stood at 629,180 as of December 31, 2025.
Total database listings grew to 52.8 million with 155.7 million user ratings and reviews.
Mobile platform dominates traffic share at 86.2%, while Desktop and Voice contribute 11.0% and 2.8% respectively.
Salesforce consists of 4,883 tele-sales and 5,252 feet-on-street employees covering 250+ cities.
💼 Action for Investors
Investors should monitor the sequential dip in unique visitors to determine if it is a seasonal fluctuation or a trend shift. Focus on the company's ability to monetize its 52.8 million listings through its massive 10,000+ salesforce.
Just Dial Q3 FY26: Revenue up 6.4% to ₹305.7 Cr; EBITDA Margins Expand to 31.2%
Just Dial reported a steady 6.4% YoY growth in operating revenue for Q3 FY26, reaching ₹305.7 Crores, while EBITDA grew 10% to ₹95.2 Crores. Net profit saw a 10.2% YoY decline to ₹118 Crores, primarily due to a one-time exceptional expense of ₹21.1 Crores related to the new labour code and a higher effective tax rate. Operationally, the company maintained a strong cash position of ₹5,703 Crores and saw an 11.1% YoY increase in active listings. While quarterly traffic dipped 3.5% YoY to 184.5 million, it showed a recovery of 6.6% on a sequential basis.
Key Highlights
Operating Revenue grew 6.4% YoY to ₹305.7 Crores, with EBITDA margins expanding by 101 bps to 31.2%.
Net Profit decreased 10.2% YoY to ₹118.0 Crores, impacted by a ₹21.1 Crore one-time labor code expense.
Total Active Listings reached 52.8 million (up 11.1% YoY), while paid campaigns grew 4.7% YoY to 629,180.
Cash and Investments remain robust at ₹5,703 Crores as of December 31, 2025.
Quarterly unique visitors stood at 184.5 million, reflecting a 6.6% QoQ recovery despite a 3.5% YoY decline.
💼 Action for Investors
Investors should monitor the stabilization of user traffic and the effectiveness of new AI-driven lead generation initiatives. The strong cash reserve and margin expansion provide a safety net, though the one-time labor cost impact should be treated as non-recurring.
Just Dial Q3 FY26 Net Profit at ₹1,179M; Revenue Up 6.4% YoY to ₹3,057M
Just Dial reported a modest 6.4% YoY growth in net revenue from operations to ₹3,056.9 million for Q3 FY26. While operating profit before exceptional items showed strength at ₹1,667 million, the final Net Profit declined 10.2% YoY to ₹1,179.3 million due to a one-time exceptional charge. This ₹210.8 million charge stems from the implementation of new labour codes affecting gratuity calculations. Other income, primarily from fair value gains on investments, remains a significant contributor to the company's total income profile.
Key Highlights
Net Revenue from operations increased 6.4% YoY to ₹3,056.9 million from ₹2,873.3 million.
Profit before exceptional items and tax rose to ₹1,667 million compared to ₹1,491.7 million in Q3 FY25.
Recognized a one-time exceptional expense of ₹210.8 million due to the new Social Security labour code.
Net Profit for the quarter stood at ₹1,179.3 million, down from ₹1,313.1 million in the previous year's corresponding quarter.
Other income contributed ₹846.3 million, including ₹747.3 million in fair value gains on financial instruments.
💼 Action for Investors
Investors should focus on the improved operational margins before the one-time regulatory hit, while remaining aware of the high dependency on investment gains for bottom-line support.
Just Dial Faces GST Demand and Penalty Totaling Rs 21.83 Crore for FY 2018-19
Just Dial Limited has received an order from the Assistant Commissioner of State Tax, Mumbai, imposing a penalty and tax demand for the financial year 2018-19. The order includes a penalty of Rs. 6.62 crore and an additional tax demand with interest amounting to Rs. 15.21 crore. The dispute relates to the alleged excess availment of input tax credit (ITC) on common services. The company has expressed its intention to file an appeal against this order and confirmed that it does not impact current business operations.
Key Highlights
Penalty of Rs. 6.62 crore imposed under Section 74 of CGST and MGST Acts
Additional tax demand plus interest aggregates to Rs. 15.21 crore
Total financial impact of the order stands at approximately Rs. 21.83 crore
Dispute pertains to alleged excess input tax credit (ITC) claims during FY 2018-19
Company intends to contest the order through an appeal process
💼 Action for Investors
Investors should monitor the outcome of the appeal process as the demand represents a potential one-time cash outflow. While the amount is significant, it is unlikely to affect the long-term fundamentals of the company.
Just Dial Faces GST Demand and Penalty Totaling Rs 21.83 Crore for FY 2018-19
Just Dial Limited has received an order from the Assistant Commissioner of State Tax, Mumbai, involving a total financial impact of Rs 21.83 crore. This amount comprises a penalty of Rs 6.62 crore and a tax demand with interest totaling Rs 15.21 crore for the financial year 2018-19. The order alleges that the company claimed excess input tax credit on common services. Just Dial has stated its intention to file an appeal against the order and confirmed that there is no impact on its business operations.
Key Highlights
Penalty of Rs 6.62 crore imposed under Section 74 of CGST and MGST Acts
Additional tax demand and interest aggregate to Rs 15.21 crore
Total financial implication of the order stands at Rs 21.83 crore
Allegation involves excess availment of input tax credit (ITC) for FY 2018-19
Company intends to contest the order through the formal appeal process
💼 Action for Investors
Investors should monitor the progress of the legal appeal as it represents a potential cash outflow. While the amount is manageable for the company, it serves as a reminder of ongoing regulatory scrutiny regarding historical tax filings.