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Just Dial Q4 FY26: Revenue Grows to ₹307 Cr; Paid Campaigns Reach 6.31 Lakh
Just Dial reported a steady performance for Q4 FY26 with operating revenue reaching ₹3,072 million, a 6.2% increase compared to the same quarter last year. The company successfully expanded its monetization base, with active paid campaigns growing to 631,530. While unique visitors saw a slight sequential dip to 182.4 million, the company maintains a fortress balance sheet with ₹58,522 million in cash and investments. Net profit for the quarter stood at ₹1,000 million, representing a 28.1% margin on total revenue.
Key Highlights
Operating Revenue increased to ₹3,072 million in Q4 FY26, up from ₹2,892 million in Q4 FY25.
Active paid campaigns grew to 631,530, showing consistent growth in SME advertiser adoption.
Cash and investment reserves reached a robust ₹58,522 million as of March 31, 2026.
EBITDA for the quarter was ₹888 million with a healthy operating margin of 28.9%.
Total listings database expanded to 54.7 million, with 157.1 million user ratings and reviews.
💼 Action for Investors
Investors should focus on the company's ability to monetize its massive database through paid campaigns and its significant cash reserves. The slight decline in traffic warrants monitoring, but the overall financial profile remains strong and profitable.
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Just Dial Q4 Net Profit Drops 36.6% YoY to ₹100 Cr; Revenue Up 6.2%
Just Dial reported a 6.2% YoY growth in operating revenue to ₹307.2 crore for Q4 FY26, but net profit saw a sharp decline of 36.6% YoY to ₹100 crore. The drop in profit was primarily driven by a 55.2% fall in other income due to treasury MTM losses and a higher effective tax rate compared to the previous year. Operationally, EBITDA margins remained healthy at 28.9%, though slightly lower than the 29.8% recorded in the same quarter last year. Notably, quarterly unique visitors declined by 4.7% YoY to 182.4 million, indicating pressure on user engagement.
Key Highlights
Operating Revenue grew 6.2% YoY to ₹307.2 Cr, while EBITDA rose 3.2% to ₹88.8 Cr.
Net Profit fell 36.6% YoY to ₹100 Cr, heavily impacted by a 55.2% drop in Other Income (Treasury gains).
Total Traffic (Unique Visitors) decreased 4.7% YoY to 182.4 million users, with 85.7% originating from mobile.
Active Paid Campaigns grew marginally by 3.0% YoY to 631,530, while active listings rose 12.1% to 54.7 million.
Cash and Investments remain strong at ₹5,852.2 Cr, providing a significant valuation floor.
💼 Action for Investors
Investors should be cautious as the decline in unique visitors and volatility in treasury-dependent profits offset the modest revenue growth. Monitor the effectiveness of management's new AI-led tools in reversing traffic trends and improving monetization in the coming quarters.
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Just Dial CFO Abhishek Bansal Resigns After 12-Year Tenure
Just Dial Limited has announced the resignation of its Chief Financial Officer, Mr. Abhishek Bansal, effective from the close of business on April 15, 2026. Mr. Bansal has been with the company for approximately 12 years, including over 8 years as the CFO. He is stepping down to pursue personal career considerations and explore outside opportunities, confirming no issues related to financial reporting or governance. The board has noted his resignation alongside the approval of the audited financial results for the year ended March 31, 2026.
Key Highlights
Mr. Abhishek Bansal resigns as CFO and Key Managerial Personnel effective April 15, 2026.
Bansal completed a ~12-year tenure with the company, including 8+ years as CFO.
The resignation is for personal career considerations and is not related to any material governance or financial issues.
Deloitte Haskins & Sells LLP issued an unmodified audit opinion on the FY26 financial results.
The company is in the process of ensuring a smooth transition and handover of responsibilities.
💼 Action for Investors
Investors should monitor the announcement of a successor to ensure continuity in financial leadership. Given the long tenure and clean exit statement, this transition appears routine rather than a red flag.
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Just Dial FY26 Results Approved; CFO Abhishek Bansal Resigns After 8 Years in Role
Just Dial Limited has approved its audited financial results for the fiscal year ended March 31, 2026, with an unmodified opinion from auditors Deloitte Haskins & Sells LLP. A significant management change was announced as Chief Financial Officer Abhishek Bansal resigned, effective April 15, 2026, to explore outside opportunities. Bansal has been with the company for 12 years, serving as CFO for over 8 years. The company is now in the process of transitioning this key managerial role following his long tenure.
Key Highlights
Board approved audited financial results for the full year ended March 31, 2026.
CFO Abhishek Bansal resigned effective April 15, 2026, after 12 years with the company.
Auditors Deloitte Haskins & Sells LLP issued an unmodified opinion on the financial statements.
Bansal confirmed his resignation is not related to any financial reporting or governance matters.
💼 Action for Investors
Investors should monitor the company's announcement regarding a successor for the CFO position to ensure a smooth leadership transition. While the clean audit report is reassuring, the departure of a long-tenured CFO is a key event to watch.
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Just Dial Receives GST Tax Demand and Penalty Order Totaling ₹27.63 Crore
Just Dial Limited has been served an order by the Assistant Commissioner of State Tax, Mumbai, regarding the FY 2019-20 period. The order alleges excess availment of input tax credit and imposes a penalty of ₹8.74 crore along with a tax and interest demand of ₹18.89 crore. The total financial implication stands at ₹27.63 crore, which the company intends to challenge through an appeal. Management has clarified that this development does not impact the company's daily operations.
Key Highlights
Total financial demand of ₹27.63 crore including tax, interest, and penalty
Penalty of ₹8.74 crore imposed under Section 74 of the CGST and MGST Acts
Allegations involve excess Input Tax Credit (ITC) on common services for FY 2019-20
Company has officially stated its intention to file an appeal against the order
No impact on the operational activities of the company reported
💼 Action for Investors
Investors should monitor the outcome of the proposed appeal as a final unfavorable ruling would result in a one-time cash outflow. However, the amount is manageable given the company's balance sheet strength and should not alter the long-term investment thesis.
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Just Dial Faces Rs 27.63 Crore GST Demand and Penalty for FY 2019-20
Just Dial Limited has received an order from the Assistant Commissioner of State Tax, Mumbai, demanding a total of Rs 27.63 crore. This includes a penalty of Rs 8.74 crore and a tax demand with interest amounting to Rs 18.89 crore for the financial year 2019-20. The dispute arises from alleged excess availment of input tax credit on common services. The company has stated its intention to file an appeal against this order and maintains that there is no impact on its business operations.
Key Highlights
Penalty of Rs 8.74 crore imposed under Section 74 of the CGST and MGST Act 2017
Additional tax demand and interest aggregate to Rs 18.89 crore
Allegation involves excess input tax credit (ITC) claims during FY 2019-20
Company intends to challenge the order through the formal appeal process
💼 Action for Investors
Investors should monitor the progress of the appeal as the total demand represents a potential one-time financial hit. While the amount is significant, the company's operational stability remains unaffected.
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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.
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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.
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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.
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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.
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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.