Highlights
- Just Dial reported 9.9% YoY revenue growth during the first quarter of FY27.
- Net profit increased 4.1% YoY while cash and investments crossed INR 6,022 crore.
- Active listings rose 13% YoY as AI deployment expanded across business operations.
Just Dial Limited (NSE:JUSTDIAL) announced its unaudited financial results for the quarter ended June 30, 2026, after the Board of Directors approved the results. The company also released its earnings update highlighting financial performance, operational metrics and business developments during the first quarter of FY27.
During the quarter, the company reported growth in operating revenue, profit and active business listings while continuing to expand artificial intelligence-based capabilities across customer engagement, sales operations and merchant services.
Source: Analysis by Kalkine
Revenue Grows Nearly 10% Year-on-Year
Operating revenue for the June quarter stood at INR 3,275 million (INR 327.5 crore), compared with INR 2,979 million (INR 297.9 crore) in the corresponding quarter last year, representing a year-on-year increase of 9.9%. Revenue also increased 6.6% from INR 3,072 million reported in the March 2026 quarter.
Operating EBITDA was INR 874 million (INR 87.4 crore), up 1.1% from the previous year. EBITDA margin stood at 26.7% during the quarter, compared with 29% a year earlier. Advertising expenditure during the quarter was approximately INR 102 million (INR 10.2 crore).
Operating profit before tax reached INR 751 million, reflecting a 4.9% year-on-year increase.
Other income rose to INR 1,315 million, increasing 3.3% from the corresponding period last year and 170.3% sequentially. The company attributed the increase to higher mark-to-market gains on its treasury portfolio following a decline in yields of around 40-50 basis points on a quarter-on-quarter basis.
Profit before tax stood at INR 2,066 million, while net profit increased 4.1% year-on-year to INR 1,662 million (INR 166.2 crore). The effective tax rate for the quarter was 19.5%.
Cash and investments reached INR 60,221 million (INR 6,022.1 crore) as of June 30, 2026, compared with INR 58,522 million at the end of March 2026 and INR 54,298 million a year earlier.
Platform Metrics Continue to Expand
Quarterly unique visitors stood at 192.9 million during the first quarter. Mobile platforms contributed 86.5% of total traffic, while desktop accounted for 10.6% and voice platform contributed 2.9%.
Total active listings increased to 56.1 million as of June 30, 2026, representing a 13% year-on-year increase. During the quarter, the company added a net 1.47 million listings to its database.
Listings with geocodes increased to 41.7 million, up 19.7% from the previous year, while total images across listings rose to 262.9 million, reflecting a 14.1% year-on-year increase.
Total ratings and reviews reached 160.5 million at the end of the quarter, while active paid campaigns increased to 639,200, up 3.5% year-on-year.
The company reported total app downloads of 44.1 million and employee strength of 13,337 at the end of the quarter.
AI Expansion and Merchant Initiatives
During the quarter, Just Dial expanded the deployment of agentic AI across Voice, WhatsApp and AI-powered sales assistants. According to the company, proprietary AI voice agents are being used across sales workflows to help nurture prospects and convert enquiries into qualified appointments. The company said AI is also supporting onboarding, customer support and content operations.
On the business-to-business platform JD Mart, the company introduced the JD Mart Super Sixer Pack, a package of merchant benefits that includes access to a lead bank, premium 3D catalogues, verification badges, rating certificates, personalised web banners and enhanced listing visibility.
Commenting on the quarter, Chief Growth Officer Shwetank Dixit said, "We started FY27 on a strong note, with revenue growing 6.6%QoQ, our fastest sequential growth in a decade outside the post-COVID recovery period. This performance reflects focused execution across our core business, alongside sustained investment in technology capabilities that are now translating into tangible outcomes."
Key Risks
- Lower advertising demand could affect future revenue growth.
- Traffic fluctuations may impact lead generation activity.
- Competitive digital platforms may influence customer acquisition.
- Changes in investment yields could affect other income.
Summary
Just Dial reported higher operating revenue and net profit during the first quarter of FY27 while expanding its AI capabilities across customer engagement and sales functions. The company also recorded growth in active listings, paid campaigns and cash reserves, alongside the launch of new merchant offerings under its JD Mart platform.
FAQs
Q: What was Just Dial's revenue during Q1 FY27?
A: Just Dial reported operating revenue of INR 3,275 million, representing a 9.9% increase compared with the year-ago quarter.
Q: How much net profit did Just Dial report in Q1 FY27?
A: The company reported net profit of INR 1,662 million, up 4.1% year-on-year for the quarter ended June 30, 2026.
Q: What business initiative did Just Dial launch during the quarter?
A: The company introduced the JD Mart Super Sixer Pack and expanded AI deployment across sales, Voice and WhatsApp platforms.