Analyst Meet / AGM     29-Oct-13
Conference Call
Just Dial
Overall growth in message and calls was 36%.
Just Dial held its conference call after it declared its September 2013 quarter results.

V S S Mani, Managing Director and founder of the company and CFO Ram Kumar addressed the call

Highlights of the call

Just Dial reported another strong quarter, with revenue growth of 29% to Rs 112.65 crore and EBITDA growth of 43%. PAT grew 98% underpinned by strong revenue growth and EBITDA margin expansion (307bps).

Number of campaigns grew 27% to 238650. The company is seeing good traction in revenue per basis.

The company has increased its market.

The company has emphasized on evergreen contracts which constitutes 65% of sales.

OPM grew by 300 basis points. This is despite employee cost rising because of four fold rise in average head count, yearly increment in Q2 of 9-10% and normalization of incentives for evergreen contract which was low in Q1.

The company also gave 07-08% of sales as incentives to senior employees which amounted to around Rs 80 lakh. This is onetime and will not come again in this year.

The company's ad spend in Q3 and Q4 will be decided in due course of time.

PAT was up 98% to Rs 28.66 crore despite 1.74 crore of MTM loss in investment portfolio. Other income also took hit of Rs 8-9 crore after taking MTM losses.

Total investments and cash stands at Rs 572 crore.

Usage metrics

Overall growth in message and calls was 36%.

Search matrix grew 44%. From this quarter the company will give information on search matrix also.

Mobile searched grew 20% up from 17% in June 2013 quarter and 10% in September 2012 quarter.

Around 23 million + searches came from mobile.

The company has developed android and iPhone app and iq in the process developing apps for Windows 7

Internet searches grew 65%.

The company will have soft launch of couple of products like restaurants and food and wine bookings. Many more such products are in pipeline.

The company is committed to invest in such platforms thus number of such products will take shape and scale up going forward.

The company has taken 15 acre land at Rs 37 crore in Bangalore. This facility will take couple of years to start. The place is not very well developed and it will take time for the same.

Many big companies like Infosys and Cognizant have taken land there. This will be software park area in the future but now it is yet to develop.

Currently the company has approximately 28 million ratings and reviews published on the website.

The company has postponed launch of getquotes till after Diwali.

The company had 8200 employees as on September 2013.

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