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For the quarter ended June 2015, the net sales have increased by 25% to Rs 168.62 crore. As of June 30, 2015, the company was conducting approximately 3,46,900 campaigns for paid advertisers as compared to 277,950 campaigns as of June 30, 2014, representing a Y-o-Y growth of 25%. The database consisted of approximately 15.3 million listings as compared to 14.1 million listings as of June 30, 2014 representing a Y-o-Y growth of 9%. The Company currently has 25 search plus services live on the platform. OPM increased by 354 bps to 28.7%. The net profit increased by 18% to Rs 33.17 crore due to rise in top-line and OPM.
Company's Standalone Performance
For quarter ended June 2015
The net sales have increased by 25% to Rs 168.62 crore.
As of June 30, 2015, the company was conducting approximately 3,46,900 campaigns for paid advertisers as compared to 277,950 campaigns as of June 30, 2014, representing a Y-o-Y growth of 25%. The database consisted of approximately 15.3 million listings as compared to 14.1 million listings as of June 30, 2014 representing a Y-o-Y growth of 9%. The Company currently has 25 search plus services live on the platform.
OPM increased by 354 bps to 28.7% due to decrease in other expenses by 590 bps to 19.3% of net sales. The operating profit increased by 42% to Rs 48.42 crore.
At the end of the quarter, the company had 10789 employees.
Other income has declined by 27% to Rs 55.54 crore. Other incomeh includes write back of excess provision for expenses of Rs 2.57 crore. Depreciation inclined by 18% to Rs 6.73 crore. The profit before tax and EO has increased by 28% to Rs 48.81 crore.
Tax outgo increased by 58% to Rs 15.64 crore. Tax rate has increased from 26% to 32% on Y-o-Y. The net profit increased by 18% to Rs 33.17 crore due to rise in top-line and OPM.
For the financial year ended March 2015
The net sales have increased by 28% to Rs 589.80 crore. OPM has declined by 272 bps to 28.1% due to rise in employee cost. The operating profit has inclined by 17% to Rs 165.79 crore.
Other income inclined by 22% to Rs 48.85 crore. Depreciation has increased by 39% to Rs 24.10 crore. The profit before tax has increased by 16% to Rs 190.54 crore.
Total tax outgo has increased by 17% to Rs 51.65 crore. Tax rate has increased from 26.8% to 27.1%. The net profit has increased by 15% to Rs 138.89 crore due to rise in top-line.
Management Comment:
Mr. V.S.S. Mani, MD & CEO, Just Dial Ltd said:
We witnessed another quarter of steady growth and profitability. Our search plus transaction platform continues to show good traction. Our focus is to enhance user experience through investment in back-end infrastructure and we are confident of commercially launching it in the next few months.
Other Developments
The company has decided to do buy-back of shares which will be up to 25% of the aggregate of paid-up capital and free reserves of the Company at a maximum price Rs 1550 per Equity Share
Valuation
The stock is trading at Rs 1099 at BSE.
The promoter has pledged 0.43% of total shareholding of promoter & promoter group of the company.
The promoters hold 32.60% stake in the company.
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