|
For the quarter ended December 2015, the net sales increased by 11% to Rs 171.33 crore. As of December 31, 2015, the company was conducting approximately 354,900 campaigns for paid advertisers as compared to 312,800 campaigns as of December 31, 2014, representing a Y-o-Y growth of 13%. The company's database consisted of approximately 16.1 million listings as compared to 14.7 million listings as of December 31, 2014 representing a Y-o-Y growth of 9%. The Company currently has 27 search plus services live on the platform. Total unique visitors (across Voice, PC Internet, Mobile Internet) increased by 13% Y-o-Y to 71.5 mn. OPM decreased by 1062 bps to 21.8%. The net profit decreased by 16% to Rs 26.99 crore due to decline in OPM.
Company's Standalone Performance
For quarter ended December 2015
The net sales have increased by 11% to Rs 171.33 crore. As of December 31, 2015, the company was conducting approximately 354,900 campaigns for paid advertisers as compared to 312,800 campaigns as of December 31, 2014, representing a Y-o-Y growth of 13%. The company's database consisted of approximately 16.1 million listings as compared to 14.7 million listings as of December 31, 2014 representing a Y-o-Y growth of 9%. The Company currently has 27 search plus services live on the platform. Total unique visitors (across Voice, PC Internet, Mobile Internet) increased by 13% Y-o-Y to 71.5 mn
OPM decreased by 1062 bps to 21.8% due to increase in employee cost by 470 bps to 55.7% and other expenses by 590 bps to 22.5% of net sales. As a result, the operating profit decreased by 25% to Rs 37.40 crore.
At the end of the quarter, the company had 10198 employees.
Other income has inclined by 177% to Rs 9.57 crore. Depreciation inclined by 32% to Rs 8.08 crore. The profit before tax and EO has decreased by 18% to Rs 38.89 crore.
Tax outgo decreased by 22% to Rs 11.90 crore. Tax rate has decreased from 32.3% to 30.6% on Y-o-Y. The net profit decreased by 16% to Rs 26.99 crore due to decline in OPM.
For the nine months ended December 2015
The net sales have increased by 17% to Rs 511.22 crore. OPM has declined by 445 bps to 24.6%. The operating profit has declined by 1% to Rs 125.54 crore.
Other income inclined by 98% to Rs 42.95 crore. Depreciation has increased by 25% to Rs 22.69 crore. The profit before tax has increased by 12% to Rs 145.80 crore.
Total tax outgo has increased by 2% to Rs 39.33 crore. Tax rate has decreased from 29.6% to 27%. The net profit has increased by 16% to Rs 106.47 crore.
Management Comment:
Mr. V.S.S. Mani, MD & CEO, Just Dial Ltd said:
The steps we have taken to address our revenue growth should yield results over the next few quarters. Our search plus product is now ready for mass communication and we are confident that Justdial will ‘make life easy' for Indian consumers by enabling both search and transact options for all day to day activities
Other Developments
During the quarter ended September, the board of director has approved buyback of upto 25% of aggregate of paidup capital and free reserve of company at maximum price of Rs 1550 per equity share. The buyback approval from regulatory is pending.
Valuation
The stock is trading at Rs 723.95 at BSE.
The promoters hold 32.58% stake in the company
|