Just Dial Ltd Q4 FY26 Investor Presentation — 182.4M quarterly visitors, 28.9% EBITDA margin
RESULTS
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 13 Apr 2026, 10:30 PM IST · BSE ID: 258a78a8-7920-4dbe-b18c-8fc320debbb7
View Original BSE Filing (PDF)
💡
In Simple Terms
Just Dial released its quarterly and yearly financial results presentation showing 182 million monthly app users and stable 30% profit margins despite treasury losses.
🤖 AI Summary
- Investor presentation filed April 13, 2026 for Q4 FY26 and FY26 full year results.
- Q4 FY26: 182.4 million quarterly unique visitors, Rs 3,072 million operating revenue, 28.9% EBITDA margin.
- Q4 FY26 net profit Rs 1,179 million at 30.2% PAT margin; mobile traffic 85.7% of total.
- Active database: 54.7 million listings, 631,530 paid campaigns, 10,176 total salesforce.
- CFO resigned April 15, 2026 after 12 years service, citing personal reasons; auditor opinion unmodified.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Q4 FY26 Quarterly Unique Visitors
182.4 million
-1.1%
Q4 FY26 Operating Revenue
Rs 3,072 million
Q4 FY26 EBITDA Margin
28.9%
Q4 FY26 Net Profit
Rs 1,179 million
Mobile Traffic Share Q4 FY26
85.7%
Active Paid Campaigns
631,530
Database Listings
54.7 million
Ratings & Reviews
157.1 million
Total Salesforce (Period-End Q4 FY26)
10,176 employees
🏢 How This Affects the Company
Mobile platform dominance (85.7% traffic) confirms strategic shift toward app-based discovery. Visitor count of 182.4 million quarterly sustains market position in Indian local search, though declined 1.1% sequentially from Q3. Paid campaign base of 631,530 reflects stable advertiser engagement across SME segments.
Q4 FY26 EBITDA margin of 28.9% and PAT margin of 30.2% demonstrate operational profitability. Treasury-driven net profit decline (36.6% YoY per press release) masks stable operating performance. Other income volatility from mark-to-market treasury gains introduces quarterly earnings unpredictability.
Salesforce strength 10,176 (as of Q4 FY26 period-end) comprises 5,122 tele-sales, 1,543 field marketing, 3,807 cold calling. Nationwide presence across 11 branch cities and 250+ operational cities with 11,000+ pin codes maintains ground execution capability.
CFO resignation after 12 years introduces management transition risk. Treasury portfolio mark-to-market volatility (Rs 913 million to Rs 1,273 million quarterly) masks underlying operational trends and complicates earning predictability.
👥 What This Means For Shareholders
✅
Action Required
Review next quarterly results (Q1 FY27) for visitor recovery and CFO transition impact; no immediate shareholder action required.
👤
Who Is Affected
All shareholders exposed to earnings volatility from quarterly treasury mark-to-market swings (Rs 486–1,273 million range) and now CFO leadership transition.
🔍
Management Signal
Continued focus on profitable unit economics (30.2% PAT margin, prepaid model) and mobile-first strategy. CFO departure after 12 years signals potential leadership restructuring, timing unclear.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 results — confirm visitor recovery above 182.4M and PAT margin sustains above 28%
CFO replacement announcement — track new CFO appointment timeline and treasury portfolio management continuity
Q1 FY27 other income — monitor if treasury volatility persists above 30% of net profit
MEDIUM RISK
CFO resignation after 12 years, sequential visitor decline 1.1%, and treasury loss volatility (36.6% YoY net profit fall) introduce execution and earnings predictability risks.
💡 Investor Takeaway
Q4 FY26 shows 182.4 million quarterly unique visitors with 28.9% EBITDA margin and Rs 1,179 million net profit. Sequential visitor decline from 184.5M and treasury-driven net profit fall (36.6% YoY) mask stable 30.2% PAT margin. Mobile platform (85.7% traffic) reinforces business model but CFO departure introduces near-term execution uncertainty.
⚖️ Strengths & Concerns
✅ Positives
- Mobile platform captures 85.7% of quarterly traffic (182.4 million visitors Q4 FY26), demonstrating user preference shift and scalability of app infrastructure.
- Operational profitability sustained: Q4 FY26 EBITDA margin 28.9%, PAT margin 30.2%, with employee costs at 64.1% of operating revenue, reflecting efficient cost structure.
⚠️ Concerns
- Sequential quarterly visitor decline: 182.4 million Q4 FY26 versus 184.5 million Q3 FY26 (1.1% drop), signaling potential user engagement softening.
- Net profit collapse 36.6% YoY due to treasury losses, not operations; other income volatility (Rs 486M–Rs 1,273M quarterly) masks true operational earnings clarity.
📅 Company Track Record
Just Dial Q4 FY25 visitors: 184.5 million. Q4 FY26: 182.4 million (decline 1.1%). FY26 full year: auditor issued unmodified opinion; PAT margin ranged 28.1%–39.6% quarterly, driven by treasury mark-to-market volatility. EBITDA margin: 26.1% (Q4 FY24) to 31.2% (Q4 FY25), then 28.9% (Q4 FY26).
Based on publicly available historical data. For context only.