Just Dial Q2 FY27 Results: Net Profit down 9.7% YoY to ₹1,078 million
RESULTS
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 19 Oct 2026, 10:12 PM IST · BSE ID: 3f344b97-8a8b-4023-a249-4ce2b55093fe
View Original BSE Filing (PDF)
💡
In Simple Terms
Just Dial's revenue increased, but its Q2 profit declined due to lower income from other sources, despite growth in business listings.
🤖 AI Summary
- Just Dial reported Q2 FY27 Operating Revenue of ₹3,428 million, up 13.1% YoY.
- Net Profit was ₹1,078 million, a 9.7% YoY decline, attributed to lower other income.
- Operating EBITDA reached ₹907 million, with a 26.4% EBITDA Margin in Q2 FY27.
- Active Paid Campaigns increased 5.2% YoY to 656,520; Total Listings grew 12.2% YoY to 57.4 million.
- Cash and Investments stood at ₹61,139 million as of September 30, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Operating Revenue
3,428 ₹ million
13.1%
Net Profit
1,078 ₹ million
-9.7%
Operating EBITDA
907 ₹ million
4.1%
Other Income
546 ₹ million
-25.6%
Cash & Investments (period end)
61,139 ₹ million
9.8%
Paid campaigns (period end)
656,520
5.2%
🏢 How This Affects the Company
The company's Operating Revenue increased by 13.1% YoY, supported by a 5.2% YoY growth in active paid campaigns and a 12.2% YoY increase in total business listings, strengthening its market position in local business discovery. Strategic investments in AI and B2B expansion are underway to enhance platform capabilities and merchant value.
Net Profit decreased by 9.7% YoY to ₹1,078 million, primarily driven by a 25.6% YoY decline in Other Income to ₹546 million. Operating EBITDA grew 4.1% YoY to ₹907 million, though Operating EBITDA Margin decreased by 228 bps YoY to 26.4%.
Just Dial continued investing in AI-led capabilities, automation, and B2B expansion, accounting for approximately one-third of incremental expenditure. The platform recorded 198.4 million unique visitors and added 1,309,647 net listings during the quarter, indicating ongoing operational growth and platform development.
The decline in Net Profit, linked to lower other income amid elevated yield rates, highlights reliance on non-core income sources. The significant QoQ decrease in Other Income (58.5%) and Net Profit (35.1%) signals volatility in these financial metrics.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this financial results announcement.
👤
Who Is Affected
Shareholders are affected by the company's financial performance, specifically the 9.7% YoY decline in Net Profit to ₹1,078 million and the 13.1% YoY increase in Operating Revenue to ₹3,428 million.
🔍
Management Signal
Management is prioritizing investments in AI-led capabilities and B2B expansion, indicating a focus on long-term growth and platform enhancement, despite near-term pressure on net profit from other income.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q3 FY27 results — monitor Operating Revenue and Net Profit trends.
Impact of AI and B2B investments on future operational expenditure and revenue.
Changes in Other Income contribution and its effect on overall profitability.
MEDIUM RISK
Reliance on Other Income and its volatility impacting Net Profit, alongside declining margins, presents a financial risk.
💡 Investor Takeaway
Just Dial reported Q2 FY27 Operating Revenue of ₹3,428 million, up 13.1% YoY. Net Profit declined 9.7% YoY to ₹1,078 million, impacted by a 25.6% YoY drop in Other Income to ₹546 million. Active Paid Campaigns increased 5.2% YoY to 656,520.
⚖️ Strengths & Concerns
✅ Positives
- Operating Revenue grew 13.1% YoY to ₹3,428 million, and Active Paid Campaigns increased 5.2% YoY to 656,520, demonstrating core business expansion.
- Cash and Investments increased 9.8% YoY to ₹61,139 million as on September 30, 2026, indicating a strong financial reserve.
⚠️ Concerns
- Net Profit decreased 9.7% YoY to ₹1,078 million, primarily due to a 25.6% YoY decline in Other Income to ₹546 million.
- Operating EBITDA Margin reduced by 228 bps YoY to 26.4%, with Net Profit Margin also down 460 bps YoY to 27.1%.
📅 Company Track Record
In Q1 FY27, Just Dial's board approved results on July 10, 2026. Prior to that, in Q4 FY26, the company reported 182.4 million visitors and a 30.2% PAT margin. Q2 FY27 Net Profit of ₹1,078.1 million decreased from ₹1,194.4 million YoY, as per a previous filing.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Just Dial's Operating Revenue for Q2 FY27?
Just Dial's Operating Revenue for the second quarter ended September 30, 2026, was ₹3,428 million, reflecting a YoY growth of 13.1%.
What was Just Dial's Net Profit in Q2 FY27?
Just Dial reported a Net Profit of ₹1,078 million for Q2 FY27, which represents a YoY decline of 9.7%.
How did Other Income contribute to Just Dial's Q2 FY27 results?
Other Income for Just Dial in Q2 FY27 stood at ₹546 million, decreasing by 25.6% YoY and 58.5% QoQ.
What was the number of active paid campaigns for Just Dial in Q2 FY27?
Active Paid Campaigns at the end of Q2 FY27 for Just Dial stood at 656,520, showing a 5.2% YoY increase.
What was Just Dial's Cash and Investments position as of September 30, 2026?
Cash and Investments for Just Dial as of September 30, 2026, were ₹61,139 million, an increase of 9.8% YoY.
Questions based on this BSE filing only. For information purposes.