Justdial Profit Dips 10% Year-on-Year Despite Revenue Growth
Overview
Justdial reported a 10.2% year-on-year decline in consolidated net profit to INR 117.9 Cr for Q3 FY26. Operating revenue rose 6.3% to INR 305.6 Cr, though profits edged down sequentially. Increased operating expenses pressured margins.
Profitability Under Pressure
Justdial's consolidated net profit saw a 10.2% year-on-year decrease, falling to INR 117.9 crore in the third quarter of FY26. This marks a decline from INR 131.3 crore recorded in the same period last year. The hyperlocal search engine also experienced a slight sequential dip in profit, down 1.2% from INR 119.4 crore in the previous quarter.
Revenue Growth Continues
Despite the profit slump, Justdial's operating revenue showed resilience, climbing 6.3% to INR 305.6 crore during the quarter. This is an increase from INR 287.3 crore in Q3 FY25. However, on a quarter-on-quarter basis, revenue growth was nearly flat, showing minimal change from INR 303 crore.
Expense Management
Operating expenses grew 3.7% year-on-year to INR 223.6 crore from INR 215.5 crore in Q3 FY25. Sequentially, expenses decreased by 2.4% from INR 229.3 crore in the prior quarter, but the overall increase year-on-year contributed to the reduced profitability.
