wordpress blog stats
Connect with us

Hi, what are you looking for?

JustDial made Rs 3.65 Cr from setting up JD Omni to sellers; net profit at Rs 35.3 Cr in Q4 FY16

Directory services company JustDial reported an operating revenue of Rs 179.61 crore, up 15% year-on-year (YoY), for the quarter ended March 2016 (Q4 FY16). Sequentially,  operating revenues were up 4.83% from Rs 171.33 crore. JustDial's employee count increased to 11,142 from 10,198 employees. In Q2 FY16, JustDial had said that said revenue growth was hit as the company did not make adequate hiring for its sales team.  Last quarter, the company said it would be adding  more than 4,000 employees to handle sales for the company over the next 9-10 months. Net profit stood at Rs 35.3 crore, down 25% from Rs 47.16 crore in the same quarter last year. On a sequential basis, net profit increased 30% from Rs 26.99 crore. However, despite the recent hires, employee related costs increased marginally to Rs 97.76 crore from Rs 95.36 crore in the preceding quarter. Employee costs accounted for 31.6% of total costs. JustDial Omni During the quarter, JustDial also launched JD Omni, an inventory management product to help small businesses manage their online and offline sales, and said that it saw setup fees of Rs 3.65 crore recognized in the quarter. Omni will help small businesses and shops get their own website complete with a payment gateway. “In 10 minutes a person can get going with his own website fully in the sense enabled with payment gateway, he can start using it as a POS system, if it is got a retail outlet,” Mani had explained. Mani added that by getting customers on the Omni platform, JustDial…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Is it safe to consider all "publicly available data" as public?

News

PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.

News

Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ