Online classifieds and e-commerce company Justdial has reported a net profit of Rs 37.5 crore for the quarter ended September 2017 (Q2FY18). Net profit was up 26.5% on a year-on-year (YoY) basis and down 1.8% on a quarter-on-quarter (QoQ) basis. The company attributed the lower QoQ net profit due to a decline in other income. Other income stood at Rs 20.05 crore for the quarter, a decline of 22.91% from Rs 26.01 crore in the same quarter last year. Operating revenue stood at Rs 194.5 crore, showing a growth of 7.9% YoY and 2.3% QoQ. Operating EBITDA was at Rs 39.6 crore and witnessed a growth of 76.5% YoY and 21.9% QoQ. Operating EBITDA Margin at 20.4% grew 792 bps YoY and 327 bps QoQ. Justdial's unearned Revenue stood at Rs 277.4 crore as on September 30, 2017, up 13.2% YoY and decline of 4.5% QoQ. Unearned revenue is money received by the company for a service or product that has yet to be fulfilled. It can be thought of "prepayment" for goods and services. Paid campaigns JustDial had conducted 439,700 paid campaigns for advertisers during the quarter, up 7.6% YoY and up 0.9% QoQ. Divide the operating revenue by the number of campaigns, and it appears JustDial made Rs 4435 per paid campaign, up from Rs 4410 per paid campaign in the same quarter last year. Campaigns are essentially paid featured listings/recommendations on JustDial’s search. Total listings on Justdial were 19.8 million, up 17% YoY, adding around 1,021,158 listings during the period. Of these…
