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Justdial reports net profit of Rs 38.5cr in Q1FY19, marginally up from previous year

Online classifieds and e-commerce company Justdial has reported a net profit of Rs 38.5 crore for the quarter ended 30th June 2018 (Q1 FY19). Profit was marginally up 1% on a year-on-year (YoY) basis, and down 1.1% on a quarter-on-quarter (QoQ) basis. Other income stood at Rs 8.2 crore for the quarter, down 69% from Rs 26.6 crore in the same quarter last year. The company said that the dip is due to increase in bond yields in Q1-FY19 resulting in mark-to-market losses on long-maturity investments (such as tax-free bonds among others) in its investment portfolio. Operating revenue stood at Rs 211.4 crore, showing a growth of 11.3% YoY and 5.5% QoQ. Operating EBITDA was at Rs 57.4 crore and witnessed a growth of 76.7% YoY and of 25.5% QoQ. Operating EBITDA Margin at 29.5% grew 985bps YoY and 511bps QoQ. Justdial’s unearned revenue stood at Rs 371 crore as on June 30, 2018, up 28% YoY and 11.5% 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 as “prepayment” for goods and services. Paid campaigns JustDial had conducted 452,900 paid campaigns for advertisers during the quarter, up 4% YoY and up 1.8% QoQ. Divide the operating revenue by the number of campaigns, and it appears JustDial made Rs 4667.6 per paid campaign, up from Rs 4504.5 per paid campaign in the same quarter last year. Campaigns are essentially paid featured listings/recommendations on JustDial’s search. Total…

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