wordpress blog stats
Connect with us

Hi, what are you looking for?

JustDial earnings Q1 FY19: to increase ad spend, possible partnerships with telcos

Online classifieds and e-commerce company JustDial has reported a net profit of Rs 38.5 crore for the quarter ending June 30th 2018 (Q1 FY19), marginally up 1% on year. However, the company’s bottom-line fell 1.1% on a quarter-on-quarter (QoQ) basis. JustDial largely attributed its fall in profits to the massive slump in its other income, which fell due to a surge in bond yields during the quarter. JustDial’s other income stood at Rs 8.2 crore for the quarter, down 69% from Rs 26.6 crore in the same quarter last year. Yet, the company remains optimistic over its future. In its earnings call for the quarter ending June, JustDial’s CFO Abhishek Bansal said that the last few quarters had laid a strong foundation for the company in the coming years. The company highlighted the fact that despite having a substantial user base of 100 million quarterly unique users, it recorded a growth of 25% on-year to about 125 million users in Q1 FY19. Answering a question, Bansal said that while the Apr-June quarter has typically yielded high traffic for JustDial, the launch of the firm’s new mobile website also aided the number of visitors. Explaining the rationale behind the company’s optimism, Bansal said that over the last few quarters JustDial had focused on improving its products, as they believed that it would lead to an increase in its user base, which in turn would lead to higher profits. He said, "As we have mentioned earlier as well that first of all user growth has to…

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

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

News

In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection

News

The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.

News

The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."

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