Just Dial Q3 FY26: Margin Expansion Offsets Regulatory Impact

Analysts say Just Dial’s Q3 FY26 results reflect resilient operations despite regulatory headwinds. 📈 📊 Key Financial Highlights: ✅ Revenue rose 6.4% YoY to ₹306 Cr, driven by steady demand. ✅ EBITDA margin improved by 103 bps YoY to 31.17%, signalling enhanced cost control and sales efficiency. ⚠️ Net profit declined 10.2% YoY to ₹118 Cr, weighed down by a one-time ₹21 Cr charge linked to the New Labour Code implementation. 🔍 Operational Insights: 🧪 Active listings expanded 11.1% YoY to 52.8 million, reflecting strong platform growth. 📱 User engagement remains robust with 184.5 million unique visitors, 86% of which accessed via mobile. 🚦 Technical Snapshot (NSE): 📌 The stock is consolidating near its 52-week low around ₹701-₹711, showing firm support. 📌 Current price at ₹733 indicates recovery momentum. 📌 A breakout above ₹745 could spark a rally towards ₹780-₹800 levels. 📈 Despite trading below the 200-day SMA of ₹838, volume trends and search interest (+88% in 30 days) suggest accumulation at attractive valuations. 💡 Takeaway: Just Dial demonstrates cautious optimism — operational strength and margin expansion cushion the impact of regulatory costs. Investors should watch for a technical breakout as a potential signal for near-term upside.