Just Dial revenue grows as profit declines

Research Analyst: UJVIN NEVATIA (PROPRIETOR: NEVAT INVESTMENTS) | SEBI Registration No.: INH100009628 Just Dial Limited (

) reported consolidated net profit of ₹107.8 crore in Q2 FY27, down 9.73% year-on-year. Revenue from operations increased 13.11% to ₹342.82 crore. What happened? Total expenses rose 14.6% year-on-year to ₹262.81 crore, outpacing revenue growth. Total income increased 5.6% to ₹397.38 crore. The results show a gap between revenue growth and profit growth as higher expenses weighed on earnings. Why does it matter? Just Dial continues to grow its operating revenue, but the faster rise in expenses is putting pressure on profitability. Sustaining growth while controlling costs will be important for improving earnings quality. My view The quarter presents a mixed picture. Revenue growth is encouraging, but the decline in net profit suggests that growth is not translating into stronger bottom-line performance. Expense control and operating efficiency deserve attention. What I am watching next I would track revenue growth, expense growth, operating profitability and margins to assess whether Just Dial can convert its growing business into stronger earnings. No Recommendations Source: Business Standard Disclosure: I, my entity, associates or relatives do not have any holding, position or other material interest in Just Dial Limited.