Just Dial shares fall 5% as weakness in growth, unique visitors impacts Q4 results

Shares of Just Dial Ltd. declined as much as 5% on Wednesday, April 15, after the company reported a subdued set of fourth quarter numbers.

Just Dial's revenue growth remained muted, rising just 0.5% sequentially and 6.3% year-on-year. For the full financial year 2026, revenue growth also stood at 6.3%.

Margins saw some pressure on a sequential basis, although they remained broadly stable compared to last year. Earnings before interest, tax, depreciation and amortisation (EBITDA) margin came in at 28.9%, down from 31.2% in the previous quarter and 29.8% a year ago.

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Profitability took a sharper hit, with profit after tax declining 15.2% quarter-on-quarter and 36.5% year-on-year. The drop was largely driven by lower other income, which fell to ₹48.6 crore from ₹84.6 crore in the previous quarter, primarily due to mark to market losses on the treasury book.

The base also included an exceptional loss of ₹21.1 crore in the year-ago period, while there were no such items this quarter.

Operationally, growth in paid campaigns remained weak, rising just 3% sequentially, marking the slowest pace in the last four years.

The company, however, continues to maintain a strong balance sheet, with cash and equivalents of ₹5,852 crore.

Separately, the company announced the resignation of its Chief Financial Officer and Key Managerial Personnel, Abhishek Bansal, effective close of business on April 15, 2026.

Bansal stepped down citing personal career reasons, ending a 12 year stint with the company, including over eight years as Chief Financial Officer.