Dialling up profits Justdial rings in a steady quarter

MUMBAI: If consistency had a caller tune, Justdial Limited would be playing it this quarter. The local search and listings major reported a solid set of unaudited results for the quarter ended December 31, 2025, with performance marked by steady revenues, disciplined costs and resilient profitability. Net revenue from operations for the quarter came in at Rs 305.7 crore, up from Rs 287.3 crore in the corresponding quarter last year, reflecting sustained demand across its services portfolio.

Including other income of Rs 84.6 crore, total income for the quarter stood at Rs 390.3 crore, compared with Rs 364.7 crore a year ago. Employee benefit expenses remained the largest cost head at Rs 179.1 crore, while total expenses were contained at Rs 223.6 crore, enabling the company to post a profit before tax of Rs 145.6 crore, after factoring in the impact of new labour codes amounting to Rs 21.1 crore.

Net profit for the quarter closed at Rs 117.9 crore, marginally lower than Rs 131.3 crore in the same period last year, largely due to higher tax provisions and the one-time labour code adjustment. Earnings per share for the quarter stood at Rs 16.35, compared with Rs 15.44 in the year-ago period, underlining steady shareholder returns.

For the nine months ended December 31, 2025, Justdial reported net revenue from operations of Rs 906.6 crore, up from Rs 852.7 crore in the corresponding period last year. Total income during the nine-month period rose to Rs 1,191.9 crore, while net profit stood at Rs 397.0 crore, compared with Rs 426.6 crore in the previous year period.

On a full-year basis, for the year ended March 31, 2025, the company had posted net revenue of Rs 1,141.9 crore and a net profit of Rs 584.2 crore, providing a strong base for the current financial year. Justdial’s balance sheet also remained robust, with other equity at Rs 4,521.5 crore, offering ample headroom for future investments and strategic flexibility.

While growth this quarter was measured rather than dramatic, the numbers suggest a business that continues to generate healthy cash flows and protect margins in a competitive digital listings market. For Justdial, it may not have been a flashy quarter, but it was one where the fundamentals stayed firmly connected.