Just Dial's FY13 PAT up 35% on higher paid listings
Just Dial in a statement said that it received around 364 million search requests from users, 43 percent up YoY in FY13.
Amid enhanced paid listings and higher search requests, local search engine Just Dial has reported 35 percent year-on-year jump in FY13 profit to Rs 68.46 crore. The company’s operating revenue also grew 38 percent Y-o-Y to Rs 262 crore
Operating EBITDA margin was higher by 200 bps to 28 percent in the year gone by.
The firm in a statement said that it received around 364 million search requests from users, 43 percent up Y-o-Y.
The firm further said, while internet platform contributed 62 percent of total search requests, mobile internet visits made up for 12 percent of total search requests.
On the company’s robust performance, V.S.S. Mani, MD and CEO, Just Dial Ltd said: Our FY13 performance was robust on all fronts. Changing ecosystem in India of increasing internet usage driven by smart phones, which is amply reflected in our usage pattern with incremental growth in usage coming from Internet platform driven by mobile internet. As we move forward we plan to deepen our engagement with our users with innovative products and services that are logical extension of the search process”.