In an interview to CNBC-TV18, Ramkumar Krishnamachari, chief financial officer Just Dial, shares his insights on the company‘s Q3 numbers and his outlook for the upcoming quarters.
Just Dial‘s third quarter profit is expected to surge 26 percent year-on-year to Rs 37.5 crore, according to the average of estimates of analysts polled by CNBC-TV18.
Ramkumar Krishnamachari, chief financial officer says the recently approved fundraising plans would allow the company to pursue strategic objectives.
Revenue is seen going up by 29.4 percent to Rs 145.7 crore in the quarter ended September 2014 from Rs 112.6 crore in corresponding quarter of last fiscal driven by strong growth in search business.
Profit after tax is expected to be at Rs 27 crore on revenues of Rs 121.5 crore for the quarter. It had reported revenue growth of 28 percent during April-September period of FY14.
According to Rajkumar Krishnamachari, CFO of Just Dial, the sequential decline in margins in Q2 was due to employee addition which pushed costs and one-time spend by way of reward to employees.
Ramkumar Krishna Machari, CFO of Just Dial told CNBC-TV18 that company‘s margins are normally high in the first quarter and then it falls. In FY14 also he is expecting that 35 percent EBITDA margin should come down, but it will definitely expand than what it was in FY13.