JUSTDIAL LTD.

Operates an online local search and discovery platform that connects consumers searching for products and services with nearby businesses. Revenue is earned from businesses that pay to list and promote themselves on the platform, including paid campaigns and B2B marketplace offerings such as the JD Mart Super Sixer Pack. In Q1 FY27 the platform recorded 192.9 million unique visitors, 56.1 million total listings and 639,200 paid campaigns, with quarterly net revenue of Rs 327.5 crore, up 9.9% year-on-year. Full-year FY26 revenue stood at Rs 1,213.86 crore against an EBITDA margin of 55.22%, while Q1 FY27 EBITDA margin was 26.7%, a fall of 232 basis points year-on-year. Costs are dominated by people: employee expenses accounted for 59.9% of FY26 revenue, with other operating expenses at 10.7% and depreciation at 3.7%; no material input cost is incurred. Cash and investments on the balance sheet were Rs 6,022 crore in Q1 FY27. The promoter Reliance Retail Ventures Limited holds 74.14% of the equity.