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JUSTDIAL Q2 FY27 results: net profit down 9.7% to ₹107.81 crore, revenue up 13.1%
Just Dial Limited reported standalone Q2 FY27 revenue of ₹342.82 crore, up 13.1% from Q2 FY26, while EBITDA rose to ₹90.65 crore and the margin fell to 26.4%. Net profit declined 9.7% year on year to ₹107.81 crore, and basic EPS was ₹12.68, as lower other income and higher employee and other expenses weighed on profit.
Key points
- Revenue was ₹342.82 crore, up ₹39.75 crore or 13.1% from ₹303.07 crore in Q2 FY26.
- EBITDA was ₹90.65 crore, up ₹3.59 crore or 4.1% from ₹87.06 crore, while EBITDA margin fell 2.3 percentage points to 26.4%.
- Net profit was ₹107.81 crore, down ₹11.63 crore or 9.7% from ₹119.44 crore, and basic EPS fell to ₹12.68 from ₹14.04.
- Other income declined to ₹54.56 crore from ₹73.30 crore, while total expenses rose to ₹262.81 crore from ₹229.36 crore.
- For H1 FY27, revenue was ₹670.29 crore, up 11.5%, and net profit was ₹274.03 crore, down 1.8%, compared with H1 FY26.
How did JUSTDIAL perform in Q2 FY27?
Just Dial reported standalone revenue of ₹342.82 crore for Q2 FY27, up ₹39.75 crore or 13.1% from ₹303.07 crore in Q2 FY26 and ₹15.35 crore or 4.7% from ₹327.47 crore in Q1 FY27. Total income was ₹397.38 crore, up ₹21.01 crore year on year but down ₹61.55 crore sequentially. The results were filed as unaudited standalone figures for the quarter and half year ended 30 September 2026.
EBITDA rose to ₹90.65 crore from ₹87.06 crore a year earlier, an increase of ₹3.59 crore or 4.1%, and from ₹87.40 crore in the previous quarter. EBITDA margin declined 2.3 percentage points year on year to 26.4% and 0.3 percentage points sequentially from 26.7%. Profit before tax was ₹134.57 crore, down 8.5% from ₹147.01 crore and 34.9% from ₹206.59 crore.
Net profit was ₹107.81 crore, down ₹11.63 crore or 9.7% from ₹119.44 crore in Q2 FY26 and ₹58.41 crore or 35.1% from ₹166.22 crore in Q1 FY27. Basic EPS was ₹12.68, compared with ₹14.04 in the year-ago quarter and ₹19.54 in the previous quarter. The PAT margin was 31.4%, down 8.0 percentage points year on year and 19.4 percentage points sequentially.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 342.82 | 327.47 | 303.07 | +13.1% | +4.7% |
| Other income | 54.56 | 131.46 | 73.30 | −25.6% | −58.5% |
| Total expenses | 262.81 | 252.34 | 229.36 | +14.6% | +4.1% |
| EBITDA | 90.65 | 87.40 | 87.06 | +4.1% | +3.7% |
| EBITDA margin | 26.4% | 26.7% | 28.7% | −2.3 pp | −0.3 pp |
| Profit before tax | 134.57 | 206.59 | 147.01 | −8.5% | −34.9% |
| Tax | 26.76 | 40.37 | 27.57 | −2.9% | −33.7% |
| Net profit | 107.81 | 166.22 | 119.44 | −9.7% | −35.1% |
| EPS (₹) | 12.68 | 19.54 | 14.04 | −9.7% | −35.1% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in JUSTDIAL's costs and profit?
Total expenses increased by ₹33.45 crore or 14.6% to ₹262.81 crore from ₹229.36 crore in Q2 FY26. Employee benefit expense was the largest increase, rising ₹24.95 crore or 13.6% to ₹208.67 crore, while other expenses rose ₹11.21 crore or 34.7% to ₹43.50 crore. Finance cost fell ₹0.38 crore or 18.0% to ₹1.73 crore, while depreciation and amortisation declined ₹2.33 crore or 20.7% to ₹8.91 crore.
Other income fell ₹18.74 crore or 25.6% to ₹54.56 crore from ₹73.30 crore. Sequentially, it was down ₹76.90 crore or 58.5% from ₹131.46 crore in Q1 FY27. This decline was among the factors behind the lower profit before tax, which fell ₹72.02 crore or 34.9% sequentially to ₹134.57 crore.
Tax expense was ₹26.76 crore, down ₹0.81 crore or 2.9% from ₹27.57 crore in the year-ago quarter and ₹13.61 crore or 33.7% from ₹40.37 crore in the previous quarter. The company reported no exceptional item in Q2 FY27, Q2 FY26 and Q1 FY27, so the quarter’s profit before tax and net profit carried no exceptional-item adjustment.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 0 | 0 | 0 | |
| Employee cost | 208.67 | 183.72 | +24.95 | +13.6% |
| Finance costs | 1.73 | 2.11 | −0.38 | −18.0% |
| Depreciation | 8.91 | 11.24 | −2.33 | −20.7% |
| Other expenses | 43.50 | 32.29 | +11.21 | +34.7% |
| Total expenses | 262.81 | 229.36 | +33.45 | +14.6% |
| Other income | 54.56 | 73.30 | −18.74 | −25.6% |
| Tax | 26.76 | 27.57 | −0.81 | −2.9% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
Profit before tax was ₹341.16 crore, down ₹4.76 crore or 1.4% from ₹345.92 crore in H1 FY26. Net profit declined ₹5.06 crore or 1.8% to ₹274.03 crore from ₹279.09 crore, and basic EPS was ₹32.22 compared with ₹32.82. The half-year figures include revenue of ₹342.82 crore and net profit of ₹107.81 crore in Q2 FY27.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 670.29 | 600.93 | +11.5% |
| Profit before tax | 341.16 | 345.92 | −1.4% |
| Net profit | 274.03 | 279.09 | −1.8% |
| EPS (₹) | 32.22 | 32.82 | −1.8% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets increased to ₹6,316.99 crore as on 30 September 2026 from ₹6,044.17 crore as on 31 March 2026. Total equity rose to ₹5,376.38 crore from ₹5,106.48 crore, while borrowings remained nil. Cash and cash equivalents were ₹2.21 crore, compared with ₹6.72 crore at the previous balance-sheet date; trade payables were ₹17.45 crore versus ₹16.83 crore.
H1 FY27 operating cash flow was ₹115.21 crore, compared with ₹115.02 crore in H1 FY26. Investing cash flow was an outflow of ₹104.58 crore versus ₹107.34 crore, while financing cash flow was an outflow of ₹15.14 crore versus ₹15.77 crore. Capital expenditure was ₹4.15 crore in H1 FY27, compared with ₹1.42 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 6,317 | 6,044 |
| Total equity | 5,376 | 5,106 |
| Borrowings | 0 | 0 |
| Cash and equivalents | 2.21 | 6.72 |
| Inventories | 0 | 0 |
| Trade receivables | 0 | 0 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 115.21 | 115.02 |
| Cash from investing | −104.58 | −107.34 |
| Cash from financing | −15.14 | −15.77 |
| Capital expenditure | 4.15 | 1.42 |
Source: Company's results filing (XBRL).
How has JUSTDIAL done over the last 8 quarters?
Revenue rose in each of the last eight quarters on a year-on-year basis and reached ₹342.82 crore in Q2 FY27, the highest point in the period shown. The lowest quarterly revenue was ₹287.33 crore in Q3 FY25, and the latest quarter continued the upward revenue direction with 4.7% sequential growth.
Net profit was volatile over the last eight quarters: it peaked at ₹166.22 crore in Q1 FY27 and was lowest at ₹100.00 crore in Q4 FY26. It fell to ₹107.81 crore in Q2 FY27 from ₹119.44 crore in Q2 FY26. EBITDA margin peaked at 31.2% in Q3 FY26 and was lowest at 26.4% in Q2 FY27, continuing the decline from 26.7% in the previous quarter.
What else did the company announce?
The board approved the unaudited standalone financial results for the quarter and half year ended 30 September 2026 at its meeting on 19 October 2026. The filing stated that the Audit Committee had reviewed and recommended the results, which were prepared under Ind AS 34 and accompanied by an independent auditor’s review report. The same-day filings provided no dividend, fund-raising or appointment announcement.
What did JUSTDIAL's management say?
Management said revenue growth was led by paid campaigns and active-listing expansion. Paid campaigns increased to 656,520 in Q2 FY27 from 623,970 in Q2 FY26, while active listings rose to 57.4 million from 51.2 million. The presentation also showed quarterly unique visitors at 198.4 million and ratings and reviews at 164.0 million.
Management identified employee costs, lower other income and promoter concentration as areas of concern. Employee costs were 60.9% of operating revenue in Q2 FY27, compared with 61.2% in Q2 FY25, while other income fell 25.6% year on year. Reliance Retail Ventures held 63.83%, and the promoter group held 74.14%. No formal guidance was provided.
Management said the commercial footprint covered 500+ cities and 11,000+ pin codes, with feet-on-street sales supported by tele-sales. Product priorities included JD Mart conversational RFQ and AI supplier matching, JD Omni website building, the JD Business dashboard, Lead Bank, AI-led onboarding and AI merchant review response. The presentation did not provide analysts’ questions or answers.
How did JUSTDIAL shares react?
After the filing appeared after market hours, the stock was down 2.3% after five minutes, down 0.3% after 15 minutes and down 1.2% after 30 minutes. From the pre-results close of ₹745.00, the reaction-day close was up 3.4% at ₹708.05. By the next day’s close, the stock was up 0.3% from the pre-results close; by the fifth session’s close, it was down 8.2%.
The Internet & Catalogue Retail industry median moved up 0.6% on the reaction day, down 1.3% by the next close and down 2.4% by the fifth close. JUSTDIAL therefore moved 2.7 percentage points above the industry median on the reaction day, 1.6 percentage points above it by the next close and 5.8 percentage points below it by the fifth close. The Nifty Microcap 250 fell 2.6%, 3.6% and 3.8% over the corresponding closes.
Earlier reaction-day moves were mixed: the stock rose 19.6% on 10 July 2026 and 20.6% on 16 July 2024, while it fell 13.4% on 10 January 2025 and 5.1% on 13 April 2026. Other declines included 5.0% on 13 October 2025, 4.9% on 15 July 2025 and 2.1% on 13 January 2026.
| After the filing | Stock | Internet & Catalogue Retail median |
|---|---|---|
| 5 minutes | −2.3% | |
| 15 minutes | −0.3% | |
| 30 minutes | −1.2% | |
| Reaction day | +3.4% | +0.6% |
| Next day | +0.3% | −1.3% |
| 5 days | −8.2% | −2.4% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 10 July 2026 | +19.6% |
| 13 April 2026 | −5.1% |
| 13 January 2026 | −2.1% |
| 13 October 2025 | −5.0% |
| 15 July 2025 | −4.9% |
| 10 January 2025 | −13.4% |
| 11 October 2024 | +3.0% |
| 16 July 2024 | +20.6% |
Source: MarketPing price-reaction measurement.
Quick answers
What was JUSTDIAL's revenue in Q2 FY27?
Revenue from operations was ₹342.82 crore, up 13.1% from ₹303.07 crore in Q2 FY26 (standalone).
Did JUSTDIAL make a profit in Q2 FY27?
Yes. Net profit was ₹107.81 crore, against a net profit of ₹119.44 crore in Q2 FY26.
What was JUSTDIAL's EPS in Q2 FY27?
Basic earnings per share were ₹12.68, against ₹14.04 in Q2 FY26.
How did JUSTDIAL shares react to the Q2 FY27 results?
On the reaction day the stock moved +3.4% from the previous close; the median Internet & Catalogue Retail stock moved +0.6%.
When did JUSTDIAL announce its Q2 FY27 results?
On 19 October 2026, in a filing to the NSE.
Sources
- Board Meeting Intimation for Considering And Approving The Unaudited Financial Results Of The Company For The Second Quarter And Half Year Ended September 30, 2026 (BSE, 12 October 2026) · PDF
- Outcome of Board Meeting (NSE, 19 October 2026) · PDF
- The investor presentation (19 October 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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