Just Dial shares soared by 14% following the announcement of a 4.1% year-on-year increase in net profit to Rs 166.2 crore for the first quarter ending June 30, 2026. The company's revenue also saw a significant rise, growing 9.9% YoY to Rs 327.5 crore, marking its fastest sequential growth in a decade, excluding the post-pandemic recovery period.
The company's EBITDA grew slightly by 1.1% YoY to Rs 87.4 crore, with a stable EBITDA margin of 26.7%. Just Dial's total traffic, measured by unique visitors, reached 192.9 million during the quarter, a slight decrease of 0.2% YoY but an increase of 5.8% QoQ. Mobile platforms accounted for 86.5% of this traffic.
Active listings on Just Dial increased by 13% YoY to 56.1 million, with a net addition of 1.47 million listings during the quarter. The company also reported a 19.7% YoY rise in geocoded listings to 41.7 million and a 14.1% YoY increase in listing images to 262.9 million.
Management attributed the robust performance to disciplined execution in its core business and ongoing investments in technology, particularly artificial intelligence. AI is enhancing customer experience and operational efficiency, with AI-powered voice agents improving buyer-seller matching.
As of June 30, 2026, Just Dial held Rs 6,022.1 crore in cash and investments on its balance sheet, providing a strong financial foundation for future growth. The company also saw a 3.5% YoY increase in active paid campaigns, totaling 639,200.
Background
Just Dial is a leading local search platform in India, offering search and discovery services. Despite the recent surge, Just Dial shares are down 12% on a YTD basis and have fallen 31% over the past year.
Looking ahead, Just Dial plans to continue leveraging AI to drive growth and improve service quality. Investors will be keen to see how these technological advancements impact future earnings and market share.
