Shares of Just Dial Ltd. declined as much as 5% on Wednesday, April 15, following the company's subdued fourth quarter performance. According to reports from CNBC TV18, the stock movement reflected investor concerns over the company's weak growth metrics and margin pressures during the quarter.
The company's revenue growth remained constrained across multiple periods, with revenue rising just 0.5% sequentially and 6.3% year-on-year for the fourth quarter. As reported by CNBC TV18, for the full financial year 2026, revenue growth also stood at 6.3%, indicating sustained pressure on top-line performance. The muted growth reflects challenges in the company's core business segments.
Earnings before interest, tax, depreciation and amortisation (EBITDA) margin came in at 28.9%, down from 31.2% in the previous quarter and 29.8% a year ago. According to CNBC TV18, profitability took a sharper hit with profit after tax declining 15.2% quarter-on-quarter and 36.5% year-on-year. The drop was largely driven by lower other income, which fell to ₹48.6 crore from ₹84.6 crore in the previous quarter, primarily due to mark to market losses on the treasury book.
Operationally, growth in paid campaigns remained weak, rising just 3% sequentially, marking the slowest pace in the last four years. As reported by CNBC TV18, the company continues to maintain a strong balance sheet with cash and equivalents of ₹5,852 crore. The weak campaign growth indicates potential challenges in the company's core advertising business model.
Separately, the company announced the resignation of its Chief Financial Officer and Key Managerial Personnel, Abhishek Bansal, effective close of business on April 15, 2026. According to CNBC TV18, Bansal stepped down citing personal career reasons, ending a 12-year stint with the company, including over eight years as Chief Financial Officer. This leadership transition comes amid the company's operational challenges.
