Just Dial Ltd

AGM details

• AGM on Aug 31, 2026 at 5:30 p.m. IST via VC/OAVM.
• Remote e-voting window: Aug 26, 2026 9:00 a.m. IST to Aug 30, 2026 5:00 p.m. IST.
• Cut-off date for attendance and voting: Aug 24, 2026.
• Notice and annual report available on the company website.
• E-voting facility provided via KFintech; portal evoting.kfintech.com.

Financials

• Revenue from operations ₹12,138.6 mn, up 6.3% YoY from ₹11,419.3 mn.
• Total income ₹15,477.2 mn.
• Operating EBITDA ₹3,575.2 mn, margin 29.5%.
• Profit after tax ₹4,970.2 mn, margin 32.1%.
• Earnings per share ₹58.44.
• Net worth ₹51,064.8 mn; cash & investments ₹58,522.5 mn.
• Debt-free balance sheet; advances collections support negative working capital.
• Average quarterly unique visitors 189.4 mn; active listings 54.7 mn; ratings 157.1 mn.

Reach & Scale

• Pan-India reach: 250+ cities, 11 branches, 5,350 field staff.
• 11,000+ pin codes; 47 Tier II/III offices; 5,122 tele-sales staff.
• Traffic mix: 86.5% mobile, 10.6% desktop, 2.9% voice.

Innovation & Product

• AI-led discovery: Ask Anything, multilingual search, voice search, review summaries.
• JD Sixer Pack consolidates six merchant tools into one interface.

Capital & Governance

• Equity capital ₹850.4 mn; 85,044,657 shares; face value ₹10.
• Promoter stake ₹63.84% via Reliance Retail Ventures Limited.
• Dividend: no dividend declared for 2025-26.
• Auditors: Deloitte Haskins & Sells LLP; Secretarial: VKMG & Associates LLP; no qualifications.
• Board: 10 directors, 4 independent.
• ESOP: outstanding 3.6 mn; expense ₹1.1 mn.
• Related party transactions: none material; policy on website.

CSR & Education

• CSR spend ₹52.4 mn; five education projects.
• 1,802 students across five schools; 47% girls.
• Supports five educational institutions including Isha Vidhya and Sri Sri Ravishankar.

People & Culture

• Total employees: 13,070; 85% Gen Y/Z in frontline.
• Manager Development Programme launched Aug 2025; 232 managers trained.
• Well-being initiatives include wellness programs and Hackathon 2025.

Outlook & Risks

• MSME digitisation expands Justdial's addressable market.
• Tier II/III growth; rural internet uptake rising; 579 million not online.
• Risks: data privacy, competition, technology, geography, economy; mitigations described.
• Liquidity remains strong to fund ongoing tech and sales investments.

AGM details

• Mode: VC/OAVM; Date: 26 August 2026; Time: 11:00 IST.
• Record date for dividend entitlement: 21 August 2026.
• Book closure: 20 August 2026 to 2 September 2026.
• Remote e-voting facility available per AGM notice.
• Dividend, if declared, will be paid on the record date.
• Scrutinizer: Navneet Karora & Co. LLP.
• Integrated Report and AGM Notice available on company and stock exchange websites.

Resolutions put to vote

• Ordinary: adoption of financial statements and reports.
• Ordinary: dividend proposal/approval, if any.
• Ordinary: re-appointment of directors.
• Ordinary: appointment/re-appointment of auditors.
• Special: approval of related party transactions.
• Special: approval of ESOPs/stock options or other capital actions.

Voting results

• Voting results not disclosed in the provided text.

Directors & auditors

• No director changes disclosed in this chunk.
• No auditor appointment details provided in this chunk.

Material related party transactions

• No material related party transactions disclosed in this chunk.

Business Overview

• Local search platform connecting SMEs with buyers; monetized via paid ads and premium listings.
• First mover in Indian local search with scalable technology and nationwide coverage.
• Q1 FY27: 192.9 million quarterly visitors and 56.1 million listings.
• JD Pay, ratings, and listings drive SME monetization.

Operational Highlights

• Q1 FY27 revenue ₹3,275m; YoY +9.9%; QoQ +6.6%.
• EBITDA ₹874m; margin 26.7%, down 232 bps YoY.
• Net profit ₹1,663m; net margin 36.2%.
• Total app downloads 44.1m; unique visitors 192.9m; paid campaigns 639,200.
• Unearned revenue ₹5,401m; cash & investments ₹60,221m.
• New listings addition 1,467,180; total listings 56.1m.
• App downloads per day 6,994.

Financial Performance

• Operating Revenue ₹3,275m; YoY +9.9%.
• Operating EBITDA ₹874m; 26.7% margin.
• Other Income ₹1,315m; YoY +3.3%.
• Profit Before Tax ₹2,066m; Net Profit ₹1,663m; Net margin 36.2%.

Capital Structure & Liquidity

• Cash & investments at ₹60,221m; up 10.9% YoY.
• Unearned revenue ₹5,401m; QoQ -2.8%.
• Promoter stake remains majority; governance structure disclosed.

Strategic Priorities & Outlook

• Strategy emphasizes first-mover advantage in local search and scalable platform.
• Growth driven by listings expansion, higher unique visitors, and pan-India campaigns.
• JD Pay and premium content monetization to be expanded.

Governance & Leadership

• Executive Director: V S S Mani.
• Independent Directors: Krishnan Sudarshan; Ranjit Pandit; Bhama Krishnamurthy; Prof. Dipak C. Jain.
• Non-Executive Directors: V. Subramaniam; Ashwin Khasgiwala; Geeta Fulwadaya; Anshuman Thakur; Dinesh Taluja.
• Company Secretary & Compliance Officer: Manan Udani.
• No major governance changes announced in the quarter.

Financial highlights

• Revenue: ₹327.5 Cr in 1Q FY27, up 9.9% YoY and 6.6% QoQ.
• EBITDA: ₹87.4 Cr; margin 26.7%; up 1.1% YoY.
• Operating PBT: ₹75.1 Cr; up 4.9% YoY.
• Net Profit: ₹166.2 Cr; up 4.1% YoY.
• Other Income: ₹1,315 Cr; up 3.3% YoY, 170.3% QoQ on MTM gains.
• Cash & Investments: ₹60,221 Cr as on 30 June 2026.
• Unique Visitors: 192.9 million; -0.2% YoY; +5.8% QoQ.
• Total Listings: 56.1 million; +13.0% YoY; Geocoded: 41.7 million; +19.7% YoY.
• Active Campaigns: 639,200; +3.5% YoY.
• Total App Downloads: 44.1 million; +8.2% YoY.
• Employees: 13,337; +2.1% YoY.

Strategic/operational developments

• Expanded deployment of AI across Voice, WhatsApp, and AI-powered sales assistants.
• AI enhances lead nurturing, buyer-seller matches, and support processes.
• Launched JD Mart Super Sixer Pack for premium B2B seller benefits.
• JD Mart platform expanded to MSMEs; end-to-end SME management solution introduced.
• JD Pay launched to enable quick digital payments.

Management changes

• Appointed Dinkar Ayilavarapu as CEO designate and KMP, effective July 10, 2026; to assume Aug 1, 2026.
• V.S.S. Mani to complete term as MD & CEO on July 31, 2026.
• Resigned as Non-executive Director; in view of proposed CFO appointment.
• Appointed Dinesh Taluja as CFO and KMP, effective July 11, 2026.
• Profile: 20+ years in digital commerce; ex-Flipkart Wholesale leader; Bain & Co veteran.
• Profile: IIT Delhi BTech, IIM Ahmedabad MBA; 20+ years in IB/Consulting; CFO at Reliance Retail.

Meeting Details

• Date: Friday, July 10, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited Q1 FY2026 financial results for quarter ended June 30, 2026.

Other Notes

• No other material notes disclosed in the filing.