Mumbai, India – Justdial, a leading local search engine in India, has reported its financial results for the first quarter of fiscal year 2024 (Q1 FY24). The company reported impressive growth in its user base and operating revenue.
Justdial’s total active users (TAU) grew by 12% year-on-year to 17.03 crore in Q1 FY24. The company’s operating revenue grew by 24% year-on-year to Rs 247.1 crore in Q1 FY24.
The company’s strong growth was driven by the continued growth of its online marketplace and its expansion into new categories. Justdial’s online marketplace, Justdial MarketPlace, saw a 30% year-on-year increase in GMV in Q1 FY24. The company also expanded into new categories such as home services and education, which helped to drive its growth.
Justdial’s CEO and MD, V.S.S. Mani, said, “We are pleased with our performance in Q1 FY24. We have seen strong growth in our user base and operating revenue. We are confident that we will continue to grow in the coming quarters.”
Justdial is a leading local search engine in India. The company has a strong user base of over 17 crore people. Justdial’s online marketplace, Justdial MarketPlace, is one of the largest online marketplaces in India. The company also offers a variety of other services, including yellow pages, business listings, and local reviews.
Key takeaways from the story:
- Justdial reported impressive growth in its user base and operating revenue in Q1 FY24.
- The company’s TAU grew by 12% year-on-year to 17.03 crore.
- The company’s operating revenue grew by 24% year-on-year to Rs 247.1 crore.
- The company’s strong growth was driven by the continued growth of its online marketplace and its expansion into new categories.
- Justdial is a leading local search engine in India with a strong user base of over 17 crore people.
Implications of the story:
Justdial’s strong performance in Q1 FY24 is a positive sign for the company. The company’s continued growth is a testament to its strong brand and its ability to adapt to the changing digital landscape.
Justdial’s growth is also a positive sign for the Indian local search market. The market is growing rapidly, and Justdial is well-positioned to capitalize on this growth.
The company’s expansion into new categories is also a positive sign. This shows that Justdial is looking to grow its business beyond its traditional core business of local search.
Overall, Justdial’s strong performance in Q1 FY24 is a positive sign for the company and the Indian local search market.