MUMBAI: Just Dial Ltd’s March quarter results show steady traction in its listings business before the covid-19 disruption.
Revenue grew 1.2% from the year ago quarter. Thanks to lower costs, operating earnings grew at a faster pace of 26.4%. Total listings on the company’s platforms grew 14.1%.
Other metrics such as paid campaigns and total app downloads also grew at a decent pace. But the momentum lost steam as covid-19 induced lockdown halted business activity.
Total traffic on the company’s platforms halved in April, the management told analysts. Traffic recovered in May, but only to 65% of the pre-lockdown levels.