e-commerce
Just Dial reports 86 per cent jump in PAT for Q3-2014
BENGALURU: Indian search engine and directory services provider Just Dial limited (Just Dial) reported a jump of 86.4 per cent in its PAT for Q3-2014 to Rs 29.75 crore from Rs 15.96 crore in Q3-2013 and 3.8 per cent more than the Rs 28.66 crore in Q2-2014.
The company reported a 25.92 per cent increase in total income to Rs 119.86 crore in Q3-2014 from Rs 95.19 crore in Q3-2013 and 6.39 per cent more than the Rs 112.66 crore in Q2-2014.
Let us look at the other figures reported by Just Dial for Q3-2014
Expense for Q3-2014 at Rs 90.77 crore was 20.24 per cent more than the Rs 75.49 crore in the corresponding quarter of last year and 10.87 per cent more than the Rs 81.87 crore in the immediate trailing quarter.
Employee cost hiked by 27.36 per cent to Rs 59.59 crore in Q3-2014 from Rs 46.79 in Q3-2013 and 3.22 per cent more than the Rs 57.73 crore in Q2-2014. Other expense went up by 9.25 per cent to Rs 26.93 crore in Q3-2014 from Rs 24.65 crore in Q3-2013 and 36.7 per cent more than the Rs 19.7 crore in Q2-2014.
In October 2013, Just Dial received an order from the Government of Karnataka permitting the company to establish an IT/ITES – BPO and Software Development centre at IT/ITES Park at Devanahalli Industrial Area in Bangalore by August 2015. The company has sought certain clarification regarding the order from Karnataka Industrial Area Development Board. During the quarter the company paid and advance of Rs 7.5 crore to KIADB towards the project.
e-commerce
Flipkart rolls out 105 per cent bonus for 20,000 employees
Strong FY25 performance drives payouts even as layoffs and shifts unfold.
MUMBAI: In a year where belts were tightened and rewards loosened, Flipkart seems to be playing both offence and defence trimming roles on one hand while handing out a generous 105 per cent bonus on the other. The Walmart owned e commerce major has rolled out a 105 per cent bonus payout for 2025, covering nearly 20,000 employees, signalling a year of steady operational momentum even as the company navigates restructuring pressures. The payout, communicated internally by chief human resources officer Seema Nair, is tied to performance across key metrics including growth, operational efficiency, financial outcomes and people indicators, a combination that suggests the company is inching closer to its long stated goal of sustainable profitability.
Employees at SD level and below are set to receive their bonuses in March, while payouts for senior leadership, including vice presidents and senior vice presidents, will follow after the close of the performance cycle. The elevated 105 per cent multiplier stands out in a sector where cautious payouts have increasingly become the norm, pointing to what appears to be a relatively strong internal scorecard for FY25.
Yet, the announcement arrives with a noticeable contrast. Earlier this year, Flipkart reduced its workforce by around 300 roles as part of its annual performance review process. While officially framed as performance driven, the juxtaposition of layoffs alongside above target bonuses reflects a more nuanced balancing act, one that prioritises cost discipline while continuing to reward and retain high performing talent.
This dual approach is becoming increasingly common across the technology and e commerce landscape, where companies are navigating an uneven hiring environment while under pressure to deliver profitability. Rewarding top contributors, even amid selective workforce reductions, allows firms to maintain morale and retain critical talent without losing sight of financial prudence.
At the same time, Flipkart is also undergoing leadership shifts that hint at a broader strategic recalibration. Nishant Verman has been appointed senior vice president for corporate development and partnerships, while group chief financial officer Sriram Venkataraman is set to step down. Ravi Iyer will take on expanded responsibilities within the finance function, marking a reshuffle at the top as the company gears up for its next phase.
These changes come amid reports that Flipkart is planning to shift its holding structure back to India, a move widely interpreted as groundwork for a potential public listing. While timelines remain fluid, the combination of stronger financial discipline, leadership restructuring and employee incentivisation suggests a company preparing itself for greater scrutiny and scale.
For employees, the 105 per cent payout offers a welcome boost in what has otherwise been a period of adjustment. For Flipkart, it is a signal that even as it cuts where necessary, it is willing to spend where it counts. In the high stakes game of growth versus profitability, the company appears to be hedging its bets carefully, rewarding performance while reshaping itself for what could be its most defining chapter yet.
