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Q3-2016: Just Dial revenue up 11 percent; PAT down 16 percent
BENGALURU: Indian search engine and directory services provider Just Dial Limited (Just Dial) reported a 11 percent rise its total income from operations (TIO) in the quarter ended December 31, 2015 (Q3-2016, current quarter) to Rs 171.33 crore as compared 154.42 crore and was flat QoQ as compared to Rs 171.27 crore.
Let us look at the other numbers reported by Just Dial
Note: 100,00,000 = 100 lakh = 10 million = 1 crore
The numbers in this report are unaudited and unconsolidated.
Just Dial’s YoY PAT for Q3-2016 decreased 16 percent to Rs 26.99 crore (15.8 percent of TIO) as compared to Rs 32.14 crore (20.8 percent of TIO) and was 41.7 percent lower QoQ than Rs 46.30 crore (27 percent margin).
Simple EBIDTA in Q3-2016 at Rs 37.40 crore (21.8 percent margin) was 25.4 percent lower YoY at Rs37.40 crore (21.8 percent margin) as compared to Rs 50.11 crore (32.5 percent margin) and was 5.8 percent lower QoQ as compared to Rs 39.72 crore (23.2 percent margin).
The company’s Total Expenditure (TE) in Q3-2016 at Rs 142.01 crore (82.9 percent of TIO) was 2.6 percent higher YoY as compared to Rs 110.42 crore (71.5 percent of TIO) and was 1.8 percent higher QoQ as compared to Rs 139.44 crore.
Employee Benefit Expense (EBE) is the major expense head for Just Dial. EBE in Q3-2016 at Rs 95.36 crore (55.7 percent of TIO) was 21.3 percent more YoY as compared to Rs 78.64 crore (50.9 percent of IO), but was 0.9 percent lower QoQ as compare to Rs 96.18.
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SBI General Insurance appoints Shrish Mahuli as chief business officer
Industry veteran with 24 years’ experience to drive growth and distribution
MUMBAI: SBI General Insurance has appointed Shrish Ramchandra Mahuli as chief business officer, strengthening its leadership team as it looks to accelerate growth and deepen market reach.
In his new role, Mahuli will oversee the company’s overall business strategy, expand distribution channels and drive customer-focused growth initiatives across key markets. The move comes as the insurer sharpens its focus on profitable growth and enhanced customer engagement.
Mahuli brings over 24 years of experience across the insurance and automotive sectors. He has previously held leadership roles at Reliance General Insurance, ICICI Lombard General Insurance and Tata Motors, where he worked on scaling businesses and strengthening distribution networks.
SBI General Insurance managing director and CEO Naveen Chandra Jha said, “We are delighted to welcome Mr Mahuli at a time when the industry is witnessing strong momentum driven by rising awareness and evolving customer needs. His deep domain expertise and proven leadership will be instrumental in strengthening our distribution footprint and driving profitable growth.”
SBI General Insurance chief business officer Shrish Ramchandra Mahuli said, “I am pleased to join SBI General Insurance at a time when the industry is evolving rapidly. I look forward to working with the team to further strengthen the business and drive sustainable growth.”
The appointment underlines the company’s push to build leadership depth and deliver more accessible, customer-centric insurance solutions in a rapidly evolving market.
