Just Dial Limited — Interim / Quarterly Report 2026

Jan 13, 2026

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January 13, 2026

January 13, 2026	January 13, 2026
To
BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 535648	National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051 Trading Symbol: JUSTDIAL	Metropolitan Stock Exchange of India Limited Building A, Unit 205A, 2nd Floor, Piramal Agastya Corporate Park, L.B.S Road, Kurla (West), Mumbai - 400 070 Trading Symbol: JUSTDIAL

Dear Sir/Madam,

Sub: Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Presentation on the Unaudited Financial Results

The presentation to analysts / investors on the financial performance of the Company for Unaudited Financial Results of the Company for the third quarter and nine months ended December 31, 2025, is enclosed herewith.

This is for information and records.

Thanking you,

Yours truly,

For Just Dial Limited

MANAN Digitally signed by MANAN YOGENDRA YOGENDRA UDANI Date: 2026.01.13 UDANI 21:52:13 +05'30' Manan Udani Company Secretary and Compliance Officer

Encl: as above

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CORPORATE PRESENTATION

January 2026

D I S C L A I M E R

This Presentation has been prepared by Just Dial Limited (“Just Dial”) for investors, shareholders, analysts and other relevant stakeholders, solely for informational purposes. The information set out in this Presentation, including business overview, traffic related numbers, products related information, historical financial performance and any forecasts should not be considered as advice or a recommendation to investors or potential investors in relation to holding, purchasing or selling securities or other financial products. Before acting on any information, you should consider the appropriateness of the information having regard to these matters, any relevant offer document and in particular, you should seek independent financial advice.

This presentation may contain forecasts/ forward looking statements based on facts, expectations, and/or past figures relating to the business, financial performance and results of the Company. As with all forward-looking statements, forecasts are connected with known and unknown risks, uncertainties and other factors that may cause the actual results to deviate significantly from the forecast. Readers are cautioned not to place undue reliance on these forward looking statements. Forecasts prepared by the third parties, or data or evaluations used by third parties and mentioned in this communication, may be inappropriate, incomplete, or falsified. Neither the Company or any of its subsidiaries or any of its Directors, officers or employees thereof, provide any assurance that the assumptions underlying such forward-looking statements are fully free from errors nor do any of them accept any responsibility for the future accuracy of the opinions expressed in the Presentation or the actual occurrence of the forecasted developments. Neither the Company nor its Directors or officers assume any obligation to update any forward - looking statements or to confirm these forward-looking statements to the Company’s actual results.

The contents of this presentation are confidential, and they must not be copied, distributed, disseminated, published or reproduced, in whole or in part, or disclosed by recipients directly or indirectly to any other person. Just Dial makes no representation or warranty as to the accuracy or completeness of this information and shall not have any liability for any representations (expressed or implied) regarding information contained in, or for any omissions from, this information or any other written or oral communications transmitted to the recipient in the course of its evaluation of the Company.

Any information provided in this presentation is subject to change without notice.

Q3 FY26 means the period Oct 1, 2025 to Dec 31, 2025 FY26 or FY 25-26 or FY 2026 means the Financial Year starting Apr 1, 2025 and ending Mar 31, 2026

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B U S I N E S S O V E R V I E W

C O M PA N Y OV E RV I E W

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Justdial’s services connect sellers of products & services with potential buyers/ users

184.5 million quarterly unique visitors in Q3-FY26

Scalable and profitable business model

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High user engagement, 155.7 million ratings & reviews

Database of 52.8 million listings

629,180 active paid campaigns

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Figures as on Dec 31, 2025

K E Y S T R E N G T H S

• ❑ First Mover Advantage in Indian Local Search Market

• ❑ Strong Brand Recognition with 184.5 million unique quarterly visitors^ in Q3 FY26 (197.7 million in Q2 FY26)

• ❑ Comprehensive database of 52.8 million listings

• ❑ Attractive Value Proposition For Local SMEs

• ❑ Experience and Expertise in Local Indian Market

• ❑ Advanced and Scalable Technology Platform

• ❑ Efficient & Profitable Business Model

• ❑ Strong & Experienced Management Team

• ❑ Strong Financial Profile, Prepaid Model

^ Unique visitors are aggregated across various mediums – Voice, Desktop/ PC, Mobile; these may not necessarily be mutually exclusive

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N AT I O N W I D E P R E S E N C E

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Chandigarh
Delhi NCR (Noida)
Jaipur
Ahmedabad
Kolkata
Mumbai
Pune
Hyderabad
Chennai
Bengaluru
Coimbatore
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P L AT F O R M S
86.2%
M O B I L E
Mobile Site & Apps Traffic
Share
Q3 FY26
11.0%
184.5 million^
D E S K T O P/ P C
www.justdial.com
2.8%
V O I C E
88888-88888
^ Unique visitors are aggregated across various mediums – Voice,
Desktop/ PC, Mobile; these may not necessarily be mutually exclusive
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^ Unique visitors are aggregated across various mediums – Voice, Desktop/ PC, Mobile; these may not necessarily be mutually exclusive

M O B I L E

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Android & iOS Apps Predictive Auto-Suggest Company, Category, Product Search Map View of Category Search Location Detection Voice Search App Notifications JD Pay

Maps & directions Location-based search service Ratings & Reviews Friends’ Ratings Real-time Performance tags for listings

Catalogues

Search Plus

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W E B S I T E

Predictive Auto-Suggest

Company, Category, Product Search Location Detection

Maps & directions

Operating hours Business logos Pictures & videos Ratings & reviews

Friends’ Ratings

Catalogues

Search Plus

Popular Category Searches

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VO I C E

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88888-88888

Operator-assisted Hotline Number One number across India 24 Hours a day x 7 Days a week Multi-lingual support Zero-ring Pickup Personalized Greeting Multiple queries in one call Instant WhatsApp, SMS & Email

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VA LU E P R O P O S I T I O N F O R S M E s

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LISTING OWN WEBSITE PAYMENTS RATINGS REACH Every SME should Justdial can SMEs can accept Ratings are key to With curated be listed on create websites digital payments users’ decisioncontent including Justdial - India's for SMEs from their making, JD Cataloguing, Deals leading local instantly, which customers - via JD Ratings tool helps & Vouchers, search engine & are mobile-ready, Pay, an online SMEs gather Service Cards and online dynamic & have payment more ratings & Analytics, JD marketplace transactional mechanism reviews platform provides capabilities great visibility to businesses

U S E R E N G A G E M E N T

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155.7 million Ratings & Reviews Mobile-verified, unbiased ratings Intelligent tags to capture experiences Friends’ Ratings 5-Point Rating Scale Photos Upload with Review Robust Audit Mechanism

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PRODUCT OVERVIEW

J D M o b i l e

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J D M o b i l e

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J D M o b i l e

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J D M o b i l e

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Vo i c e S e a r c h

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J D We b s i t e

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J D We b s i t e

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J D We b s i t e

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E n h a n c e d R a t i n g s & Re v i e w s S y s t e m

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Re v i e w I n s i g h t s

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J D M a r t – E xc l u s i v e B 2 B P l a t f o r m

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J D M a r t – E xc l u s i v e B 2 B P l a t f o r m

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J D M a r t – E xc l u s i v e B 2 B P l a t f o r m

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J D M a r t – E xc l u s i v e B 2 B P l a t f o r m

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J D M a r t – E xc l u s i v e B 2 B P l a t f o r m

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S e l f - S i g n - u p f o r S M E s t o s t a r t p a i d c a m p a i g n

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J D B u s i n e s s – D a s h b o a r d f o r S M E s t o m a n a g e c a m p a i g n s

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B e y o n d S e a r c h

JD Shopping

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Get quotes on Products

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Travel

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B e y o n d S e a r c h

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Flights
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Bills & Recharge

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Jd Pay

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B e y o n d S e a r c h

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Stocks
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Logistics
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Get quotes
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J D X p e r t s – O n e S t o p S o l u t i o n f o r O n - D e m a n d S e r v i c e s

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J D O m n i – C l o u d - H o st e d S o l u t i o n f o r D i g i t a l i z i n g B u s i n e s s e s

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J D H o m e s

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O P E R AT I O N A L & F I N A N C I A L O V E R V I E W

E F F I C I E N T & P R O F I TA B L E B U S I N E S S M O D E L

• Paid Advertisers pay a fixed fee to run searchled advertising campaigns for their businesses on Justdial’s platforms

• Various premium & non-premium listing packages available which determine placements in search results

• Multiple factors determine pricing, such as business categories of advertiser, geographies targeted, type of package

• Add-on products such as banners, own website, JD Pay, JD Ratings, etc. available

• Advertisers can pay amounts either upfront or through monthly payment plans, with ability to manage campaigns online

• Justdial also runs multi-city/ national campaigns for pan-India advertisers

• Sales team comprises of 4,883 employees in tele-sales, 1,511 feet-on-street (marketing), and 3,741 feet-on-street (Cold Calling & Others) as on Q3 FY26

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KEY
BUSINESS
ATTRIBUTES
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T R A F F I C / V I S I TO R S

Quarterly Unique Visitors (million)

Quarterly Unique Visitors (million)	Quarterly Unique Visitors (million)
0 20 40 60 80 100 120 140 160 180 200	198.0 1912 1913 193.2 197.7
	181.3 . . 184.5
	165.9 171.1
	3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26 3Q FY26

T R A F F I C / V I S I TO R S

Quarterly Unique Visitors split (million)

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200
180
160
140
120
169.0
172.5
100 154.5 164.4 166.2 167.9 159.1
144.7
141.2
80
60
40
20
19.1 20.8 20.4 23.4 21.4 20.1 19.4 19.7 20.2
0 5.6 5.6 6.3 5.6 5.4 5.0 5.9 5.5 5.2
3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26 3Q FY26
Voice Web Mobile
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Unique visitors are aggregated across various mediums – Voice, Desktop/ PC, Mobile; these may not necessarily be mutually exclusive

U S E R E N G A G E M E N T

0 25 50 75 100 125 150 175	Ratings & Reviews (million)
	147.0 148.0 149.1 150.3 151.4 152.6 153.7 154.7 155.7
	3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26 3Q FY26

DATA E N R I C H M E N T

0 10 20 30 40 50 60	Active Listings - period end (million)
	47 48.8 49.7 51.2 52.8
	41.6 43.6 44.9 46.2 .5
	3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26 3Q FY26

DATA E N R I C H M E N T

0 5 10 15 20 25 30 35 40	Listings with Geocodes (million)
	34.8 35.9 37.3
	285 29.5 30.8 31.8 32.7
	26.4 .
	3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26 3Q FY26

DATA E N R I C H M E N T

Images in Active Listings (million)

Images in Active Listings (million)	Images in Active Listings (million)
0 25 50 75 100 125 150 175 200 225 250 275
	250
	216 227 231 239
	198 207
	176 188
	3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26 3Q FY26

M O B I L E A P P S

Cumulative JD App Downloads (million)

Cumulative JD App Downloads (million)	Cumulative JD App Downloads (million)
0 5 10 15 20 25 30 35 40 45
	382 39.0 39.9 40.7 41.4 42.2
	35.8 36.4 37.3 .
	3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26 3Q FY26

R E V E N U E

Operating Revenue (Rs million)

Operating Revenue (Rs million)	Operating Revenue (Rs million)
- 500 1,000 1,500 2,000 2,500 3,000 3,500
	2873 2892 2,979 3,031 3,057
	2,650 2,703 2,806 2,848 , ,
	3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26 3Q FY26

O P E R AT I N G M A R G I N

EBITDA (Rs million) & Margin %

EBITDA (Rs million) & Margin %	EBITDA (Rs million) & Margin %
- 200 400 600 800 1,000	604 706 806 821 866 861 864 871 952 22.8% 26.1% 28.7% 28.8% 30.1% 29.8% 29.0% 28.7% 31.2% 0% 7% 14% 21% 28% 35% 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26 3Q FY26

C O S T S T R U C T U R E

Expenses as % of Operating Revenue

Expenses as % of Operating Revenue	Expenses as % of Operating Revenue	Expenses as % of Operating Revenue	Expenses as % of Operating Revenue	Expenses as % of Operating Revenue	Expenses as % of Operating Revenue	Expenses as % of Operating Revenue	Expenses as % of Operating Revenue	Expenses as % of Operating Revenue	Expenses as % of Operating Revenue
67.3% 64.1% 61.6% 61.2% 60.2% 60.4% 60.4% 60.6% 58.6% 9.9% 9.7% 9.6% 9.9% 9.6% 9.8% 10.5% 10.7% 10.3% 3.0% 3.2% 2.8% 2.9% 3.1% 3.2% 3.0% 2.5% 2.5% 2.4% 2.2% 2.1% 2.1% 2.1% 2.1% 1.9% 1.9% 1.9% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26 3Q FY26 Employee Costs Other Expenses Depreciation & Interest on Leases ESOP Expenses Depreciation - - - - - - - - - ' ■ ■ ■
	2.4%	2.2%
	9.9% 3.0% -	3.2% -	2.8% 2.1% -	2.9% 2.1% -	31% 2.1% -	3.2% 2.1% -	3.0% 1.9% -	2.5% 1.9% -	1.9% -
		9.7%	9.6%	9.9%	9.6% .	9.8%	10.5%	10.7%	10.3% 2.5% '
	67.3%	64.1%	616%	612%	602%	604%	604%	606%
			.	.	.	.	.	.	58.6%

OT H E R I N C O M E

Other Income (Rs million)

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1,400
1,273
1,200 1,136
1,087
1,000
913
869
846
774
800 749 733
600
400
200
-
3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26 3Q FY26
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Note:

1. Other Income primarily constitutes mark-to-market (MTM) gains on treasury portfolio, which can have high quarterly fluctuations depending on movement of bond yields during that quarter.

N E T P R O F I T M A R G I N

Net Profit (Rs million) & PAT Margin %

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1,750 39.6% 42%
38.4% 38.7%
37.5%
36.0%
1,500 36%
32.0% 31.7%
30.2%
1,250 30%
27.1%
1,000 24%
1,576 1,596
750 1,541 18%
1,412
1,313
1,156 1,194 1,180
500 12%
920
250 6%
- 0%
3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26 3Q FY26
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Note:

1. Net Profit Margin is calculated as Net Profit (Profit After Taxes) as a percentage of Total Revenue (Operating Revenue + Other Income) for the period.

2. Effective November 21, 2025, the new labour code on Social Security, 2020, amended the definition of "wages" for gratuity calculations and expanded coverage to fixed-term employees. Under Ind AS 19, the revision to gratuity benefit resulting from new labour codes are considered as plan amendments and are treated as past service costs. Consequently, the Company has recognized a one-time, past service cost of Rs 210.8 million on account of aforesaid revision as Exceptional item in the Statement of Profit and Loss for the quarter and nine months ended December 31, 2025.

PA I D C A M PA I G N S

Active Paid Campaigns - period end

Active Paid Campaigns - period end	Active Paid Campaigns - period end
- 100,000 200,000 300,000 400,000 500,000 600,000 700,000
	583,690 591,650 598,430 601,080 613,290 617,340 623,970 629,180
	566,955
	3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26 3Q FY26

C A S H A N D I N V E S T M E N T S

Cash & Investments - period end (Rs million)

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60,000
57,030
55,697
54,298
52,786
50,627
49,428
50,000 47,555
46,254
44,053
40,000
30,000
20,000
10,000
-
3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26 3Q FY26
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S A L E S F O R C E

Sales Strength - Period End

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12,000
10,906
9,980 10,184 10,103 10,176 10,077 10,135
9,816 9,765
10,000
4,487
8,000 3,707 3,754 3,866 3,764 3,932 3,919 3,771 3,741
6,000
1,705 1,574 1,532 1,574 1,523 1,538 1,568 1,566 1,511
4,000
4,714 4,535 4,694 4,744 4,478 4,633 4,689 4,740 4,883
2,000
-
3Q FY24 4Q FY24 1Q FY25 2Q FY25 3Q FY25 4Q FY25 1Q FY26 2Q FY26 3Q FY26
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Tele-Marketing Feet-on-Street (Marketing) Feet-on-Street (Cold Calling & Others) Total Sales Team Strength

JUST DIAL LTD - 3Q FY26 (Quarter ended December 31, 2025) PERFORMANCE SUMMARY	JUST DIAL LTD - 3Q FY26 (Quarter ended December 31, 2025) PERFORMANCE SUMMARY	JUST DIAL LTD - 3Q FY26 (Quarter ended December 31, 2025) PERFORMANCE SUMMARY	JUST DIAL LTD - 3Q FY26 (Quarter ended December 31, 2025) PERFORMANCE SUMMARY	JUST DIAL LTD - 3Q FY26 (Quarter ended December 31, 2025) PERFORMANCE SUMMARY	JUST DIAL LTD - 3Q FY26 (Quarter ended December 31, 2025) PERFORMANCE SUMMARY	JUST DIAL LTD - 3Q FY26 (Quarter ended December 31, 2025) PERFORMANCE SUMMARY
Metric	Unit	3Q FY26	3Q FY25	YoY change	2Q FY26	QoQ change
Operating Revenue	(₹ million)	3,057	2,873	6.4%	3,031	0.9%
Operating EBITDA	(₹ million)	952	866	10.0%	871	9.4%
Operating EBITDA Margin	%	31.2%	30.1%	101 bps	28.7%	243 bps
Operating PBT	(₹ million)	821	718	14.4%	737	11.4%
Other Income	(₹ million)	846	774	9.3%	733	15.5%
Exceptional Item (Impact of New Labour Code)	(₹ million)	211	-	n.a.	-	n.a.
Profit Before Taxes	(₹ million)	1,456	1,492	-2.4%	1,470	-0.9%
Net Profit	(₹ million)	1,180	1,313	-10.2%	1,194	-1.2%
Net Profit Margin	%	30.2%	36.0%	-579 bps	31.7%	-151 bps
Unearned Revenue (period end)	(₹ million)	5,219	5,072	2.9%	5,260	-0.8%
Cash & Investments (period end)	(₹ million)	57,030	50,627	12.6%	55,697	2.4%

Note:

1. Net Profit Margin is calculated as Net Profit (Profit After Taxes) as a percentage of Total Revenue (Operating Revenue + Other Income) for the period.

2. Effective November 21, 2025, the new labour code on Social Security, 2020, amended the definition of "wages" for gratuity calculations and expanded coverage to fixed-term employees. Under Ind AS 19, the revision to gratuity benefit resulting from new labour codes are considered as plan amendments and are treated as past service costs. Consequently, the Company has recognized a one-time, past service cost of Rs 210.8 million on account of aforesaid revision as Exceptional item in the Statement of Profit and Loss for the quarter and nine months ended December 31, 2025.

JUST DIAL LTD - 3Q FY26 (Quarter ended December 31, 2025) PERFORMANCE SUMMARY Metric Unit 3Q FY26 3Q FY25 YoY change 2Q FY26 QoQ change Unique Visitors (million) 184.5 191.2 -3.5% 197.7 -6.6% - Mobile (million) 159.1 164.4 -3.2% 172.5 -7.8% - Desktop/ PC (million) 20.2 21.4 -5.6% 19.7 2.7% - Voice (million) 5.2 5.4 -3.3% 5.5 -5.1% - Mobile % share 86.2% 86.0% 25 bps 87.3% -104 bps - Desktop/ PC % share 11.0% 11.2% -25 bps 10.0% 100 bps - Voice % share 2.8% 2.8% 1 bps 2.7% 5 bps Total Listings (period end) (million) 52.8 47.5 11.1% 51.2 3.1% Net Listings Addition 1,583,120 1,290,820 22.6% 1,519,607 4.2% Total Images in Listings (period end) (million) 250.0 216.0 15.7% 239.0 4.6% Listings with Geocodes (period end) (million) 37.3 31.8 17.3% 35.9 3.9% Ratings & Reviews (period end) (million) 155.7 151.4 2.9% 154.7 0.7% Paid campaigns (period end) 629,180 601,080 4.7% 623,970 0.8% Total App Downloads (period end) (million) 42.2 39.0 8.2% 41.4 2.0% App Downloads per day 7,317 6,935 5.5% 8,145 -10.2% Total Employees (period end) 12,731 12,676 0.4% 12,811 -0.6% - Sales Employees (period end) 10,135 9,765 3.8% 10,077 0.6%

B O A R D O F D I R E C TO R S

EXECUTIVE DIRECTOR	EXECUTIVE DIRECTOR
V S S Mani	V S S Mani is the Founder, Managing Director and Chief Executive Officer of Just Dial. With over 37 years of experience in the field of media and local search services, he has successfully steered and kept our business on the growth track, driven by technological innovation.
INDEPENDENT DIRECTORS
Krishnan Sudarshan (Chairman)	Krishnan Sudarshan is an Engineering graduate from National Institute of Technology, Kurukshetra and has completed the Owner / President Management Program (OPM) at the Harvard Business School. He is the Managing Director of EMA Partners India Limited and is part of the global firm’s executive committee as the Regional Chairman for Asia Pacific. He has over 25 years of experience in Executive search and has led successful engagements for both Indian and multinational corporations across industry sectors and functional disciplines. He also leads the Board and CEO practice for the firm in India.
Ranjit Pandit	Ranjit Pandit served as the Managing Director at General Atlantic, LLC, between 2007 and 2012 where he was the head of the firm’s growth investment activities across India. He has served as an Advisory Director of General Atlantic LLC in 2013. Prior to General Atlantic, he served as the Managing Director and Chairman of McKinsey & Company in India. He has an MBA from the Wharton School at the University of Pennsylvania (USA) and holds a BE Degree in Electrical Engineering from VJTI, University of Bombay.
Bhama Krishnamurthy	Bhama Krishnamurthy was Country Head and Chief General Manager, SIDBI. She has a career spanning over 35 years in IDBI (now IDBI Bank) and SIDBI, an Apex Development Bank for micro, small and medium enterprises in India covering all areas of development in banking operations both from policy perspectives and relating to implementation aspects. Her areas of specialisation include resource raising and management, integrated treasury operations, credit dispensation & management and risk management. She has done her Masters in Science (M.Sc.) from Mumbai University.
Prof. Dipak C. Jain	Professor Dipak C. Jain earned his M.Sc in Mathematical Statistics from Guwahati University and his Ph.D. in Marketing from the University of Texas at Dallas, USA. He holds a distinguished reputation as both an educator and a scholar. He assumed the role of Dean at the Kellogg School of Management, Northwestern University USA, from 2001 to 2009, and later served as Dean at INSEAD, a prominent business school located in Fontainebleau (Paris), France. Following this, he served as Director at the SASIN Graduate Institute of Business Administration, Chulalongkorn University in Bangkok, Thailand. Presently, Professor Jain holds the title of Professor of Marketing at the China Europe International Business School (CEIBS), bringing with him over 40 years of expertise in management education. He has published several articles in esteemed international journals focusing on marketing and related disciplines. Additionally, he served as the President (European) of China Europe International Business School from 2017 to 2022.

B O A R D O F D I R E C TO R S

NON-EXECUTIVE DIRECTORS	NON-EXECUTIVE DIRECTORS
V. Subramaniam	V. Subramaniam is a Chartered Accountant and Cost Accountant. He has over 25 years of experience in the fields of finance, accounts, taxation and business management. He has over the years served at various leadership positions in industries ranging from consumer products, petrochemicals, refining to automobiles and retail during his corporate tenure. He is currently serving as the Managing Director of Reliance Retail Ventures Limited (RRVL) as well as Whole-time Director of Reliance Retail Limited, subsidiary of RRVL.
Ashwin Khasgiwala	Ashwin Khasgiwala presently serves as the Chief Business Operations Controller for Retail Business and has been associated with Reliance Group for more than 18 years. He is a Chartered Accountant and has over two decades of experience in the fields of finance, compliance and accounting.
Geeta Fulwadaya	Geeta Fulwadaya is a commerce graduate from Mumbai University, Company Secretary from the Institute of Company Secretaries of India (ICSI) and law graduate from Government Law College. She has been associated with Reliance group for over 20 years and has extensive experience in the fields of corporate laws, strategy & planning and allied matters. She is also on the Board of several companies including Reliance Retail Limited, Den Networks Limited and Hathway Cable and Datacom Limited.
Anshuman Thakur	Anshuman Thakur has completed his graduation in Economics and MBA from IIM Ahmedabad. He has 25 years of experience in corporate strategy and investment banking and has worked across diverse industries. He is currently Senior Vice President at Jio Platforms Limited and responsible for strategy and planning functions. He joined the Reliance Group in 2014 and has ever since been closely involved with the Jio and retail businesses. Prior to joining Reliance, he worked with Morgan Stanley as Head of Mergers & Acquisitions in India. He was a TMT coverage banker at Rothschild prior to his stint at Morgan Stanley. He has also worked with Arthur Andersen and Ernst & Young in the areas of corporate finance and strategy.
Dinesh Taluja	Dinesh Taluja has completed his B. Tech. from IIT Delhi and MBA from IIM Ahmedabad. He has over 20 years of experience across Investment Banking, Management Consulting, Private Equity & Corporate roles. He has previously worked across Credit Suisse, Standard Chartered Bank, McKinsey & Company and Peepul Capital. He is currently serving as the Chief Financial Officer of Reliance Retail Limited and Deputy Chief Financial Officer of Reliance Retail Ventures Limited.

L E A D E R S H I P T E A M

Name	Designation	Experience	Functional Areas
V S S Mani	Managing Director & CEO	37 Years	Overall growth strategy, planning, execution & management
V Krishnan	Group President	32 Years	Growth Strategy and Business Development
Abhishek Bansal	Chief Financial Officer	17 Years	Finance, Strategy, Accounting, Treasury, Audit, Legal, Compliance & Investor Relations
Vishal Parikh	Chief Product Officer	25 Years	Leads Product, Design & Technology teams, IT Infra and Voice Operations
Shwetank Dixit	Chief Growth Officer	14 Years	Strategy, Marketing, Business Analytics, Traffic and Revenue Growth, Content Augmentation & SEO
Prashant Nagar	Chief Business Officer	26 Years	Pan-India Sales and Business Development
Ajay Mohan	Chief Business Officer	30 Years	Sales platform management, Strategic alliances, Corporate partnerships & Business expansion
Rajesh Madhavan	Chief People Officer	31 Years	Human Resource Functions
Bandan Karkidholy	Senior Vice President & General Counsel	21 Years	Legal, Regulatory Compliances, Intellectual Property
Manan Udani	Company Secretary & Compliance Officer	17 Years	Company Secretarial and Compliances

S H A R E H O L D I N G PAT T E R N

6.54% F O R E I G N I N V E S T O R S 8.78%

I N D I V I D U A L S 10.53% D O M E S T I C I N V E S T O R S

74.15%

P R O M O T E R G R O U P * A S O N D e c 3 1 , 2 0 2 5

*Stake held by Promoter - Reliance Retail Ventures Limited (RRVL) = 63.84%

- E n d o f P r e s e n t a t i o n -

Registered & Corporate Office: Just Dial Limited, Palm Court Building M, 501/B, 5th Floor, New Link Road, Malad West, Mumbai, Maharashtra – 400064

For any queries, please contact us at investors@justdial.com