[What The Financials] JustDial's FY20 Growth Could Soften Covid-19 Blow To Ad Revenue
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India, May 28 -- Mumbai-headquartered hyperlocal search engine JustDial has grown its revenues and profits in Q4 FY20 as well as annual level, however, the company hasn't been immune to the impact of Covid-19 pandemic.
Addressing the analysts during the earnings call, JustDial's CFO Abhishek Bansal said that traffic was significantly impacted during the lockdown. The company saw its total traffic (unique visitors) for the quarter drop 11.5% on a Q-o-Q level to 138.9 Mn. Explaining the reason for this, Bansal said that March 2020 was a weak performance and from third-week onwards, traffic was significantly impacted. The immediate impact was about 55%, 60% drop in traffic, he added.
He also added that the company spent INR 12.5 Cr on adve...
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