IPO Note | Justdial | Justdial Ltd (JDL) - InvestmentGuruIndia
IPO Note | Justdial | Justdial Ltd (JDL) - InvestmentGuruIndia
IPO Note | Justdial | Justdial Ltd (JDL) - InvestmentGuruIndia
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<strong>IPO</strong> <strong>Note</strong> | <strong>Justdial</strong> | 17 May 2013<br />
Income Statement<br />
Profit & Loss Account (` In Mns) FY09 FY10 FY11 FY12 9MFY13<br />
INCOME:<br />
Sale of search related services 735.39 1160.62 1796.03 2593.98 2643.63<br />
Yellow pages pub services 123.83 148.45 0 0 0<br />
Revenue from operations 859.22 1309.07 1796.03 2593.98 2643.63<br />
Other Op. Income 0 0 43.3 26.63 1.34<br />
Total Income 859.22 1309.07 1839.33 2620.61 2644.97<br />
23.5% 52.4% 40.5% 42.5%<br />
EXPENDITURE:<br />
Employee cost 522.77 668.82 947.17 1308.37 1290.28<br />
Other Exps 260.7 343.17 438.29 639.47 619.47<br />
Total Expenditure 783.47 1011.99 1385.46 1947.84 1909.75<br />
EBITDA 75.75 297.08 453.87 672.77 735.22<br />
EBITDA Margin (%) 8.8% 22.7% 24.7% 25.7% 27.8%<br />
Depreciation 40.81 52.53 67.88 90.23 101.98<br />
Finance Cost 0.05 0.04 0.29 0.17 0.05<br />
Other Income 58.92 38.56 37.26 149.63 71.17<br />
PBT 93.81 283.07 422.96 732.00 704.36<br />
Tax 24.41 98.82 134.73 209.22 218.33<br />
Tax on PBT (%) 26.0% 34.9% 31.9% 28.6% 31.0%<br />
PAT 69.4 184.25 288.23 522.78 486.03<br />
PAT Margin (%) 8.1% 14.1% 16.0% 20.2% 18.4%<br />
Discounting operation/Share of loss 0 0.09 -2.08 5.37 -15.25<br />
PAT - Restated 69.4 184.34 286.15 528.15 470.78<br />
EPS (Pre-issue) 0.99 2.64 4.10 7.56 6.74<br />
EPS (Post-issue) 0.99 2.64 4.10 7.56 6.74<br />
Source: RHP, ABML Research<br />
Aditya Birla Money Limited<br />
2 nd Floor, Sheil Estate, Dani Corporate Park, 158 CST Road, Kalina, Santacruz (East), Mumbai 400 098 | Tel: +91 22 42333400<br />
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