Just Dial Q3 Results: Profit Dips, Revenue Rises; Citi Cuts Price Target Amid AI Push

• Just Dial reported a 10.2% decline in net profit to ₹117.9 crore in Q3, down from ₹131.3 crore last year.
• Revenue increased by 6.4% to ₹305.6 crore, and EBITDA rose 9.6% to ₹95.2 crore, with margins expanding to 31.1%.
• The company is focusing on integrating 'agentic AI' for automating workflows, lead generation, and customer support.
• Quarterly unique visitors were 184.5 million, a 3.5% year-on-year decrease but a 6.6% sequential increase.
• Citi maintained a "buy" rating but cut its price target to ₹1,000 and lowered growth estimates due to declining traffic.

Why It Matters: Just Dial's Q3 saw profit decline despite revenue growth, as company invests in AI amidst Citi's lowered targets.