📊 Results Roundup: Q4 FY24-25 — April 18

Q4 Earnings Review: Just Dial, Mastek, Network18, Laxmi Goldorna, Yaari, and Senthil Infotek

As we navigate through Q4 earnings season, companies from various sectors are revealing a mixed bag of performances. Some have shown remarkable growth, while others are grappling with challenges. Let's take a closer look at the Q4 results of Just Dial, Mastek, Network18, Laxmi Goldorna, Yaari Digital, and Senthil Infotek.

📞 Just Dial Ltd.

Rating: ⭐⭐⭐⭐ (4/5) — Impressive growth, sustained momentum

Key Metrics:

• Net Profit (FY25): ₹584.2 crore (▲61% YoY)
• Revenue (FY25): ₹1,141.9 crore (▲9.5% YoY)
• Q4 Revenue: ₹289.2 crore (▲7% YoY)
• Q4 Net Profit: ₹157.6 crore (▲36% YoY)

What’s Working: Just Dial's growth is largely driven by its strategic merchant acquisition and deeper market penetration in both urban and semi-urban areas. The company reported 191.3 million unique visitors in Q4, reflecting a significant 11.8% year-on-year growth.

What’s Not: The increasing competition in the local search market and reliance on consistent platform engagement could pose challenges in the long term.

Future Outlook: With a solid foundation built on Generative AI integration and enhanced user and merchant experiences, Just Dial is poised for sustained growth. The company's confidence in delivering value to users, merchants, and shareholders remains strong as it moves into FY26.

🖥️ Mastek Ltd.

Rating: ⭐⭐⭐ (3/5) — Stable growth with challenges ahead

Key Metrics:

• Q4 FY23 Revenue: ₹709.2 crore (▲22% YoY)
• Net Profit (Q4 FY23): ₹72.6 crore (▲8.2% QoQ, ▼17.7% YoY)
• Operating EBITDA (Q4 FY23): ₹125.5 crore (▲4% YoY)
• Dividend: 240% (₹12 per share)

What’s Working: Mastek has shown strong revenue growth in Q4, fueled by demand for digital engineering and cloud transformation services. The company added 28 new clients in Q4 and reduced attrition to 21%, highlighting its growing client base and improved employee retention.

What’s Not: Despite the growth, Mastek’s net profit declined YoY, and its EPS showed a drop. The high dividend payout raises concerns about long-term reinvestment strategies.

Future Outlook: Mastek is well-positioned to capitalize on its growing order backlog and demand for digital transformation services. However, margin pressures and macroeconomic challenges could affect its profitability in the coming quarters.

📰 Network18 Media & Investments Ltd.

Rating: ⭐⭐⭐⭐ (4/5) — Leading in a competitive media space

Key Metrics:

• Revenue (FY25): ₹1,896 crore (▲4.3% YoY)
• Operating EBITDA: ₹33 crore (▲100% YoY)
• EBITDA Margin: 2.6% (▲0.4%)

What’s Working: Network18 has shown resilience by driving growth in its operating revenue and improving its EBITDA margin. The company has expanded its viewership in key regional markets like Marathi and Bengali, while maintaining dominance in Hindi and English news segments.

What’s Not: Despite growth, the EBITDA margin remains relatively low, and the company faces challenges due to a high base from election-driven revenues in the previous year.

Future Outlook: Network18's future looks promising with its expanding viewership and ad revenue, but it needs to manage seasonality and external economic factors to sustain growth.

💍 Laxmi Goldorna House

Rating: ⭐⭐ (2/5) — Struggling in a tough market

Key Metrics:

• Net Sales: ₹27.72 crore (▼78.22% YoY)
• Net Profit: ₹0.68 crore (▼87.58% YoY)
• EBITDA: ₹5.48 crore (▼38.63% YoY)
• EPS: ₹0.32 (▼87.58% YoY)

What’s Working: Laxmi Goldorna's market returns (78% over the last 6 months) demonstrate its strong brand presence, especially in the gold retail sector.

What’s Not: A sharp drop in sales and profits signals significant operational challenges. Increased gold prices and high competition are likely contributing factors.

Future Outlook: Laxmi Goldorna needs to rethink its sales strategy and focus on premium products or new market segments to improve margins and drive growth.

📉 Yaari Digital Integrated Services Ltd.

Rating: ⭐ (1/5) — A rough quarter with no signs of recovery

Key Metrics:

• Net Profit: ₹-51.78 crore (▼672.84% YoY)
• Quarterly Growth: -834.66%

What’s Working: There is not much to celebrate here. Yaari Digital has reported a massive decline in profits both YoY and QoQ.

What’s Not: The dramatic fall in profits indicates operational inefficiencies and a lack of significant growth drivers in the business.

Future Outlook: Yaari Digital needs a complete overhaul in its operations and business strategy to stop the financial hemorrhaging. Unless the company can identify new revenue streams, it may struggle in the coming quarters.

💻 Senthil Infotek Ltd.

Rating: ⭐ (1/5) — Struggling to maintain stability

Key Metrics:

• Net Sales: ₹0.02 crore (▼19.61% YoY)
• Net Loss: ₹0.05 crore (down 1276.47% YoY)
• EBITDA: ₹-0.05 crore (negative)

What’s Working: Not much to celebrate here. The company is in deep financial distress, with tiny sales figures and negative EBITDA.

What’s Not: The dramatic loss and negative EBITDA suggest that Senthil Infotek is in a precarious position, with little sign of recovery in the near term.

Future Outlook: Unless Senthil Infotek can significantly improve its operations and find new ways to generate revenue, the company faces a bleak future.

🔚 Conclusion

The Q4 FY25 earnings season has brought a diverse range of results, showcasing both impressive growth and challenging performances. Just Dial and Network18 continue to shine with solid financials, backed by strategic initiatives and strong market positions. Mastek remains stable but must navigate margin pressures. Meanwhile, Laxmi Goldorna, Yaari Digital, and Senthil Infotek are facing significant hurdles, with declining sales and profits signaling the need for restructuring and strategic reevaluation.