Oct 17, 2022 / 12:30PM GMT
Operator
Ladies and gentlemen, good day, and welcome to the Just Dial Limited Q2 FY '23 Earnings Call. We have with us today on the call, Mr. VSS Mani, MD and CEO; and Mr. Abhishek Bansal, CFO. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Abhishek Bansal, CFO; of Just Dial Limited. Thank you, and over to you, Mr. Bansal.
Abhishek Bansal - Just Dial Limited - CFO
Hi, everyone. Welcome to Just Dial's Earnings Call for Second Quarter of Fiscal '23. Our operating revenue for the quarter stood at INR 205.3 crores, witnessing 10.6% sequential growth and 31.6% on a year-on-year basis. Same quarter previous year was severely impacted due to COVID. Our adjusted EBITDA, excluding ESOP expenses, stood at about INR 19.5 crores, representing an adjusted EBITDA margin of 9.5%. Our employee expenses have increased by about 37% on a year-on-year basis, led by 53% year-on-year increase in headcount across sales, technology, content, marketing functions.
Our advertising expenses for the quarter stood at about
Q2 2023 Just Dial Ltd Earnings Call Transcript
Mar 20, 2024
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