On Monday, the shares of this market leader in the local search engine segment gained up to 8 percent after the company’s net revenue and profit increased in the third quarter.
With a market capitalization of Rs 7,587.51 crore, the shares of Just Dial Ltd were trading at Rs 892.35 per share, increasing around 2.34 percent as compared to the previous closing price of Rs 871.65 per share.
Looking into the company’s Performance, Just Dial Ltd’s revenue increased by 1 percent on a quarter-on-quarter basis from Rs. 261 crores in Q2FY24 to Rs. 265 crores in Q3 FY24. Further, revenue increased by 19 percent year on year from Rs. 221 crores in Q3FY23 to Rs.265 crores in Q3FY24.
Just Dial Ltd’s net profit increased by 27 percent on a quarter-on-quarter basis from Rs. 72 crores in Q2FY24 to Rs. 92 crores in Q3FY24. Further, net profit increased by 22 percent year on year from Rs. 75 crores in Q3FY23 to Rs.92 crores in Q3FY24.
Just Dial offers nationwide coverage, branches in 11 cities across India, 4,714 telesales workers, and 6,192 feet-on-the-street salesforce, as well as an on-the-ground presence in over 250 cities across India, encompassing 11,000+ pin codes.
Just Dial Ltd. reported return ratios in the recent financial year with a return on equity (ROE) of 1.30 percent and a return on capital employed (ROCE) of 1.70 percent.
Just Dial Ltd’s latest ownership pattern shows that the promoter’s control is 74.31 percent, retail shareholders own 11.45 percent, and foreign institutional investors own 4.88 percent.
Justdial leads the local search engine industry in India. The company offers local search-related services to people across India in a platform-agnostic way. The multi-platform solution comprises apps (Android and iOS), mobile websites, desktop/PC, audio, and text.
Written by-: Abhishek Singh
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