Reliance Group stock engaged in offering other information services through multiple platforms jumped upto 10 percent in the day’s trade upon declaring its Q2FY25 results with a 115 percent jump in Net Profits
Price Action
With a market capitalization of Rs. 11,080 Crores, the shares of Just Dial Limited were trading at Rs. 1,305 per equity share, up 3 percent from its previous day’s close price of Rs. 1,269.55.
Q2FY25 Results
Its Net Revenue from operations grew by 9 percent YoY from Rs. 260.61 Crores in Q2FY24 to Rs. 284.83 Crores in Q2FY25 and it grew by 1.52 percent QoQ from Rs. 280.57 Crores in Q1FY25 to Rs. 284.83 Crores in Q2FY25.
Its Net Profit grew by 115 percent YoY from Rs. 71.79 Crores in Q2FY24 to Rs. 154.07 Crores in Q2FY25 and it grew by 9 percent QoQ from Rs. 141.22 Crores in Q1FY25 to Rs. 154.07 Crores in Q2FY25. Its Net Profit Margin increased from 22.53 percent in Q2FY24 to 38.66 percent in Q2FY25.
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Business Highlights for Q2FY25
Total Traffic (Unique Visitors) for the quarter stood at 198.0 million, up 15.3 percent YoY and 9.3 percent percent QoQ. 85.4 percent of traffic originated on Mobile platforms, 11.8 percent on Desktop/ PC, and 2.8 percent on our Voice platform.
As of September 30, 2024, Total Active Listings stood at 46.2 million, an increase of 15.0 percent YoY and 2.9 percent QoQ. 1,305,226 listings were added (net) to the database during the quarter.
Total Ratings & Reviews stood at 150.3 million at the end of quarter, up 3.0 percent YoY. Active Paid Campaigns at the end of quarter stood at 598,430 up 6.7 percent YoY and 1.1 percent QoQ.
About the Company
Just Dial Limited is a local search engine company, involved in offering other information service activities. It provides its services across various platforms, such as Web, mobile , voice, and short message service (SMS).
Its services include JD Mart, JD Omni, and JD Pay, enabling manufacturers, distributors, wholesalers, and retailers to get new customers and sell their products online, end-to-end
cloud-based solutions for digitalizing micro, small, and medium enterprises (MSMEs) and solution for digital payments, enhancing both customers and consumers.
Reliance Group Holding
As per the latest shareholding data available for Q2FY24, Reliance Retail Ventures Limited as a promoter holds a 63.84 percent stake in Just Dial Limited consisting of ~5.43 Crore equity shares of the firm.
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Written by: Bharath K.S
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