 "Just Dial hits 29-month low; down 20% post Q3 results")
Shares of Just Dial were continue under pressure falling 13% to Rs 626, its lowest level since August 2013 on the BSE, after the company reported 16% year on year (YoY) drop in its net profit at Rs 26.99 crore for the third quarter ended December 31, 2015 (Q3FY16).
The company engaged in search and related services business posted 11% YoY growth in operational income at Rs 171 crore for the quarter. The operational income growth was lowest since its listing in June 2013.
On sequential basis, the operational income remains flat while net profit declined by 42% from Rs 46.30 crore.
Earnings before interest, tax, depreciation and amortization (EBITDA) margin stood at 21.83% in Q3FY16 against 32.45% in year ago quarter and 23.18% in previous quarter.
In past two trading sessions, the stock declined by 20% from Rs 785 on January 27, 2015 as compared to 1% rise in the S&P BSE Sensex. In last year one year, it tanked 61% from Rs 1,593, also its 52-week high against 17% decline in the benchmark index.
At 11:25 a.m. the stock down 11% at Rs 637 on the BSE on back of three-fold jump in trading volumes. A combined 3.11 million shares changed hands on the counter on the BSE and NSE so far.
The company engaged in search and related services business posted 11% YoY growth in operational income at Rs 171 crore for the quarter. The operational income growth was lowest since its listing in June 2013.
On sequential basis, the operational income remains flat while net profit declined by 42% from Rs 46.30 crore.
Earnings before interest, tax, depreciation and amortization (EBITDA) margin stood at 21.83% in Q3FY16 against 32.45% in year ago quarter and 23.18% in previous quarter.
In past two trading sessions, the stock declined by 20% from Rs 785 on January 27, 2015 as compared to 1% rise in the S&P BSE Sensex. In last year one year, it tanked 61% from Rs 1,593, also its 52-week high against 17% decline in the benchmark index.
At 11:25 a.m. the stock down 11% at Rs 637 on the BSE on back of three-fold jump in trading volumes. A combined 3.11 million shares changed hands on the counter on the BSE and NSE so far.