Justdial's Q3 net shrinks 16% to Rs 27 crore

Local search engine Justdial today reported a 16% decline in net profit at Rs 27 crore for the quarter ended December due to a sharp increase in expenses.

The company had reported a net profit of Rs 32 crore in the same quarter a year ago.

Justdial's total income from operations grew 10.95% to Rs 171.3 crore in the quarter under review as against Rs 154.4 crore a year ago, it said in a BSE filing.

Its overall expenses stood at Rs 142 crore, up 28.60%, compared with Rs 110.4 crore in the third quarter of the previous fiscal.

The stock was trading 7.33% down at Rs 727.10 in the morning trade on BSE.