Justdial shares down 3% post Q1 earnings

Shares of local search engine Justdial today fell nearly 3 per cent even as the company reported a 7.98 per cent increase in net profit for the quarter ended June 30.
The scrip went down by 2.93 per cent to end at Rs 471.85 on BSE. During the day, it lost 8.35 per cent to Rs 445.50.
At NSE, shares of the company declined 2.94 per cent to close at Rs 471.35.
Justdial today reported a 7.98 per cent increase in net profit at Rs 38.93 crore for the first quarter.
The company had reported a net profit of Rs 36.05 crore in the corresponding quarter a year ago.

Total income from operations grew 6.17 per cent to Rs 176.29 crore in the quarter under review as against Rs 166.03 crore in the year-ago period, it said in a BSE filing.
Its overall expenses stood at Rs 155.99 crore, up 22.28 per cent from Rs 127.56 crore in the first quarter of the previous fiscal.