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Just Dial gains on strong FY 2013 earnings

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Capital Market

Just Dial rose 1.16% to Rs 692 at 13:10 IST on BSE after net profit surged 35% to Rs 68.46 crore on 38% growth in operating revenue to Rs 362.77 crore in the year ended 31 March 2013 over the year ended 31 March 2012.

The FY 2013 result was announced after market hours on Monday, 22 July 2013.

Meanwhile, the S&P BSE Sensex was up 184.33 points or 0.91% at 20,343.45.

On BSE, 16,000 shares were traded in the counter as against average daily volume of 3.62 lakh shares in the past one quarter.

The stock hit a high of Rs 701 and a low of Rs 690.30 so far during the day.

 

The mid-cap company has equity capital of Rs 69.87 crore. Face value per share is Rs 10.

Just Dial's operating earnings before interest, taxation, depreciation and amortization (EBITDA) jumped 50% to Rs 100.83 crore in FY 2013 over FY 2012. Net profit margin for FY 2013 stood at 18%.

The company's cash and cash equivalents increased to Rs 510 crore as on 31 March 2013, from Rs 181 crore as at 31 March 2012.

Commenting on the company's FY 2013 performance, Mr. V.S.S. Mani, MD & CEO, Just Dial said, "FY 2013 has seen yet another solid performance on all fronts. I'm quite excited by the fact that we are benefiting from the changing ecosystem in India of increasing internet usage driven by smart phones, which is amply reflected in our usage pattern with incremental growth in usage coming from internet platform driven by mobile internet. As we move forward, we plan to deepen our engagement with our users with innovative products and services that are logical extension of the search process".

Just Dial provides local search related services to users in India through multiple platforms such as internet, mobile internet, over the telephone (voice) and text (SMS).

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First Published: Jul 23 2013 | 1:11 PM IST

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