Just Dial Ltd, a local search engine, has reported an over two-fold jump in its consolidated net profit to Rs 154 crore in the second quarter. It had a net profit of Rs 71.79 crore in the July-September quarter a year ago, according to a regulatory filing by Just Dial, now controlled by Reliance Retail Ventures Ltd. Just Dial's revenue from operation was Rs 284.83 crore in the September quarter. It stood at Rs 260.61 crore a year ago. "This quarter, the company achieved record revenue of Rs 284.8 crore, marking an impressive year-on-year (YoY) increase of 9.3 per cent. These results highlight Just Dial's dedication to delivering superior digital solutions for both businesses and consumers alike," according to an earnings statement by the company. Its total expenses were Rs 216.88 crore in the September quarter versus Rs 226.43 crore in FY24. Total income during the quarter under review stood at Rs 398.44 crore compared to Rs 318.53 crore in the year-ago period, it added. Its Chie
The cash balance now stands at around 55 per cent of the market capitalisation of the company, and it is yet to decide on the utilisation/distribution of its cash balance, as per analysts at ICICI Sec
Analysts at Nuvama Institutional Equities are optimistic about the revenue prospects of these "new age" internet companies
Just Dial Ltd on Wednesday reported a 38.44 per cent rise in consolidated net profit to Rs 115.74 crore in the fourth quarter ended March 31, 2024
Just Dial Ltd on Wednesday reported a 38.44 per cent rise in consolidated net profit to Rs 115.74 crore in the fourth quarter ended March 31, 2024. The company had posted a consolidated net profit of Rs 83.6 crore in the same period of the previous fiscal, Just Dial Ltd said in a regulatory filing. Its consolidated total income during the quarter under review stood at Rs 361.56 crore compared to Rs 306.69 crore in the year-ago period, it added. The total expenses in the fourth quarter were marginally higher at Rs 214.12 crore compared to Rs 210.94 crore a year ago, the company said. For the fiscal ended March 31, 2024, its consolidated net profit was Rs 362.93 crore, up from Rs 162.72 crore in the previous fiscal, it added. The company's consolidated total income in FY24 stood at Rs 1,348.37 crore against Rs 986.67 crore in FY23.
CLOSING BELL ON JULY 14, 2023: The BSE benchmark index scaled a fresh summit at 66,160, while the NSE Nifty50 registered a record high at 19,595.
CLOSING BELL: The broader markets outperformed; Midcap and SmaIlcap indices were up 0.5 per cent and 0.2 per cent, respectively.
Stocks to Watch today: Just dial saw a revenue growth of 39.5 per cent year-on-year to Rs 232.5 crore; Coca Cola India acquired 15% stake in Jubilant Food's associate company
In Q3FY23, Just Dial's Ebitda margin improved by 400 bps QoQ aided by growth in revenue to 12.3 per cent with an Ebitda of Rs 27.3 crore while adjusted Ebitda excluding ESOP was Rs 29.4 crore.
Just Dial's promoter Reliance Retail Ventures on Wednesday sold 2 per cent stake in the company for Rs 101 crore in order to comply with the minimum public shareholding norms. According to the bulk deal data available with stock exchanges, Reliance Retail Ventures, a subsidiary of Reliance Industries, offloaded a total of 16,86,119 shares, amounting to 2 per cent stake in Just Dial. The shares were sold at an average price of Rs 600 apiece, taking the transaction value to Rs 101.16 crore. The shareholding of promoter and promoter group entities in Just Dial, which offers online directory for local contacts, has come down to 74.98 per cent from 76.98 per cent. On Monday, Just Dial said that Reliance Retail will sell 2 per cent stake in the company through the open market transactions to comply with regulatory requirement of 25 per cent minimum public shareholding. On Wednesday, shares of Just Dial closed 2.97 per cent lower at Rs 589.85 per piece on BSE and Rs 591.25 each piece on
Stocks to Watch Today: Larsen & Toubro is also likely to see some action on Tuesday as the engineering major is looking to pare stake in its subsidiaries - Nabha Power and Hyderabad Metro.
According to the technical analyst from Anand Rathi, Astral can be bought with a stop at Rs 1,940, and Just Dial can be purchaced closer to Rs 620.
Stocks to Watch Today: Shares of Adani Wilmar, Jindal Stainless, Adani Enterprises, Hero MotoCorp, Tata Steel and Titan too shall be in focus ahead of the Q4 results.
Shares of Just Dial on Wednesday dipped over 3 per cent after the company's consolidated net profit declined by 61.2 per cent for December 2021 quarter. The stock declined 5.78 per cent to Rs 791 during the day on the BSE. It settled at Rs 812.90, lower by 3.17 per cent. At the NSE, it closed at Rs 813, a decline of 3.16 per cent after tumbling 5.90 per cent during the session to Rs 790. Just Dial on Tuesday said its consolidated net profit declined by 61.2 per cent to Rs 19.4 crore for the quarter ended December 2021. The company's net profit stood at Rs 49.9 crore in the year-ago period. Its net revenue from operations dipped 6.2 per cent to Rs 158.89 crore in the October-December 2021 quarter from Rs 169.54 crore a year ago. The company said it has ramped up hiring across critical functions, such as technology, content, sales and marketing teams, which has resulted in higher employee expenses. In the sales department, headcount was up 18.3 per cent sequentially. "These investm
The company's net profit stood at Rs 49.9 crore in the year-ago period
Bajaj Finance, ICICI Prudential Life, Just Dial, Jyoti Structures, LT Technology Services and Tata Elxsi are scheduled to announce December quarter results today.
Ferilisers, banking shares along with result-oriented stocks like Just Dial, Jubilant Foodworks, Tata Communication, Nestle India and Rallis India to be in focus today
Broking firms are advising their retail clients to buy shares of Just Dial to gain from the arbitrage opportunity created by the open offer launched by the arm of Reliance Industries
The BSE MidCap index closed 0.35 per cent higher after hitting a new peak of 24,454 in the intra-day deals
On Sep 1, 2021, Just Dial allotted 21.2 mn shares at Rs 1,022.25 apiece to RRVL