Just Dial shares rose more than 8% in early trading on April 18, following the company’s disclosure of its results for the January to March 2024 quarter.
At 11:27 am, Just Dial’s stock price surged by 10.43% to reach Rs 984.05 on the NSE. Over the last month, the company’s shares have risen by 25%, surpassing the 0.79% increase in the benchmark Sensex during the same period.
Thursday’s surge was triggered by the firm’s announcement of a 38.44% increase in consolidated net profit to Rs 115.74 crore for the fourth quarter ending March 31, 2024. This marked a significant rise from the consolidated net profit of Rs 83.6 crore reported in the same period of the previous fiscal year, according to regulatory filings.
Just Dial’s operating revenue increased by 16.2% year on year and 2% quarter on quarter, totaling Rs 270.3 crores. The operating EBITDA was Rs 70.6 crore, with an EBITDA margin of 26.1%.
As per the company’s statement, the increase in EBITDA margin was propelled by both revenue growth and cost-saving measures, notably in employee expenses and other operational costs.
In the quarter, consolidated total income reached Rs 361.56 crore, up from Rs 306.69 crore in the corresponding period last year. The fourth quarter’s total expenses came to Rs 214.12 crore, up from Rs 210.94 crore in the previous year.
Just Dial shares
In the fiscal year ending March 31, 2024, Just Dial experienced a significant increase in its consolidated net profit, rising to Rs 362.93 crore from Rs 162.72 crore in the prior fiscal year.
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During the quarter, total traffic (unique visitors) amounted to 171.1 million, marking a 7.4% increase year-on-year and a 3.1% increase quarter-on-quarter. Notably, the company’s statement reveals that 84.6% of the traffic originated from mobile platforms, while 12.2% came from desktop/PC, and 3.2% from the voice platform.
