- By Aditya Pratap Singh
- Thu, 18 Apr 2024 02:14 PM (IST)
- Source:JND
Just Dial share price: Just Dial shares jumped around 13% on Thursday to reach a 52-week high level of Rs 1010 after the company posted excellent quarterly results. Justdial said its consolidated net profit has increased by 38.44% to Rs 115.74 crore for the quarter ending March 2024. Last year in the same period net profit was Rs 83.6 crore.
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Just Dial Revenue
Just Dial has said that its consolidated total income for the quarter ending March 2024 was Rs 361.56 crore, the same was at Rs 306.69 crore last year in the same quarter. The company's total expenses in the January-March 2024 quarter stood at Rs 214.12 crore, which was Rs 210.94 crore in the same period a year ago. Just Dial's consolidated net profit for the financial year ending March 31, 2024, stood at Rs 362.93 crore, which was Rs 162.72 crore in the same period a year ago.
The company's EBITDA for the recently concluded March 2024 quarter stood at Rs 70.60 crore, up over 110 percent year-on-year. The company's EBITDA margin increased by 11.76 percent year-on-year and 3.34 percent quarter-on-quarter. This was possible due to revenue growth and cost efficiencies in both personnel costs and other expenses.
The company's other income (primarily MTM earnings on treasury portfolio and interest income on tax-exempt bonds) stood at Rs 91.3 crore (up 23.1 percent year-on-year), up 21 percent quarter-on-quarter. This increase in Just Dial's earnings could be possible due to a slight decline in bond yields during the fourth quarter of the fiscal year 2023-24.
The stock surged over 50% last year
Shares of Just Dial surged over 50% in the last year. The company's shares were at Rs 665.80 on April 18, 2023, and it was trading around Rs 1010 on 18 April 2024. In the last 6 months, it has risen over 35 percent. In the last 30 days, Just Dial shares rose 28%. The 52-week high level of the company's shares is Rs 1010 whereas, the 52-week low level of Just Dial shares is Rs 646.75. The domestic benchmark indices broke the 3-day losing streak, as Sensex surged over 500 points during the day trade.
