Just Dial shares surged nearly 10% after the company reported strong performance in its Q2 results for the fiscal year 2024. The company’s revenue grew by 9.28% year-over-year (YoY) to ₹284.83 crore, compared to ₹261 crore in the same quarter last year.
The net profit saw a significant jump, almost doubling to ₹150 crore from ₹71.8 crore YoY, showcasing a marked improvement in operational efficiency and increased market demand for its services. Just Dial’s EBITDA also experienced notable growth, rising to ₹82 crore from ₹48.8 crore in Q2 FY23. The EBITDA margin improved to 28.79%, up from 18.73% in the previous year.
Key Financial Highlights:
- Revenue: For Q2 FY24, Just Dial’s revenue from operations stood at ₹284.83 crore, up 9.28% YoY from ₹261 crore.
- Net Profit: The company’s net profit surged to ₹150 crore, more than doubling from ₹71.8 crore in the same period last year.
- EBITDA: EBITDA rose to ₹82 crore from ₹48.8 crore YoY, reflecting a 68% growth, with the EBITDA margin improving to 28.79% from 18.73%.
- Other Income: The company reported other income of ₹110 crore, adding to its profitability.
This steady growth across key financial metrics demonstrates the company’s solid market positioning and the impact of its strategic initiatives in the digital space.
As of 1:47 pm, Just Dial shares were trading 9.48% higher at ₹1,390.60 on NSE
