Just Dial trades with traction on reporting 3- a fold jump in Q4 consolidated net profit!

Just Dial has reported results for the fourth quarter (Q4) and the year ended March 31, 2023.        

Quarterly and Annual results 

On a consolidated basis, the company has reported an over 3-fold jump in its net profit at Rs 83.60 crore for the fourth quarter that ended March 31, 2023, as compared to Rs 22.05 crore for the same quarter in the previous year. The total income of the company increased by 51.90% at Rs 306.69 crore for Q4FY23 as compared to Rs 201.90 crore for the corresponding quarter previous year. 

For the year ended March 31, 2023, on a consolidated basis, the company has reported over a 2- fold jump in its net profit at Rs 162.72 crore as compared to Rs 70.83 crore for the previous year. Total income of the company increased by 28.29% at Rs 986.67 crore for the year under review as compared to Rs 769.11 crore for the year ended March 31, 2022.  

Share price movement of Just Dial Limited 

Today, the stock opened at Rs 665.95, with a high and low of Rs 695.70 and Rs 665. Currently, the stock is trading at Rs 686.30, up by 5.63%.  

The stock has a 52-week high of Rs 939.60 and a 52-week low of Rs 520.30. The company has a market capitalisation of Rs 5786.91 crore.  

Company profile     

Justdial is the market leader in the local search engine segment in India. The company provides local search-related services to users across India in a platform-agnostic manner. The multi-platform offering includes App (Android, iOS), mobile website, desktop /PC, voice and text. The company has about 9500 employees in telesales, marketing, and feet-on-street activities which are deployed across 250+ cities and covers 11,000+ pin codes in India.