Just Dial shares surge more than 8% as revenue for the March quarter increases by 16%

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Just Dial shares surge more than 8% as revenue for the March quarter increases by 16%

Team FS

18/Apr/2024

Key Points:

Market Rally: Just Dial's shares skyrocket over 8% in early trade post-release of robust Q4 results, with the company reporting a significant rise in consolidated net profit.
Financial Performance: Consolidated net profit jumps by 38.44% to ₹115.74 crore in Q4, driven by a 16.2% year-on-year increase in operating revenue and significant expansion in EBITDA margin.
Operational Highlights: Just Dial witnesses a surge in total traffic to 171.1 million, with mobile platforms accounting for a substantial portion, underscoring the company's strong presence in the local search market.

Investor enthusiasm soared as Just Dial's shares surged over 8% in early trade on April 18, buoyed by the company's impressive performance in the January to March 2024 quarter. The market rally follows the release of Just Dial's robust Q4 results, which showcased strong revenue growth and a substantial boost in consolidated net profit.

Financial Highlights Drive Investor Confidence
Just Dial reported a stellar 38.44% increase in consolidated net profit to ₹115.74 crore for the fourth quarter ended March 31, 2024, compared to ₹83.6 crore in the same period of the previous fiscal. This remarkable performance was underpinned by a notable 16.2% year-on-year surge in operating revenue, which stood at ₹270.3 crores. Moreover, the company demonstrated significant improvement in operational efficiency, with an operating EBITDA of ₹70.6 crore and an EBITDA margin of 26.1%.

Operational Excellence Fuels Growth
Just Dial's operational prowess was further underscored by its robust traffic performance, with total traffic (unique visitors) reaching 171.1 million in the quarter under review. Notably, mobile platforms accounted for 84.6% of the traffic, highlighting the company's strong presence in the digital space. This surge in traffic, coupled with a strategic focus on cost efficiencies, propelled Just Dial's operational performance and bolstered investor confidence in the company's growth trajectory.

Strategic Positioning in Local Search Market
Just Dial Limited, a prominent player in India's local search market, provides comprehensive search-related services to users through various platforms, including desktop and mobile websites, mobile apps, and telephone services. The company's steadfast commitment to delivering superior user experience and innovative solutions has solidified its position as a trusted destination for local search queries, driving sustained growth and value creation for shareholders.

Charting a Path Forward
As Just Dial continues to leverage its strengths and capitalize on emerging opportunities in India's dynamic digital landscape, the company is well-positioned to sustain its growth momentum and deliver long-term value to stakeholders. With a focus on innovation, operational excellence, and customer-centricity, Just Dial remains poised to navigate challenges, seize market opportunities, and drive sustainable growth in the evolving local search market.

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Just Dial shares surge more than 8% as revenue for the March quarter increases by 16%

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