Just Dial Rallies Over 8% on Profit Show of Fourth Quarter
Today, it was seen that the Just Dial rallied over 8 per cent in morning trade. It was due to drastic growth of net profit. Today, the Just Dial had reported that it has experienced 53.68 per cent annual growth in net profit at Rs 38.96 crore for the quarter to March. There was net profit of Rs 25.35 crore in the same quarter last year. Analysts informed that total income rose 11.71 per cent to Rs 217.09 crore during the period under review against Rs 194.34 crore earlier. The scrip had scaled 52-week high of Rs 648 on January 16 and hit 52-week low of Rs 326.10 on August 11 last year. The company also revealed that the cumulative App downloads at the end of the quarter stood at 19.8 million, up 49.7 per cent yoy and 5.8 per cent qoq. During the fourth quarter, there was an average 15,501 app downloads per day. Nearly 71 per cent of traffic originated on mobile platforms, 21.5 per cent on desktop-PC and 7.7 per cent on the voice platform. Traffic, or unique visitors, for the quarter stood at 111.6 million, up 28.6 per cent yoy and 3.7 per cent sequentially. The stock surged as much as 8.47 per cent to Rs 441.80 in early session.