The shares of Just Dial Ltd jumped over 3 percent on October 11 after the company reported over 9 percent jump in September quarter profit.
The stock of the company rose 3.05 percent to trade at Rs 1,308.95 on NSE at 15:06 pm on October 11.
The company posted a net profit of Rs 154.07 crore in the second quarter of the current financial year, up 9.09 percent from Rs 141.22 reported in the June quarter of FY25, the internet-based local services search firm said in an exchange filing.
The September quarter profit was 114.61 percent higher compared to Rs 71.79 crore posted in the year-ago period, the exchange filing showed.
The net revenue of the firm stood at Rs 284.83 crore in the reported quarter, recording a jump of a marginal 1.51 percent over Rs 280.57 crore in Q1FY25. In the same period of the previous financial year, the net revenue from operations stood at Rs 260.61 crore, the filing said.
“Justdial has consistently demonstrated sustainable and profitable growth through a razor-sharp focus on core products and operational efficiency. We’re not only achieving new revenue milestones but are also making significant investments in advanced technologies, including AI, to further enhance the value we deliver to both users and businesses,” said Shwetank Dixit, chief growth officer, Justdial.
The company, in a statement, also said that it has been exploring new digital customer acquisition channels. "Some have shown immense promise and will be scaled in FY25 with increased budget and resource allocation," the company statement said.
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