Just Dial’s share price was racing at the bourses on Thursday morning going up over 13% to hit a new 52-week high of ₹1,010.
What Happened: The massive surge today comes as the Reliance-owned company posted its earnings for the quarter ended March on Wednesday. During the March quarter, Just Dial reported a consolidated revenue from operation at ₹ 270.3 crore, up 16.2% from the ₹232.5 crore posted in the same quarter of the previous year.
Net profit for the Jan-March period came in at ₹115.6 crore, up around 37.9% from the ₹83.8 crore posted in the same period last year.
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For the quarter, the company reported a total traffic (unique visitors) of 171.1 million, marking a 7.4% year-over-year increase and a 3.1% quarter-over-quarter growth. The majority of this traffic, 84.6%, originated from mobile platforms, followed by 12.2% from desktop/PC, and 3.2% from the voice platform.
At the end of the March quarter, the company had 583,690 active paid campaigns, reflecting an 8.4% year-over-year rise and a 3.0% quarter-over-quarter increase. “Focus continues on signing up majority of customers on monthly payment plans,” the company said in a press release.
Price Action: Just Dial’s share price was up 7.89% to trade at ₹961.45 shortly after market open on Monday.
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