Reliance-Backed Small Cap Stock Rockets 13% As Profit Surges 38% In Q4
Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

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.

See Also: How To Check Greenhitech IPO Allotment Status

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.

Read Next: Tata Stock Jumps Back In Green After 6 Days As Revenue Grows 24% In Q4

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Comments
Loading...
EarningsEquitiesNewsMarketsMoversTrading IdeasJust DialReliance