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Just Dial shares surge 14% after profit jumps to Rs 166 crore
Just Dial shares jumped 14% after Q1 profit rose to Rs 166 crore and revenue grew 10% YoY. Paid listings hit 498,000 and margins expanded to 24.5%.
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Just Dial shares surged 14% in Mumbai trading after the local search and listings company reported a net profit of Rs 166 crore for the quarter ended June, up from Rs 136 crore a year earlier. Revenue rose 10% year-on-year to Rs 289 crore, driven by higher paid listings and advertising income.
The company's operating margins expanded to 24.5% from 22.1% in the same quarter last year, helped by lower employee costs as a share of revenue. Just Dial added 12,000 net paid listings during the quarter, taking the total to 498,000.