Shares of Just Dial Ltd. surged over 13% on Thursday, touching a two-month high of ₹1,010 on the BSE and NSE. The rally came after the company posted strong earnings for the fourth quarter of the financial year 2023-24.
The local search engine platform impressed investors with a sharp rise in profit and a solid boost in revenue, signalling strong operational momentum and a healthy business outlook.
In the January-March quarter, Just Dial reported a 38.4% jump in consolidated net profit, which stood at ₹115.74 crore, up from ₹83.6 crore during the same period last year. Revenue also saw a significant rise, climbing to ₹361.56 crore compared to ₹306.69 crore in Q4FY23.
One of the key highlights was the company’s operating EBITDA (earnings before interest, tax, depreciation and amortisation), which more than doubled to ₹70.6 crore. The EBITDA margin improved substantially from 14.4% to 26.1%, reflecting better cost control and higher efficiency across operations.
The company also continued to expand its reach. As of March 31, 2024, Just Dial had 43.6 million active listings on its platform, a strong 19.3% growth year-on-year. Meanwhile, total unique visitors to the platform hit 171.1 million, showcasing a steady rise in user engagement.
The market clearly responded positively to these developments, with the stock rallying sharply and volumes spiking on both exchanges. Analysts believe the strong financial performance and consistent growth in platform metrics could keep investor sentiment buoyant in the near term.
