Shares of Just Dial Ltd gains 3% post Q1 results

Just Dial Ltd reported a profit of Rs.83.4 million for the quarter ended June 2024, compared with a loss of Rs.48.4 million in the same period last year, on the back of strong operating results and strong sales. Just Dial Ltd’s share price rose 3% to Rs 858.55 as of 9:20am on 13th July after the company announced its financial and operating results for the first quarter ended 30th June 2023. became. The share price hit a 52-week high, reaching 879 rupees on July 17, up about 50% from its March low.
India’s local search engine company reported a profit of Rs.83.4 million in the quarter ended June 2024, compared with a loss of Rs.48.4 million in the same period last year, supported by healthy operating results and strong sales. Operating revenue for the quarter increased by 33.1% year-on-year to Rs 247 million, data traffic increased by 15.9% year-on-year to 171.4 million users, and mobile traffic increased by 17.5%. Furthermore, cash and investments totaled Rs 4,159.2 million as at 30 June 2023, representing an increase of 11.2% over the previous year.
The total number of active listings in Q1 2024 was 38 million, up 15.8 percent year-on-year and 4.1 percent sequentially. Approximately 1.5 million net entries were added to the database during the quarter. As of June 30, 2023, 23.5 million listings out of all listings have been geocoded, a 20.4% year-over-year increase.
The total number of ratings and reviews in Q1 2024 was 144.6 million, an increase of 8.3% year-over-year.
At the end of June, the number of active paid campaigns was 548,270, up 13.4 percent year-on-year and 1.9 percent quarter-on-quarter. Continued focus on attracting the majority of customers to monthly payment plans