Just Dial, a well-known company supported by Reliance Retail, has some exciting news! For the three months ending on December 31, 2024, they made a profit of Rs 131.31 crore. That’s 43% more than last year when they earned Rs 92 crore.
More Money Coming In
In this quarter, Just Dial’s total earnings were Rs 287.33 crore. This is an 8.4% rise from Rs 265 crore during the same period last year.
Comparison with Last Quarter
However, compared to the previous three months, the profit went down by 15% from Rs 154 crore in Q2FY25. Their earnings were a tiny bit higher than the last quarter, with a 0.88% increase from Rs 285 crore.
Overall Income
Their total income, adding other earnings of Rs 77 crore, reached Rs 365 crore this quarter. Last quarter, it was Rs 398.44 crore, and a year ago, it was Rs 340 crore.
Understanding Just Dial’s Costs
Just Dial’s expenses were Rs 215.57 crore for this quarter, slightly down from Rs 216.88 crore in Q2FY25 and Rs 218.97 crore last year. These costs include salaries, money they borrowed, and other expenses.
Looking at the Year So Far
For the nine months ending in December, they made a total profit of Rs 426.60 crore, which is a 73% increase from Rs 247.20 crore last year. Their total revenue was Rs 852.73 crore, marking a 10.4% rise from Rs 772.64 crore in the previous year.
What the Management Says
Shwetank Dixit, who is the Chief Growth Officer at Just Dial, shared, “We are working hard to grow our earnings and keep our operations running smoothly. By improving what we offer to customers and giving businesses easy-to-use tools, we are creating good growth for everyone. We are inspired by the stories of success from small and medium businesses using Just Dial.”
Looking At Target Prices
As per NiftyStat, the average target price for Just Dial’s stock is Rs 1,275, which means it could go up by 23% based on current prices. Out of 8 analysts, they all suggest to ‘Buy’ the stock.
Stock Performance
Recently, Just Dial’s shares closed at Rs 1,034, going down 3.75% on the BSE, while the main index, Sensex, dropped by 0.31%. The stock has gone down 18% in the last three months but has gone up 75% in the last two years. Just Dial’s market value is now at Rs 8,798 crore.
(Disclaimer: The opinions shared here are from experts, and do not reflect the views of Thellv.news)
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