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Just Dial Q2 Profit Declines 9.73% to ₹107.8 Cr Despite 13% Revenue Growth
Sentiment: NeutralHigh Priority
What Happened?
Just Dial Ltd reported a 9.73% decline in net profit to ₹107.8 crore for Q2 FY27, despite a 13.11% increase in revenue to ₹342.82 crore compared to last year.
Key points
- Just Dial's net profit fell to ₹107.8 crore from ₹119.44 crore a year ago.
- Revenue from operations increased to ₹342.82 crore from ₹303.07 crore year-on-year.
- Total expenses rose by 14.6% to ₹262.81 crore in the September quarter.
- Total income for the quarter was ₹397.38 crore, up 5.6% year-on-year.
- Shares of Just Dial closed 2.82% higher at ₹732.55 on the BSE.
Key insights
- The profit decline could indicate rising operational costs affecting overall profitability.
- Investors may scrutinize Just Dial's expense management strategies moving forward.
- The revenue growth suggests a strong demand for Just Dial's services despite profit challenges.
Why it matters
The decline in profit despite revenue growth may concern investors about Just Dial's cost management.
Entities
Just Dial Ltd· CompanyReliance Retail Ventures· CompanyMukesh Ambani· PersonBSE· Organization
Source
Business Standard
