scorecardresearchJust Dial shares jump 10% after company reports robust Q3 earnings

Just Dial shares jump 10% after company reports robust Q3 earnings

Updated: 16 Jan 2023, 10:53 AM IST
TL;DR.
  • Just Dial earnings: The company's consolidated net profit for the October-December quarter grew by more than threefold, to 75.32 crore.
Shares of Just Dial surge over 10% on Monday's early trade

Shares of Just Dial surge over 10% on Monday's early trade

Shares of Just Dial opened 10 percent higher on Monday following the company's strong earnings for the December quarter, released on Friday.

The company's consolidated net profit for the October-December quarter grew by more than threefold, to 75.32 crore. The consolidated revenue stood at 221.4 crore, up 39.3 percent year-on-year (YoY) and 7.9 percent quarter-on-quarter (QoQ).

According to the company's exchange filing, the adjusted operating earnings before interest, taxes, depreciation, and amortisation (EBITDA), excluding ESOP expenses, stood at 29.4 crore, which was up 194 percent on year, and 51.1 percent QoQ. The company's margin improved for the fourth quarter in a row.

At 9:55 IST, the stock was trading at high volume of 960.6K with a price gain of 8.79 percent.

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Just Dial's six months stock performance

"This seems to be a price and volume breakout and further upside can be expected in the coming days. 620 - 600 level is the immediate support zone, whereas 685 - 700 level is resistance," said an analyst.

The stock has fallen 33.01 percent from the 52-week high of 957.6 recorded on January 21, 2022, and the weekly average delivery volume is 39.08 percent.

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First Published: 16 Jan 2023, 10:53 AM IST