Just Dial dials P for profits; 8% upsurge

Just Dial on Aug 17 has declared its Q1FY17 results. In Q1FY17, total income from operation stands at Rs 176.29 crores, which has increased by 6 per cent. EBITDA stands at Rs 66.39 crores, which has increased by 10 per cent as compared to Q1FY16. Company has posted a net profit of Rs. 38.9 crore for the quarter ended June 30, 2016 as compared to Rs. 36.1 crore for the quarter ended June 30, 2015. Net profit has increased by 8 per cent as compared to the corresponding quarter of the previous fiscal.

On the other hand, company on Aug 16 has approved a Draft Scheme of Arrangement between Just Dial Limited and Just Dial Global Private Limited (JDGPL) for demerger of data and information undertaking ("Demerged Undertaking") of JDGPL into the Company, subject to requisite approvals.

Shares of the Company on Aug 17 have opened at Rs 478, and are currently down 3.01 per cent. In the last 3 months, shares have plunged by 36 per cent. 52-week High/Low stands at Rs 1077/378. Just Dial Limited is a public company incorporated on December 20,1993. It is classified as an Indian Non-Government Company and is registered at Registrar of Companies, Mumbai. Its authorised share capital is Rs. 1,012,000,000; and is involved in Information Service Activity.