Just Dial struggles with operational profitability
DSIJ Intelligence / 28 Jan 2017
Just Dial declared its Q3FY17 results on Saturday. The company's revenue increased by 8.49 per cent to Rs 180 crore in Q3FY17 as compared to the same period in previous financial year.
Just Dial declared its Q3FY17 results on Saturday. The company's revenue increased by 8.49 per cent to Rs 180 crore in Q3FY17 as compared to the same period in previous financial year. However, its EBITDA dropped by 18.58 per cent to Rs 25.73 crore in Q3FY17 on yearly basis. Just Dial's net profit has increased by 5.84 per cent to Rs 27.71 crore in Q3FY17 as compared to the same period in previous fiscal year.
In nine months, Just Dial's revenue increased by 8.23 per cent to Rs 537 crore in 9MFY17 on yearly basis. However, its EBITDA dropped by 28.62 per cent to Rs 77.43 crore in 9MFY17 as compared to the same period in previous financial year. Just Dial's net profit also reduced by 6.27 per cent to Rs 96.8 crore in 9MFY17 on yearly basis.
Just Dial's operation efficiency got affected due to 18.12 per cent increment in employee expense in Q3FY17 and 9MFY17 respectively.
On Friday, the share price of Just Dial increased 2.65 per cent on bourses and closed at Rs 371.35. On Monday, the share price of the company may open in red persisting its weak financial performance in the latest quarter.
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