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Just Dial shares tumble as Q4 net profit falls 25%

JustdialShares of local search engine Just Dial today slumped 7 per cent after the company reported 25 per cent decline in net profit for the quarter ended March 31.

The stock plunged 6.55 per cent to settle at Rs 702.25 on BSE. Intra-day, it tumbled 8 per cent to Rs 691.

At NSE, shares of the company dipped 7 per cent to close at Rs 697.55.

In terms of volume, 13.30 lakh shares of the company changed hands at BSE and over 71 lakh shares were traded at NSE during the day.

Just Dial on Saturday reported 25 per cent decline in net profit at Rs 35.33 crore for the quarter ended March 31.

The company had reported a net profit of Rs 47.16 crore in the corresponding quarter a year ago.

Just Dial Ltd’s total income from operations grew 14.92 per cent to Rs 179.61 crore in the quarter under review as against Rs 156.28 crore in the year-ago period, it had said in a BSE filing.

Its overall expenses stood at Rs 143.02 crore, up 19.29 per cent as compared to Rs 119.89 crore in the third quarter of the previous fiscal.

During the entire 2015-16 fiscal, the company’s net profit stood at Rs 141.8 crore as against Rs 138.89 crore in the year-ago period.

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