Q3FY19: Just Dial net profit doubles

Indian search engine and listing company Just Dial's results were above market estimates with revenues up by 15.2 per cent at Rs. 226.8 crore and profit doubling to Rs. 57.3 crore.

The operating revenue for Q3FY19 was at Rs. 226.8 crore as against Rs. 196.8 crore in Q3FY18, which is up by 15.24 per cent and on QoQ basis it was up 2.6 per cent. Adjusted EBITDA was up 19 per cent for the quarter at Rs. 60.5 crore as against 50.8 crore in the corresponding quarter a year ago. Adjusted EBITDA margin was reported at 26.7 per cent in Q3FY19 as against 25.8 per cent in Q3FY18. In Q3FY19, Just Dial's profit doubled to Rs. 57.3 crore as against Rs. 28.6 crore in the year-ago quarter.

The company reported stable unique visitor numbers for the quarter at 134.2 million as against the previous quarter at 131.3 million.

On Tuesday, the stock was volatile after opening with a gap-up at Rs. 482.25 per share. The stock hit an intraday high of Rs. 489.80 and intraday low of Rs. 465.45 per share. At noon 12:01 hours, the stock was trailing at Rs. 472.75 per share, down by 0.26 per cent on BSE.