Just Dial shares jump 13% to 52-week high after solid Q4 results
Just Dial shares surged 13% to Rs 1,010, supported by strong financial performance. EBITDA increased to Rs 70.6 crore, with total active listings at 43.6 million. The launch of JD Mart platform targets India's manufacturers, distributors, and wholesalers.
shares witnessed a 13% jump to their 52-week high of Rs 1,010 after the company reported a net profit of Rs 115.6 crore which was up by 32% from the last year for the same period.The revenue stood at Rs 270.3 crore, up by 16.2% on a year on year (YoY) basis, while EBITDA stood at Rs 70.6 crore, up 111.4% YoY.
The quarterly unique visitors in 4Q-FY24 stood at 171.1 million users for the company while active paid campaigns stood at 583,690 (up 8.4% YoY) and an addition of 16,735 campaigns was seen on a QoQ basis.
The total active listings stood at 43.6 million as on March 31, 2024, which is an increase of 19.3% YoY for the company and the total ratings and reviews stood at 148.0 million at the end of , up 3.5% YoY.
The company has launched its B2B marketplace platform, JD Mart. The JD Mart platform is aimed at enabling India’s manufacturers, distributors, wholesalers, and retailers to become internet-ready in the post-COVID era, get new customers and sell their products online.
The platform offers digital product catalogues to businesses and aims at digitalising India’s businesses, especially MSMEs, across categories while enabling buyers to discover quality vendors offering a wide selection of products spread across categories to suit all B2B needs.
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Source: Stocks-Markets-Economic Times
