Mukesh Ambani stock experienced an 8% decline following the release of disappointing Q3 results.
Mukesh Ambani stock: The digital landscape in India has undergone a significant transformation, reshaping the way businesses function and paving the way for innovative platforms such as Swiggy, Zomato, Policybazaar, and Justdial. These pioneering digital enterprises have disrupted their respective industries – food delivery, insurance comparison, and local business searches – by harnessing technology to provide convenience, transparency, and efficiency.
With a rapidly expanding internet user base, increasing smartphone usage, and government initiatives like Digital India, the potential for digital businesses in India is vast.
These platforms have not only generated numerous job opportunities but have also empowered small businesses by connecting them with larger audiences. As India embraces digitalization, the future looks promising for these enterprises, with unexplored markets, changing consumer preferences, and advancements in AI and big data driving further growth.
Stock Price
As of January 13, 2025, the shares of Just Dial are currently trading at Rs. 947, marking an 8.51% decrease from its previous close of Rs. 1,035. The stock also reached an intraday low of Rs. 941.
Q3 Results
Just Dial released its Q3 FY25 results in an exchange filing after trading hours on January 10. The company reported a net profit of ₹131.3 crore, showing a significant 42.7% year-on-year growth. However, this figure represents a decrease of nearly 15% compared to the net profit of ₹154 crore reported in the previous quarter (Q2).
Furthermore, Just Dial’s revenue increased by 8.4% year-on-year to ₹287.3 crore. In the same quarter of the previous fiscal year, the company had recorded a net profit of ₹92 crore.
Moreover, the EBITDA for Q3 FY25 saw a substantial surge to ₹86.6 crore, marking a 43% increase from the ₹60.2 crore reported in Q3 FY24. The EBITDA margin also improved to 30.1% during the quarter, up from 22.8% in the corresponding period of FY24.
Management Commentary
In the recent exchange filing, Shwetank Dixit, Chief Growth Officer at Justdial, shared the company’s vision: “Our primary focus remains on driving top-line growth while upholding operational efficiency, as evidenced by our Q3 results. Through the enhancement of our user offerings and the provision of user-friendly, advanced tools for businesses, we are fostering sustainable growth for all stakeholders.”
About the Company
Established on December 20, 1993, Just Dial Ltd is a prominent player in India’s local search ecosystem. It provides a variety of search-related services across various platforms such as the Internet, mobile apps, desktop, voice, and SMS, enabling users to conveniently locate businesses, products, and services.
The company’s portfolio includes JD Omni, a business management tool for SMEs, JD Pay for digital payments, and JD Mart, a B2B marketplace introduced in 2021. Just Dial also incorporates social engagement through JD Social to enhance MSME visibility. With an extensive database of 36.5 million active listings (as of March 2023) and operations spanning 250 cities and over 11,000 pin codes, it empowers businesses while catering to millions of users nationwide.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.