Introduction:
Just Dial Ltd. Has suggested an impressive Q2 overall performance for the September 2024 quarter, with net income extra than doubling to Rs 154 crore, reflecting a extremely good yr-on-year increase of 114.4% from Rs seventy one.Eight crore in the identical length final 12 months. This surge has fueled a close to 10% rally in its stocks on Friday, highlighting strong investor self belief.
Financial Highlights
Net Profit: Rs 154 crore, up 114.4% YoY; sequential growth of 9.21% from Rs 141 crore in Q1.
Revenue: Consolidated revenue from operations rose by 9.2% YoY and 1.5% QoQ to Rs 284.8 crore.
- EBITDA: Increased by 1.7% to Rs 82 crore, with EBITDA margin improving by 100 basis points to 28.8%.
Market Reaction
Following the release of these robust results, Just Dial’s shares surged by 9.8%, reaching Rs 1,395 on the NSE before paring some gains to trade 2.8% higher at Rs 1,306 later in the day.
This performance stands out against a backdrop of a 0.13% decline in the benchmark Nifty 50, underscoring the market’s positive sentiment towards Just Dial.
Just Dial Q2 Results: Net Profit Soars 114%, Fueling Market Confidence:
Year-to-Date Performance
The stock has been on a remarkable trajectory, gaining 62.5% year-to-date and 75.7% over the past 12 months. Analysts remain generally bullish, with six out of nine tracking the stock giving it a “buy” rating. However, one analyst suggests a “hold,” while two recommend a “sell.
The average 12-month price target suggests a potential downside of 5.7%, indicating that while growth is strong, there are concerns about future performance.
Conclusion:
Just Dial’s Q2 results showcase significant growth, positioning the company well in the competitive landscape. With a strong profit increase and revenue growth, the outlook remains optimistic, although investors should be mindful of potential market corrections.
The overall sentiment among analysts reflects a cautious optimism as Just Dial continues to expand its market presence.
FAQ:
1. What were Just Dial’s net profit figures for Q2 FY2024?
Just Dial reported a net profit of Rs 154 crore for the September 2024 quarter, representing a remarkable increase of 114.4% year-on-year.
2. How does the Q2 net profit compare to the previous quarter?
Sequentially, the net profit rose by 9.21% from Rs 141 crore reported in Q1 FY2024.
3. What was Just Dial’s revenue for Q2 FY2024?
The company’s consolidated revenue from operations for the quarter was Rs 284.8 crore, reflecting a 9.2% increase compared to the same quarter last year and a 1.5% increase from the previous quarter.
4. What are the key earnings metrics reported?
Just Dial’s EBITDA for Q2 FY2024 was Rs 82 crore, with an EBITDA margin of 28.8%, up by 100 basis points quarter-on-quarter.
5. How did the market react to Just Dial’s Q2 results?
Shares of Just Dial surged nearly 10% to Rs 1,395 following the announcement, though they later settled to a 2.8% increase at Rs 1,306.
6. What is Just Dial’s stock performance year-to-date?
The stock has gained approximately 62.5% year-to-date and 75.7% over the past 12 months.
7. What do analysts think about Just Dial’s stock?
Out of nine analysts tracking Just Dial, six have a “buy” rating, one suggests a “hold,” and two recommend a “sell.” The average 12-month price target indicates a potential downside of 5.7%.
8. What factors contributed to Just Dial’s strong performance?
The significant increase in net profit and revenue indicates robust business growth and effective cost management, positioning Just Dial favorably in its market segment.
9. Should investors consider buying Just Dial stock now?
While the strong financial results and bullish analyst ratings may encourage investment, potential investors should consider the implied downside in price targets and market conditions before making a decision.
10. Where can I find more information on Just Dial’s financial performance?
For further details, you can refer to Just Dial’s official investor relations page, financial news platforms, or analyses from financial analysts and investment firms.
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