Just Dial Share Price: Shares of Just Dial, a local search engine company, soared by 5.64 per cent to hit its 52-Week High today, July 22. The spike in stock price resulted in reaching a new 52-week high of Rs 1,310.0 on the NSE.
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Why Just Dial Stock Price Surged?
This surge came after the company reported its highest-ever quarterly revenue and net profit in the June quarter.
Just Dial Quarter Results: Revenue
Just Dial achieved a record revenue of Rs 280.6 crore, marking a significant 13.6 per cent year-on-year (YoY) increase.
Just Dial Quarter Results: Net Profit
The company’s net profit also saw a substantial rise, coming in at Rs 141.2 crore, a 69.3 per cent YoY increase.
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Just Dial’s Expansion of Active Businesses
During the quarter, Just Dial’s network of active businesses expanded significantly, reaching a total of 44.9 million. The platform attracted its highest-ever number of quarterly visitors at 181.3 million, a 5.7 per cent YoY increase.
Just Dial’s Total Traffic
The total traffic in terms of unique visitors stood at 181.3 million, up 5.7 per cent YoY and 6.0 per cent quarter-on-quarter (QoQ). Of this traffic, 85.3 per cent came from mobile platforms, 11.3 per cent from desktop/PC, and 3.4 per cent from its voice platform.
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Total Active Listings on Just Dial
As of June 30, 2024, the total number of active listings on Just Dial stood at 44.9 million, an increase of 18.2 per cent YoY and 3.2 per cent QoQ. The company added 1,373,563 net new listings during the quarter. Out of the total listings, 29.5 million were geocoded, up 25.3 per cent YoY. The total number of images in listings reached 198.3 million, up 32 per cent YoY and 5.2 per cent QoQ.
