Following the release of its robust Q4 results 2024, Just Dial experienced a significant uptick in share price on Thursday. Opening at ₹950.05 per share on NSE, the stock soared to an intraday high of ₹1,019.90, marking a substantial 14% increase from Tuesday's close.
Impressive Financial Performance
Just Dial reported impressive Q4FY24 results, with a 16.20% YoY revenue growth to ₹270.30 crore. EBITDA surged over 110% YoY to ₹70.60 crore, driven by revenue growth and cost efficiencies, while other income, including MTM gains and interest income, rose 23.1% YoY. Notably, PBT rose by 53.5% YoY to ₹147.3 crore, with net profit surging by 37.9% YoY to ₹115.6 crore.
Operational Highlights
The quarter saw a 7.4% YoY increase in total traffic, with mobile platforms accounting for 84.6% of the traffic. Total active listings rose by 19.3% YoY to 43.6 million. 1,942,275 listings were added (net) to the database during the quarter. Out of total listings, 28.5 million listings were geocoded as of March 31, 2024, up 27.6% YoY. Total Images in listings stood at 188.5 million, up 35.4% YoY and 7.3% QoQ. Active Paid Campaigns at the end of the quarter stood at 583,690 up 8.4% YoY and 3.0% QoQ.
Analyst Recommendations
Analysts expect further upside in Just Dial shares, with a target price set at ₹1,060 and ₹1,120 per share. Investors are advised to maintain a 'buy-on-dips' strategy, with a stop loss at ₹940 for short-term targets.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
