Stocks

Just Dial shares tank 8% as Q2 profit lags estimates

Reuters | Updated on January 23, 2018

Shares of Just Dial today fell as much as 8 per cent at Q2 profit lags estimates.

The stocks heads towards its biggest one-day fall since August 24.

Q2 earnings adjusted for other income lag consensus estimates.

The company’s second quarter earnings rose 39.6 per cent q/q to Rs 46.3 crore ($7.11 million).

During the second quarter, other income rose 268.8 per cent q/q to Rs 26.26 crore.

Paid listings grew by a meagre 0.8 per cent q/q vs estimate of 6 per cent growth which led to revenue disappointment, according to analysts.

Delay in the launch of Search Plus commercial advertising are also seen as a negative.

Published on October 29, 2015

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