Just Dial Limited shares increased 3% at Rs 858.55 at 9:20 am after the company broadcasted its financial and operating results for its first fiscal quarter ending June 30, 2023. The stock recorded a new 52-week high on July 17 at Rs 879, rising around 50% from its lows seen in March.

India’s local search engine firm reported a profit of Rs 83.4 crore for the quarter that ended June FY24 versus Rs 48.4 crore in last year’s period, backed by healthy functioning performance and topline. Revenue from operations rose 33.1% YoY to Rs 247 crore during the quarter, with traffic increasing 15.9% YoY to 171.4 million users and mobile traffic increasing 17.5%.

Further, Cash and Investments mounted at Rs 4,159.2 Crore as on June 30, 2023, up 11.2% YoY.
Total Active Listings stood at 38 million in Q1FY24, with a growth of 15.8% YoY and 4.1% QoQ. About 15 lakh listings were added (net) to the database during the quarter. Of the total listings, 23.5 million were geocoded as of June 30, 2023, up 20.4% YoY.

Total Ratings & Reviews stood at 144.6 million for Q1FY24, up 8.3% YoY.
Active Paid Campaigns at June end quarter stood at 548,270, up 13.4% YoY and 1.9% QoQ. Focus endures on signing up the majority of customers on monthly payment plans.