Just Dial Q1 was an Utter Failure; Share Price Dips 3%

Just Dial shares dipped 8 per cent

since the morning of 17th August,
owing to the local search firm's
disappointing quarterly numbers.
Just Dial disclosed a net profit of
Rs 38.9 crore on sales of Rs
176.29 crore in the June quarter.
The company, which had disclosed
sales of Rs 179 crore in the March
quarter, posted its first ever
sequential decline in revenue. The
revenue hit was because of
aggressive discounts to bag more
business.
Paid listings form the core of Just Dial's operations, but they have come under pressure for the
last few quarters due to the tough competition from the renowned companies such as Zomato
and Practo. Consequently, Just Dial has lost market share in sectors including food orders and
doctor appointments over the last few months. The company further added a 6 per cent fall in
average realization per campaign throughout the June quarter. Its lowest ever margin in the
June quarter was caused by higher employee expenses. The company had previously
announced that it was going to recruit more sales people to drive business.

As of 11.42 a.m., Just Dial shares traded 3 per cent lower at Rs470.30, opened at Rs. 479.00
against its previous closing at Rs. 485.65.

Market Synopsis
Just Dial is one of the top 500 stocks recommended by Dynamic Levels for this quarter. Just
Dial share price traded at its 52 week high at 1077.90 on 14th Oct 15 while the 52 week low is
observed at Rs 375.70 on 12th Feb 16. The Average Daily Movement of the stock is 34.81 and
its average volume for last 20 days is 1779910. Approximately 7.8 lakh shares were traded in
the counter, as per NSE. The PE ratio of the stock is 24.18. The market cap of the company

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amounts to Rs. 3425.61 (Cr) and has a book value of Rs. 95.46. For further details on the
support and resistance refer to Just Dial share price forecast.

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Disclaimer
The investment advice or guidance provided by way of recommendations, reports or other ways
are solely the personal views of the research team. Users are advised to use the data for the
purpose of information and rely on their own judgment while making investment decision.
Dynamic Equities Pvt. Ltd - SEBI Investment Advisory Reg. No.: INA300002022
Disclosure
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and based on their observations have issued advise letters or levied minor penalty on for certain
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Answers to the Best of our knowledge and belief of Dynamic/ its Associates/ Research Analyst:
DYNAMIC/its Associates/ Research Analyst/ his Relative:

Do not have any financial interest / any actual/beneficial ownership in the subject
company.

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research report

Have not received any compensation from the subject company in the past twelve months

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any compensation or other benefits from the subject company, nor engaged in market
making activity for the subject company

Have not served as an officer, director or employee of the subject company

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