Just Dial slumps as company reports 25% decline in Q4 net profit

NEW DELHI: Shares of local search engine giant Just Dial ended lower by 6.55 per cent on Monday despite the company reporting a 15 per cent rise in its Q4 total income to Rs 179 crore in the quarter ending March 31, 2016.

The company had reported total income of Rs 156.28 crore in the same quarter of last financial year. Just Dial reported a 25.08 per cent decline in its Q4 net profit to Rs 35.33 crore from Rs 47.16 crore.

Reacting to the numbers, the scrip had gained 7.55 per cent to hit a high of Rs 808 on the BSE, in early morning gains. But, the gains were pared by afternoon trade on the bourses. The stock has slipped 7.45 per cent in the year so far.