Q1FY22 Company Update - Just Dial Ltd - ICICI Direct

JDL reported Q1FY22 results.

- Revenues declined 5.8% QoQ due to impact of Covid

- Loss at EBITDA level of Rs. 17.2 crore due to higher ad expenses

- Just Dial made a loss at PAT level of Rs. 3.52 crore

Key triggers for future price performance

- Covid and changing consumer behaviour have led to increase in virtualisation of business. Enterprises now have an omni channel presence (in physical & digital world)

- JDL will be a key beneficiary of this shift of advertising to digital medium and underpenetrated MSME (B2B) segment. The paid subscribers as a percentage of total MSME is just 1.3%

- JDL's B2B and B2C platforms are well placed to capture this demand leading to PAT & revenue CAGR of 22% & 36%, respectively, over FY21-23E

- Change in promoters could help drive growth higher

For details, click on the link below: Link to the report

Shares of JUST DIAL LTD. was last trading in BSE at Rs. 989.7 as compared to the previous close of Rs. 1017.8. The total number of shares traded during the day was 13298425 in over 9437 trades.

The stock hit an intraday high of Rs. 1054.35 and intraday low of 983.25. The net turnover during the day was Rs. 13562071427.

Source : Equity Bulls

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