Justdial stock down 5% after Q2 net profit decline
Justdial nosedived 5 percent following its poor Q2 performance. It reported ₹303 crores of revenue with a growth of 6 percent YoY and 2 percent QoQ, whereas net profit decreased by 23 percent YoY to ₹119 crores and 26 percent QoQ. EBITDA margins dipped marginally by 10 bps, and net profit margin decreased significantly by 700 bps YoY.