Just Dial Reports Strong Q3 FY24-25 Results Amid Concerns Over Non-Core Income Reliance

Just Dial, a midcap player in the IT software industry, has reported its financial results for the third quarter of FY24-25, declared on January 10, 2025. The company achieved net sales of Rs 287.33 crore, reflecting a consistent upward trajectory over the last five quarters. Operating profit also showed a favorable trend, with a quarterly figure of Rs 86.60 crore, indicating enhanced operational efficiency and a robust operating profit margin of 30.14%.
Profit Before Tax (PBT) was recorded at Rs 71.76 crore, demonstrating a notable year-on-year growth of 55.73%. Furthermore, the Profit After Tax (PAT) reached Rs 131.31 crore, representing a 42.7% increase compared to the previous year.

However, the financial results also highlight a significant concern: non-operating income accounted for 51.89% of the PBT, suggesting a reliance on income from non-core activities. This aspect raises questions regarding the sustainability of growth in the long term, despite the positive trends observed in core financial metrics.

In light of these developments, Just Dial has undergone an adjustment in its evaluation, reflecting the complexities of its financial landscape.

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