Just Dial reports significant growth in financials for Q3 2023

Just Dial, a leading IT software company in the midcap category, has recently announced its financial results for the quarter ended December 2023. The company has shown a very positive performance in terms of its financials, with a significant growth in key areas.

According to the latest report, Just Dial's Profit Before Tax (PBT) has increased by 180.12% year on year, reaching Rs 46.08 crore. This is a clear indication of the company's strong financial health and its ability to generate profits. The company's Net Sales have also seen a steady growth in the last five quarters, with the latest quarter recording the highest sales at Rs 265.05 crore. This trend is expected to continue in the near future, as the company's sales performance has been consistently positive.

Just Dial's Operating Profit (PBDIT) has also shown a positive trend, with the latest quarter recording the highest operating profit at Rs 60.37 crore. This is a testament to the company's efficient operations and its ability to generate profits. The Operating Profit Margin has also improved, reaching its highest at 22.78%, indicating an increase in the company's efficiency.

In terms of profitability, Just Dial's Profit After Tax (PAT) has reached its highest at Rs 92.01 crore in the last five quarters, with a growth of 22.2% year on year. This is a positive sign for the company and its shareholders, as it shows an increase in earnings. The Earnings per Share (EPS) have also seen a steady growth, reaching its highest at Rs 10.82.

However, there are some areas that need improvement for Just Dial. The company's Non Operating Income is 61.90% of its PBT, which indicates a high reliance on non-business activities for income. This may not be a sustainable business model in the long run. Additionally, the company's Cash and Cash Equivalents have decreased in the last six half yearly periods, indicating a deterioration in short term liquidity.

Overall, Just Dial's financial performance for the quarter ended December 2023 has been very positive, with strong growth in key areas. This has led to a 'Buy' call by MarketsMOJO, indicating a positive outlook for the company. With its efficient operations and steady growth, Just Dial is poised for continued success in the IT software industry.