5 days ago
Just Dial Shares Surge 10% as New Management Targets Growth
Just Dial is a company that helps people find businesses and services.
Its shares rose by 10% after investors heard about its new management plans.
Dinkar Ayilavarapu has become the company’s CEO.
The new team wants to attract more businesses, launch products and improve sales from business customers.
It also wants to grow in areas where there is little competition.
Just Dial’s revenue and profit both increased in the latest quarter.
Many people used the platform, and the number of business listings crossed 5.61 crore.
The company also said artificial intelligence is helping it match customers with businesses and improve its work.
Just Dial shares surged 10% after reports highlighted changes under newly appointed CEO Dinkar Ayilavarapu.
The new management plans to focus more on merchant acquisition, return on investment, product launches and B2B collections.
Just Dial reported Q1FY27 revenue of Rs 327.50 crore, up 9.9% year on year and 6.6% quarter on quarter.
Operating EBITDA rose 1.1% to Rs 87.40 crore, while net profit increased 4.1% year on year to Rs 166.20 crore.
The company recorded 19.29 crore unique quarterly visitors and more than 5.61 crore business listings as of June 30.
- Who
- Just Dial and its new CEO, Dinkar Ayilavarapu, with commentary cited from Kotak.
- What
- Just Dial shares surged 10% as investors assessed the company’s new management strategy and recent quarterly results.
- Where
- The developments concern Just Dial’s business platform and operations; a specific location was not stated.
- When
- The surge occurred today; the latest reported quarter was Q1FY27, with data reported as of June 30.
- Why
- The new management plans to increase merchant acquisition, improve return on investment, launch products, expand B2B collections and target less competitive verticals.
Key facts
- Share-price move
- Just Dial shares surged 10% today.
- CEO
- Dinkar Ayilavarapu became Just Dial’s CEO.
- Q1FY27 revenue
- Rs 327.50 crore, up 9.9% year on year and 6.6% quarter on quarter.
- Q1FY27 operating EBITDA
- Rs 87.40 crore, up 1.1%.
- Q1FY27 net profit
- Rs 166.20 crore, up 4.1% year on year.
- Platform engagement
- 19.29 crore unique quarterly visitors.
- Business listings
- More than 5.61 crore listings as of June 30.
- Technology
- Just Dial said AI is being used for lead qualification, sales workflows, cataloguing, listing verification and customer support.
Quotes
Just Dial
The company, speaking in its earnings press release about artificial intelligence initiatives
“Our AI voice agents are helping us understand user intent and qualify leads with far greater precision, resulting in stronger buyer-seller matches.”
businesstoday.in
Sources
Related news
Just Dial Shares Hit Upper Circuit, Ending Five-Day Losing Streak
One Point One Solutions Net Jumps 73% on Better Demand
Paytm's Turnaround: Record Profit Marks Recovery from Regulatory Shock
India Telecom Premiumisation Raises User Payments Without Tariff Hikes
UPI MDR return could boost Paytm, Pine Labs earnings
Cakes, Flowers and Pets Expand Raksha Bandhan’s Festive Basket
JM Financial Recommends Buy for Four Indian Stocks
Indore Job Fair 'Yuva Sangam' to Fill Over 500 Positions
