JUST DIAL

Flash News Investment - - RECOMMENDATIONS -

We had rec­om­mended the stock of Just Dial in vol­ume no 34, is­sue no 36 (dated 25 June, 2018) when the scrip was trad­ing at Rs. 564.8. The com­pany re­cently an­nounced its sec­ond quar­ter num­bers for FY19. Its rev­enue dur­ing the quar­ter im­proved al­most 14 per cent yoy to Rs. 221 crore, while its EBITDA surged by al­most 45 per cent yoy to Rs. 57.5 crore. The com­pany’s net profit grew by al­most 29 per cent yoy to Rs. 48.4 crore. The com­pany’s cash and in­vest­ments stood at a healthy level of Rs. 1,358.5 crore as on Septem­ber 30, 2018. The shift in clas­si­fied ad­ver­tis­ing from print me­dia to on­line along with ris­ing in­ter­net us­age are likely to drive growth for Just Dial. Con­sid­er­ing ro­bust cash sur­plus and healthy quar­terly num­bers, we urge our in­vestors to HOLD on to this scrip.

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