We had recommended the stock of Just Dial in volume no 34, issue no 39 (dated 26 July, 2018) when the scrip was trading at Rs. 72.85 . In the second quarter of FY2018-19, the company reported stellar PAT growth of 35 per cent yoy to Rs. 93 crore. But the company’s net sales grew by nearly 9 per cent yoy to Rs. 955 crore. Its EBITDA for the quarter increased by almost 21 per cent yoy to Rs. 133 crore. The weak rupee against the US dollar is expected to drive FSL’s profitability going forward. The management expects second half of FY19 to be better than the first half of FY19 on account of ramp up of deal wins, improving growth in top clients and higher traction in the BFSI segment. Thus, we urge our investors to continue to HOLD the scrip.