Now Reading: Just Dial shares slide 6% as Q2 net profit drops 10%
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Just Dial shares slide 6% as Q2 net profit drops 10%
The Story in Brief
Just Dial shares fell over 6 per cent on Wednesday, 21 October 2026, after the company reported a 9.73 per cent year-on-year decline in consolidated net profit to Rs 107.8 crore for the July-September quarter (Q2FY27). Business Standard reported that the stock opened nearly 3 per cent lower at Rs 708.05 and hit an intraday low of Rs 688.06, with about 1.5 million shares traded.
Revenue from operations rose 13.11 per cent to Rs 342.82 crore, driven by a 7.5 per cent increase in revenue per paid campaign and a 5.2 per cent rise in paid campaigns. Operating EBITDA grew 4.1 per cent to Rs 90.7 crore, but EBITDA margin contracted 228 basis points to 26.4 per cent. CNBC-TV18 and The Hans India also reported the results, with The Hans India noting a sequential net profit decline of over 35 per cent from Rs 166.2 crore in the June quarter.
ICICI Securities maintained a 'Buy' rating with a target price of Rs 850, viewing AI and B2B investments as supportive of long-term growth. The brokerage flagged the lack of clarity on cash distribution and slowing paid campaign growth as downside risks.
Indian Opinion Analysis
All three outlets delivered neutral, wire-style coverage of Just Dial's Q2 results, differing only in their lead. Business Standard led with the stock price fall and brokerage target, CNBC-TV18 led with revenue growth, and The Hans India emphasised the steep sequential profit decline. Together they present a complete picture: revenue rising, profit falling both year-on-year and quarter-on-quarter, and margins contracting. The coverage is uniform straight reporting, no outlet favoured or criticised the company or the government. ICICI Securities' 'Buy' rating and target price of Rs 850, and the technical support-resistance zone of Rs 640 to 800 noted by SBI Securities, are the concrete forward-looking items from the sources.
Coverage: 3 sources, 3 neutral
Sources (3): business-standard.com (neutral report), cnbctv18.com (neutral report), thehansindia.com (neutral report)
This brief was synthesised by AI from the 3 sources linked above, so one read covers every framing they carry. Methodology and corrections.
