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Ambani stock falls 6% after it reports 14.7% QoQ decline in net profits

News by Aliceblue News Desk

13 Jan 2025

Ambani stock falls 6% after it reports 14.7% QoQ decline in net profits

Introduction:

Leading Ambani stock reported a 42.7% YoY growth in Q3 FY25 net profit, reaching INR 131.30 Cr. However, profit declined 14.7% sequentially from the previous quarter, attributed to seasonal trends impacting performance.

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Share price movement of Justdial:

On January 13, 2025, Just Dial Ltd. opened at ₹1,043.70, up 0.88% from its previous close of ₹1,034.60. The stock hit a high of ₹1,043.70 and a low of ₹942.05. By 9:51 AM, it traded at ₹954.70, down 7.72%, with a market cap of ₹8,118.80 crore.

Justdial Posts 14.7% QoQ Profit Decline in Q3 FY25:

Justdial reported a steady performance in Q3 FY25, with total revenue of ₹287.33 crore, reflecting an 8.4% YoY growth and a slight 0.88% QoQ increase. The company’s operating income rose 6.06% QoQ, highlighting its efficient cost management.

Despite strong operational growth, Justdial’s net profits for Q3 FY25 was ₹131.31 crore, marking a 14.7% sequential decline from Q2 FY25. However, the figure showed a robust 42.7% YoY increase from ₹92.01 crore in Q3 FY24, driven by improved profitability.

The company reported a diluted normalized earnings per share (EPS) of ₹15.44 for Q3 FY25, down 14.79% QoQ but up 42.7% YoY. Justdial’s solid financial position continues with effective cost control measures despite fluctuations in quarterly performance.

Stock performance of Justdial for Period of 1 week, 6 months and 1 year:

Just Dial Ltd. delivered a 1.11% return over the past week and an impressive 18.6% gain over the past year. However, its six-month performance remained flat, reflecting mixed momentum in the stock’s overall trajectory.

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Shareholding pattern of Justdial:

All values in %Sep 2024Jun 2024Mar 2024
Promoter74.20%74.20%74.30%
FII7.80%7.00%5.30%
DII8.40%8.90%8.20%
Public9.70%10.00%12.20%
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About Justdial:

Justdial Ltd. (NSE: JUSTDIAL) is India’s leading local search engine, offering multi-platform services via app, website, voice, and text. With 12,000 employees, it operates across 250+ cities, deriving 70% revenue from top 11 cities.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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