Just Dial shares jump 14%, the most in two years; Here are three key reasons behind the move

Shares of Just Dial Ltd. gained as much as 14% on Monday, July 13, in response to its June quarter results, that were reported after market hours on Friday. There have also been management changes at the top.

This is the biggest single-day gain for Just Dial in two years. Back on July 18, 2024, the stock had risen 20% in a single session.

For the June quarter, Just Dial's revenue growth stood at 9.9%

from last year to ₹327.5 crore. On a sequential basis, the revenue growth figure stood at 6.6%. It is for the first time in eight quarters that Just Dial's year-on-year revenue growth is near double-digits.

EBITDA margin for the quarter narrowed by 230 basis points to 26.7% from 28.9% last year and 220 basis points sequentially as well. Higher employee costs and other expenses turned out to be a drag on the margins.

The company's profit after tax (PAT) increased to ₹166.3 crore from ₹100 crore in the prior quarter.

Management Changes

VSS Mani, Just Dial's founder, MD and CEO of for 33 years, will be stepping down from his executive roles, with effect from July 31, 2026.

He is replaced by Dinkar Ayilavarapu, who has been appointed CEO-designate effective July 10 and CEO from August 1, 2026.

Meanwhile, Dinesh Taluja has replaced the current CFO, with effect from July 11.

The company's total active listings increased by 13% from last year to 56.1 million. It reported unique visits of 192.9 million, which was little changed from the previous year and up 5.8% sequentially.

Its deferred revenue came in at ₹540 crore during the June quarter. Its cash on the book at the end of the quarter stood at ₹6,022 crore, which is higher than its current market capitalisation of ₹5,400 crore.

Shares of Just Dial are trading 13.7% higher on Monday after the earnings announcement at ₹641.3. The stock is up 20% over the last one month and has thereby managed to trim its year-to-date losses down to 13%.

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