Just Dial launches B2B online platform Jd Mart, stock rallies 19%
The company reported a 2 percent QoQ growth in its operating revenue in the December quarter, while its other income rose 13 percent in the same period. Its revenue from operations rose to Rs 1,695 crore as against Rs 1,675 crore in the previous quarter.
Shares of Just Dial rose 19 percent in trading on Thursday after the company announced the launch of its B2B platform Jd Mart for a new wholesale experience.
“B2B buyers can discover quality vendors offering a wide selection of products to choose from, spread across various categories to suit all their B2B needs,” the company said in an exchange release.
The stock was trading 19.14 percent high at Rs 762 apiece at 14:29, after hitting day’s high of Rs 765 on BSE. The stock hit its 52-week high on January 11, 2021, at Rs 765.
Just Dial is a local search engine for different services in India over mobile apps and websites. It is visited by 132.6 million unique quarterly visitors. The site also provides features of voice search, news/live tv, radio, movies, payment options, cab and hotel booking services among others.
The company reported a 2 percent QoQ growth in its operating revenue in the December quarter, while its other income rose 13 percent in the same period. Its revenue from operations rose to Rs 1,695 crore as against Rs 1,675 crore in the previous quarter. Its EBITDA margin dropped was 28.4 percent in Q3 versus 32.6 percent in the previous quarter.
First Published: Feb 25, 2021 3:35 PM IST
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