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Just Dial Net Profit Jumps in Q3, Close to $9 million

22Jan By AdityaNo Comments

BUSINESS

Just Dial Net Profit Jumps in Q3, Close to $9 million

Local search engine Justdial Monday reported two-fold rise in standalone net profit at Rs 57.34 crore for the third quarter ended December 31, 2018. The company had posted net profit of Rs 28.60 crore in the year-ago period. In a statement, the company said its "net profit stood at Rs 57.3 crore, up 100.5 percent Y-o-Y". The company's income increased to Rs 260.86 crore in the October-December period, over Rs 199.37 crore in the same quarter a year ago. "Pursuant to the approval of directors and members of the company for buyback of equity shares of Rs 220 crore, the company has completed buy-back of 27,50,000 equity shares of face value of Rs 10 each at a price of Rs 800 per share for an amount aggregating up to Rs 220 crores from the shareholders on a proportionate basis...,"...

Just Dial Slips With The Resignation of CFO

Ramkumar Krishnamachari, chief financial officer of online local business search engine Just Dial Ltd, has resigned from the firm. Krishnamachari will be relieved from his duties with effect from 30 September 2017, Just Dial said in a stock-exchange filing. He joined Just Dial in 2010 and was instrumental in laying the groundwork for its initial public offering (IPO) in 2013. In his role as CFO, Krishnamachari led the firm’s finance, legal, taxation and secretarial functions besides being responsible for investor relations and stakeholder management. This is the second high-profile exit at Just Dial in less than a year since the departure of its chief technology officer RV Raman who stepped down in October 2016. Raman was the second CTO to leave the company in a year after his ...

Just Dial, UTI MF, IRCTC in Fortune India Next 500 List

Just Dial, UTI Asset Management Company and IRCTC are among the firms that have made it to the Fortune Next 500 list of Indian companies, which has been topped by Dynamatic Technologies. Companies featuring in the Next 500 list are mostly mid-sized and termed as the small wonders by the magazine. Dynamatic Technologies tops the list with an annual revenue of over Rs 1,693 crore followed by Nectar Lifescience (Rs 1,692 crore), Oswal Wollen Mills (Rs 1,689 crore), VRL Logistics (Rs 1,682.5 crore) and Hitachi Home & Life Solutions (Rs 1,682.18 crore). Nectar Lifescience is a new entry in the list, while other four companies have shown improvements in their respective rankings from last year. According to the magazine, together Next 500 companies have generated a revenue of Rs 5,...