Justdial shares hit their fresh 52-week low of Rs 713.10 and closed 8.50 per cent down at Rs 717.95 on Thursday after the local search engine reported a 16 per cent decline in net profit year-on-year (YOY) at Rs 27 crore for the quarter ended December due to a sharp increase in expenses.
Around 4.29 lakh shares of Justdial exchanged hands on the BSE as compared with two-week average daily volume of 0.46 lakh shares.
The promoters holding in the company stood at 32.58 per cent while public held 67.42 per cent.
Justdial’s total income from operations grew 10.95 per cent to Rs 171.3 crore in the quarter under review as against Rs 154.4 crore a year ago, it said in a BSE filing.
Its overall expenses stood at Rs 142 crore, up 28.60 per cent, compared with Rs 110.4 crore in the third quarter of the previous fiscal.