Pic credit: Whizsky
Just Dial Limited has launched its B2B portal, Jd Mart, across various platforms for users, the company said in a regulatory filing on Thursday.
About Just Dial
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.
About Just dial Mart
Jd Mart is an exclusive B2B portal 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.
Company’s Financial
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.
Market Valuation of JD
Market capitalisation of Just Dial rose to Rs 4,456.94 crore.
Impact on Stock Market
Share of Just Dial Limited climbed 13% in Thursday’s volatile session
Rising for the third straight day, Just Dial share opened with a gain of 4.91% at Rs 671 and later touched an intraday high of Rs 724.05, rising 13% on BSE, against its previous close of Rs 639.60.
The stock also hit an intraday low of Rs 666.90.The stock trades mere 5% away from the 52-week high of Rs 765. The stock has touched a 52-week low of Rs 250.55.
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