Just Dial Q2 profit up 26.5 pc at Rs 37.5 cr

Local search engine Just Dial today reported about 26.5 per cent rise in standalone net profit at Rs 37.5 crore for the September quarter.
The company had reported a net profit of Rs 29.6 crore in the corresponding quarter a year ago, Just Dial said in a BSE filing.
Its revenue from operations during the quarter under review stood at Rs 194.4 crore as against Rs 180.3 crore in the year-ago period, up 7.9 per cent, it added.
The company's cash and investments stood at Rs 1,045.3 crore as on September 30, 2017 compared to Rs 1,086.2 crore as on June 30, 2017.

Pursuant to open market buyback approved on July 24, 2017, the company has bought back 22,41,000 equity shares at an average price of Rs 374.18 per equity share aggregating to Rs 83.85 crore, Just Dial said.
It had 10,892 employees at the end of September, 2017 quarter.