Justdial profits fall, Completes equity buyback worth $29 Mn
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Mumbai-headquartered hyperlocal search engine Justdial has recorded an INR 47.3 Cr net profit ($ 7.11 Mn) in the second fiscal quarter ending September 30, 2021. This is a 43.2% drop in profits compared to the INR 83.3 Cr which is $11 Mn profit recorded in Q1 FY21. In Q2 FY 2021, the company’s profit margins have decreased to 28.26% year-on-year and 51.3% quarter-on-quarter.