Local search engine Justdial on Thursday reported a 16 per cent decline in net profit at Rs 27 crore for the quarter ended December due to a sharp increase in expenses.
The company had reported a net profit of Rs 32 crore in the same quarter a year ago.
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.
The stock was trading 7.33 per cent down at Rs 727.10 in the morning trade on BSE.