Justdial records 45% profit surge in Q1, set to buyback 4.84% shares

Hyperlocal search engine and multiservice platform Justdial recorded a 45.5% surge in net profit, from ₹57.2 crores in Q1FY20 to ₹83.3 crores in Q1FY21. The Mumbai-based company is planning to buyback 4.84% equity shares, totaling around ₹220 crores in the coming few weeks, according to filings. Operating revenues have fallen by 32.4%, from ₹240 crores to ₹162 crores this quarter.