Just Dial Rebounds 7% After Falling 21% Post Q2 Earnings

Sharemasterindia.com: Just Dial shares gained over seven per cent to a day high of rupee“>Rs. 1,457 on value buying after falling nearly 21 per cent, post announcement of its earnings which disappointed investors.
Net profit of the company grew 10 per cent year-on-year to Rs. 31.49 crore in September quarter compared to Rs. 28.66 crore in the corresponding quarter of last fiscal. But what disappointed the street the most was the 240 basis points decrease in its operating margin to 28.9 per cent for the quarter ended September 2014. The company said increase in staff cost has resulted in the drop in operating margin.
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