Just Dial Shares Drop 2% After Q3 Results, Citi Cuts Target Price

• Just Dial shares fell by up to 2.4% on BSE, settling at Rs 720.30 after its Q3 FY25 results.
• The company's revenue from operations increased by 6% to Rs 305.69 crore, but net profit declined by 10% to Rs 117.93 crore year-on-year.
• EBITDA rose by 9.6% to Rs 95.2 crore, with the EBITDA margin improving to 31.1%.
• Citi maintained a 'Buy' rating but reduced the target price to Rs 1000, citing the need for investment in growth and declining traffic.
• JM Financial remained bullish, increasing its target price to Rs 1060 and revising revenue and EBITDA margin estimates upwards.

Why It Matters: Just Dial saw a 2% share drop post-Q3 results, with mixed analyst views on its future growth.