Justdial Ltd. posted a consolidated net profit of Rs 83.6 crore in the fourth quarter of fiscal 2023, rising 11% as compared with the previous quarter.
Since its acquisition by Reliance Retail in July 2021, Justdial has witnessed a growth in profit every year. The company ended fiscal 2023 with a net profit of Rs 162.7 crore, as against a profit of Rs 70.8 crore in FY22.
In July 2021, RIL said its retail unit, Reliance Retail Ventures Ltd., will buy 66.95% stake in Justdial through preferential share allotment, open offer and secondary purchase from promoter for Rs 5,719 crore.
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