Just Dial Q1 net profit up 4%; CEO transition begins, new CFO named
JUSTDIAL · price
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Just Dial posted Q1 FY27 net profit of Rs 166.2 crore, up 4% YoY from Rs 159.7 crore, on net revenue of Rs 327.5 crore versus Rs 297.9 crore YoY. The board approved appointment of Dinkar Ayilavarapu (ex-Flipkart Wholesale and Bain) as CEO designate from July 10, taking over as CEO from August 1. Current MD and CEO V.S.S. Mani's term ends July 31. Non-Executive Director Dinesh Taluja resigned as director and was appointed CFO effective July 11. Taluja currently serves as CFO of Reliance Retail.
Smooth planned leadership transition with a strong external CEO hire. New CFO from Reliance Retail adds financial leadership depth. Q1 earnings growth modest.