Just Dial shares surged over 12% in today’s intraday trade to Rs. 636.50 after the company reported its Q1 FY27 results, with revenue growth accelerating and cash plus investments rising to over Rs. 6,022 crore. The stock gained Rs. 71.90 from its previous close of Rs. 564.60 and touched an intraday high of Rs. 648, as investors reacted to the company’s strongest sequential revenue growth in a decade, excluding the post-COVID recovery period.

Trigger

• Just Dial shares rose 12.73% in intraday trade.
• The stock was trading at Rs. 636.50, up Rs. 71.90 from its previous close.
• The stock touched an intraday high of Rs. 648.
• Q1 FY27 operating revenue stood at Rs. 327.5 crore, up 9.9% YoY and 6.6% QoQ.
• Operating EBITDA stood at Rs. 87.4 crore, up 1.1% YoY.
• EBITDA margin remained healthy at 26.7%, though it declined 233 bps YoY.
• Operating PBT rose 4.9% YoY to Rs. 75.1 crore.
• Net profit stood at Rs. 166.2 crore, up 4.1% YoY and 66.2% QoQ.
• Other income rose sharply QoQ to Rs. 131.5 crore due to MTM gains on treasury portfolio after a decline in yields.
• Cash and investments stood at Rs. 6,022.1 crore as of June 30, 2026.
• Total traffic stood at 192.9 million users, down 0.2% YoY but up 5.8% QoQ.
• Active paid campaigns rose 3.5% YoY to 6,39,200.
• Total active listings increased 13% YoY to 56.1 million.
• Total app downloads rose 8.2% YoY to 44.1 million.

The biggest reason for the rally is the sharp sequential acceleration in revenue. Management said the 6.6% QoQ growth was the fastest sequential growth in a decade outside the post-COVID recovery period. The second and more powerful market insight is the cash position. Just Dial reported cash and investments of Rs. 6,022 crore, while its market capitalisation is around Rs. 5,413 crore. This means the company’s cash and investments are higher than its current market value.

The quality of the quarter is mixed, but the market is focusing on the direction of change. Revenue has accelerated, paid campaigns are growing, listings are expanding and app downloads are improving. At the same time, traffic is almost flat YoY and EBITDA margin has contracted. So the rally is not because every metric is perfect, but because the business is showing signs of revival while the balance sheet remains exceptionally strong.