Just Dial (JDL), a provider of online local search engine services, witnessed a sharp fall in share price on Thursday after the company reported results below the expectations. The operating margin for the quarter stood at 20.11 percent  as compared to 27.32 percent for the previous year period.  Operating Income for the quarter was Rs 397.20 million, compared with Rs 426 million in the previous year period.

However, the profit of the company rose 47.03% to Rs 463.00 million from Rs 314.90 million  in the same quarter last year.

Revenues for the quarter rose 26.69% to Rs 1,975.30 million, compared with Rs 1,559 million for the prior year period. Other Income for the quarter rose 3.09 times to Rs 262.6 million, compared with Rs 85.1 million for the prior year period.

Nomura said, "Just Dial reported Q2 results that were below our expectations on both revenues and margins but ahead on PAT, driven by higher other income.''

''Paid listings of Just Dial grew by a meagre 0.8% quarter-on-quarter against an estimated of 6 per cent, resulting in revenue disappointment,'' it added.

Shares of Just Dial are trading at Rs 866.85, down Rs 97.60, or 10.12% at the Bombay Stock Exchange (BSE) on Thursday at 1:34 p.m.