Internet & software service firm Brightcom Group announced Q3FY23 results: Consolidated Q3FY23: The company reported a strong quarter, with consolidated revenues of Rs 2,865.17 crore and PAT of Rs 543.93 crore for Q3FY23. Revenues rose 42% YoY and PAT rose 46% YoY. Notably, EBITDA also rose by 43% YoY. The company's Return on Equity (ROE), on an annualized basis has nearly reached 25.16%. The focus continues to remain on improving this key metric. The company's consolidated tax rate across all geographies in this quarter was 27.10% Achieved operating cash flow of approximately Rs 92.41 crore in the last quarter. The main drivers of revenue were: Seasonality of the Advertising business, the third quarter always contributes the most. We worked both impression-based and performance-based significantly to get a larger market share this quarter. On the demand side, this quarter, the company added: 7 new Ad agencies, 13 new direct advertisers, 2 new newspaper relationships for our local news platform 'Blocal' exchange. Increasing the options to the publisher networks by offering optimum solutions between CPM, CPC, and CPA spending to maximize their revenues. The combined overseas subsidiary dividend to be received by the Parent for this quarter stands at Rs 5.02 crore. It will be received before February 28, 2023, in actual cash remittance. This marks the beginning of the monetization of Brightcom's years of efforts in building substantial overseas businesses. Most of the subsidiaries are now generating sufficient cash and are now able to pay out a portion of their profits as dividends to the Parent. Result PDF