IT Consulting & Software company Brightcom Group declares Q3FY22 result: The company reported its best quarter this year, with the consolidated revenues rising 130.08 % YoY at Rs 2021 crore, and the PAT rising 167.99 % at Rs 371 crore YoY. EBITDA rose 126.44% at Rs 578 crore due to better cost management and higher yields. A 2:3 Bonus shares has been declared to reward its shareholders. The company's Return on Equity(ROE), on an annualized basis, has improved to 21.74 %approximately. Value additions during the quarter: 43 new publishers; 12 new Ad agencies; 10 new direct advertisers; and 14 new newspaper relationships for local news platform ‘Blocal’ exchange. The network traffic touched 90 Billion impressions by quarter end. Result PDF
Highlights: The company reported a strong quarter, with consolidated revenues rising 73% YoY and PAT rising 106% YoY. The company's Return on Equity(ROE), on an annualized basis, has reached 16.45% approximately. We are focused on improving this key ratio substantially. The company's consolidated tax rate across all geographies in this quarter was 27.06%. The Revenues of Brightcom saw a surge by 73% at Rs 1103.86 crore in Q2FY22 as against Rs 639.66 crore in Q2 last year, owing to increased consumer usage of digital media and digital channels to conduct commerce across the world, post the pandemic. Higher online sales led to much better eCPMs ( effective Cost per Impression) for digital marketers. The PAT for the quarter more than doubled to Rs 212.15 crores from Rs 103 crores in Q2 last year. Filtering technologies across the industry have reached a steady-state, cutting down the spurious traffic. This has contributed to the improvement of eCPMs as well. On the demand side, Brightcom has direct relationships with over 200 Ad Agencies across the world. The Company’s network size has increased to more than 60 billion impressions a month. Result PDF