Sunday, Apr 2 2023 | Time 13:33 Hrs(IST)
image
Business EconomyPosted at: Feb 4 2023 9:31PM


Brightcom Group Q3 consolidated net profit at Rs 320.68 cr

Hyderabad, Feb 4 (UNI) Brightcom Group, the AdTech and Digital Media major, on Saturday claimed it has achieved a robust performance for the Quarter ended December 31, 2022, both on Standalone and Consolidated basis.
In a statement, the company reported a strong quarter, with consolidated revenues of Rs. 1683.07 crores and net profit of Rs. 320.68 crores for the quarter.
The consolidated revenues rose 52.48 per cent YOY and Profit After Tax (PAT) rose 51.15 per cent while the EBITDA also rose by 45.07 per cent YOY.
The company's Return on Equity (ROE), on an annualized basis has nearly reached 20.74 per cent.
The main drivers of revenue were to enhance deeper client reach across various locations and businesses, and improve market share in the US and the EU markets.
The Company has decided to implement its path breaking Hybrid Growth Model called HyGrowth Model. This is an innovative middle path growth model, lying between organic and acquisition-led growth.
The HyGrowth Model is capital -light, and will result in growth without the need for large capital injections, as would be the case in outright acquisitions.
UNI KNR
Please log in to get detailed story.
Tags: #Brightcom Group Q3 consolidated net profit at Rs 320.68 cr
More News
Piyush Goyal lauds GeM crossing Gross Merchandise Value of Rs 2 lakh cr in 2022-23

Piyush Goyal lauds GeM crossing Gross Merchandise Value of Rs 2 lakh cr in 2022-23

01 Apr 2023 | 6:19 PM

Mumbai, Apr 1 (UNI) During the financial year 2022-2023, procurement of goods and services from government portal Government e Marketplace (GeM) crossed the Rs 2 lakh crore mark, which is a remarkable achievement, said Union Commerce and Industry Minister Piyush Goyal, in Mumbai on Saturday.

see more..
GST mop-up tops Rs 1 60 lakh crore in March

GST mop-up tops Rs 1 60 lakh crore in March

01 Apr 2023 | 5:46 PM

New Delhi, Apr 1 (UNI) Driven by growing economic activities and higher compliance, India's goods and services tax (GST) collection recorded 13 per cent year-on-year jump to Rs 1.60 lakh crore in March, 2023.

see more..

01 Apr 2023 | 5:12 PM

Hosur, (Tamil Nadu), Apr 1 (UNI) Two and three-wheeler makers
TVS Motor Company registered a three per cent growth sales in
March 2023.

see more..

GST collection rises 13 pc year-on-year to Rs 1 60 lakh crore in March, 2023: Govt data

01 Apr 2023 | 4:57 PM

UNI NK.

see more..
Hyundai registers its highest ever annual total sales since inception in FY 2022-23

Hyundai registers its highest ever annual total sales since inception in FY 2022-23

01 Apr 2023 | 4:38 PM

Gurugram, Apr 1(UNI) Hyundai Motor India Ltd., has achieved its highest ever annual total sales volume (Domestic plus exports) of 720,565 units during FY 2022-23 with a YOY growth of 17.9 pc.

see more..
image