Wednesday, May 22 2024 | Time 12:55 Hrs(IST)
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Business Economy


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
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