27 Jan 2022 , 09:35 AM
EBITDA rose 126.44% yoy at Rs578cr due to better cost management and higher yields.
At around 9.30 am, Brightcom Group Ltd was trading at 5% upper circuit Rs171.90 per share up by Rs8.15 from its previous closing of Rs163.75 per share on the BSE.
The company said in a filing that overall performance was impressive owing to increased consumer usage of digital media and digital channels to conduct commerce across the world, post the pandemic. Filtering technologies across the industry have reached a steady-state, cutting down the spurious traffic, thereby contributing to higher eCPMs (effective Cost per Impression).
The company announced that in order to reward our shareholders further, it has declared an issue of Bonus Shares in the ratio 2:3, meaning for every three shares owned, two bonus shares will be issued. The move will not only improve liquidity but also unlock the value of the company.
The target Future Cashflows FCF for FY22 remains at Rs250cr, and as stated in earlier communication, is slated to reach Rs500cr by June quarter, 2022. Improving Free Cash generation is a key financial target for management.
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.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.