Signpost India’s net profit in FY 24 up y-o-y by 16%

31 May 2024 , 10:44 AM

Signpost’s consolidated Total Income for FY24 was ₹396 Crore, a 16% rise over the previous year. Profit after tax increased by 25% to ₹44 Crore from ₹35 Crore in the previous year, resulting in an 11.1% profit margin. The Company declared a 25% dividend (₹0.50 per share) for the year ended March 31st, 2024.

Signpost India Limited now ranks among the top 1000 firms by market capitalization for the fiscal year ending March 31, 2024.

Signpost earned roughly 79% of its revenue from non-traditional media assets such as digital media, transit media, and street furniture. Notably, the proportion of transit media (buses, metro/trains, airports) and street furniture (bus shelters, skywalks, public libraries, and other public convenience spaces) climbed by 10%, to 56%, compared to last year. The reliance on traditional media (billboards) fell from 9% to 21% during the year.

Signpost purchased a multi-story commercial property near Mumbai International Airport in March 2024 and carefully designated it as the company’s headquarters.

Speaking on the outstanding results, Shripad Ashtekar, Managing Director, stated, “This has been a joyful year for Signpost, highlighted by the successful merger with Pressman Advertising. The company’s EBITDA increased by 22% compared to the previous fiscal year, and this trend is expected to continue. Our strategic business design, which focuses on Transit and Digital Media in the OOH arena, is driving this growth.”

Signpost India Limited, India’s foremost media technology company, is an independent ISO-certified media organisation. It has extensive expertise in delivering large-scale public-oriented projects, such as street furniture, transit, public bicycle sharing, and internet traffic monitoring systems, for over 32 government agencies around the country.

At around 10.34 AM, Signpost India is trading 0.33% higher at ₹289.75, against the previous close of ₹288.80 on NSE. The counter touched an intraday high and low of ₹295.80, and ₹287.35, respectively.

For feedback and suggestions, write to us at [e-mail]

For opening a demat account click on: https://www.indiainfoline.com/

For doing stock trading & investments, go to: https://ttweb.indiainfoline.com/trade/Login.aspx

For loans, go to: https://www.iifl.com/