Brightcom Q1 net up 4% to Rs 105.5 cr

Hyderabad City-based Brightcom Group, digital marketing company, has announced its unaudited financial results for the quarter ended June 30, 2021, the first quarter of the financial year 2021-22.

The consolidated revenue was Rs 654.05 crore registering a growth of 2.27 per cent Y-o-Y, whereas revenue from Digital Marketing Segment for the quarter in review was Rs 566.07 crore with a 7.89 per cent increase Y-o-Y.

The consolidated EBITDA was Rs 203.96 crore recording an increase of 6.40 per cent Y-o-Y. The profit after tax was Rs 105.55 crore for the quarter with an increase of 4.11% Y-o-Y and profit before tax was Rs 142.79 crore showing an increase of 3.18 per cent Y-o-Y.

The consolidated earnings per share (EPS) was Rs 2.08.

Meanwhile, some of the developments at the company include, a new head of publisher acquisition team was appointed; B-local Exchange, which is an Ad Exchange specifically centered around online news media for the US geography was launched; the company is now the new MCM partner of Google Advertising.