Brightcom Group announces third quarter results

Brightcom Group (NSE: BCG | BSE: 532368), the global Internet brand, announced its unaudited financial results for the quarter ended 31st December, 2020.

Financial Highlights:

- Q3 consolidated revenue of Rs. 878.55 Crores, up 2.21 % Y-o-Y.
- Q3 consolidated EBITDA of Rs. 250.78 Crores and PAT of Rs. 138.60 Crores.
- Q3 consolidated earnings per share (EPS) of Rs. 2.73.

Revenue for Q3 FY2020-21 was Rs. 878.55 Crores, an increase of 2.21 % Y-o-Y and an increase of 37.63 % Q-o-Q. EBIDTA for Q3 FY2020-21 was Rs.250.78 Crores, a increase of 26.32 % Q-oQ and an increase of 4.24 % Y-o-Y. PAT for Q3 FY2020-21 was Rs. 138.60 Crores, an increase of 34.56 % Y-o-Y and a decrease of 3.64 % Q-O-Q.

Revenue from Digital Marketing Segment for Q3 FY2020-21 was Rs.796.13 Crores, an increase of 42.86 % Q-o-Q and an increase of 6.24 % Y-o-Y. PBT from Digital Marketing Segment for Q3 FY2020-21 was Rs.188.27 Crores, an increase of 33.17 % Q-o-Q and an increase of 8.95 % Y-o-Y. Revenue from Software development Segment for Q3 FY2020-21 was Rs.82.42 Crores.

Business Highlights:

B-local product recruited more than 60 newspapers in the US. Names such as Seattle times, Boston Globe, Las Vegas Sun, CBS Local and Time Out New York are our publishers now.

Set up a new European office in Berlin headed by Dania Sanlov.

The company was listed amongst Fortune 500 India companies ( Ranked 400).

Brightcom is IAB TCF certified Vendor now.

The company has settled with Axis Bank on the closure of the loan. Bank is working on a formal approval of the same.

Shares of Brightcom Group Ltd was last trading in BSE at Rs.7.71 as compared to the previous close of Rs. 8.11. The total number of shares traded during the day was 1090574 in over 1322 trades.

The stock hit an intraday high of Rs. 8.09 and intraday low of 7.6. The net turnover during the day was Rs. 8582305.

Source : Equity Bulls

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