Brightcom Group stock hits lower circuit after 'strong' Q1 results
Brightcom Group shares were trading at Rs 24.14, down 5 per cent on the BSE. Brightcom Group, the AdTech major, said it has put forward strong first-quarter results for the quarter ended June 30.
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Brightcom Group stock was locked in at the lower circuit on Monday even after what the company claimed were strong first-quarter results.
Brightcom Group shares were trading at Rs 24.14, down 5 per cent on the BSE. Brightcom Group, the AdTech major, said it has put forward strong first-quarter results for the quarter ended June 30.
The company reported a strong quarter ended June 30, 2023, with consolidated revenues of Rs1,690.32 crore and PAT of Rs 321.47 crore for Q1 FY23-24. Consolidated revenues for Q1 rose by 14.16 per cent Y-o-Y and PAT for Q1 rose by 15.96 per cent YoY.
Notably, EBITDA for Q1 also rose by 14.49 per cent Y-o-Y. The EPS is 1.59 for Q1 2023-24 compared to1.37 in Q1 2022-23, about 16 per cent increase. The company's Return on Equity (ROE), calculated on an annualised basis, is approximately around 17.6 per cent.
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