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.

Brightcom Group stock hits lower circuit after 'strong' Q1 results
The company's Return on Equity (ROE), calculated on an annualised basis, is approximately around 17.6 per cent, image- Pexels

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.

Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com. 

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

RECOMMENDED STORIES

https://www.zeebiz.com/markets/stocks/photo-gallery-largecap-midcap-shares-to-buy-for-long-term-sharekhan-stock-picks-nifty-sensex-335587

Sharekhan suggests buying 5 largecap, midcap stocks; ICICI Bank, Godrej Consumer on the list

https://www.zeebiz.com/markets/ipo/news-after-bumper-2024-rs-2-lakh-crore-worth-ipos-expected-in-2025-primary-market-nsdl-avanse-financial-ecom-express-sebi-approval-335584

after bumper 2024 rs 2 lakh crore worth ipos expected in 2025 primary market nsdl avanse financial ecom express sebi approval

https://www.zeebiz.com/personal-finance/photo-gallery-power-of-compounding-sip-mutual-fund-calculator-how-can-you-create-inr-rs-50000000-60000000-70000000-retirement-corpuses-on-monthly-salary-income-of-20000-step-up-capital-gain-return-335490

Power of Compounding: How can you create Rs 5 crore, 6 crore, 7 crore corpuses if your monthly salary is Rs 20,000?

https://www.zeebiz.com/personal-finance/photo-gallery-power-of-inr-rs-3000-sip-compounding-growth-return-mutual-fund-calculator-in-how-many-years-inr-rs-3000-monthly-investment-can-generate-20000000-30000000-retirement-planning-corpuses-335652

Power of Rs 3,000 SIP: In how many years, Rs 3,000 monthly investment can generate corpuses of Rs 2 crore and Rs 3 crore? Know here

https://www.zeebiz.com/personal-finance/photo-gallery-sbi-senior-citizen-fd-interest-rates-maturity-return-calculator-what-senior-citizens-will-get-on-investments-of-inr-rs-555555-777777-999999-in-amrit-vrishti-1-3-5-year-guaranteed-return-schemes-335635

Latest SBI Senior Citizen FD Rates: How much senior citizens can get on investments of Rs 5,55,555, Rs 7,77,777, and Rs 9,99,999 in Amrit Vrishti, 1-, 3-, and 5-year FDs

https://www.zeebiz.com/personal-finance/photo-gallery-top-7-etfs-with-highest-best-cagr-returns-in-1-year-calculator-no-1-mutual-fund-has-turned-inr-rs-878787-investment-into-1395091-nifty-bse-nyse-fang-mirae-motilal-icici-axis-nav-aum-share-market-335545

Top 7 ETFs With Highest Returns in 1 Year: No. 1 ETF has turned Rs 8,78,787 investment into Rs 13,95,091; know how others have fared

https://www.zeebiz.com/personal-finance/photo-gallery-retirement-planning-rs-1000-monthly-sip-for-40-years-vs-rs-10000-monthly-sip-for-20-years-which-can-give-you-higher-corpus-in-long-term-know-compound-interest-benefits-in-mutual-fund-return-calculator-335390

Rs 1,000 Monthly SIP for 40 Years vs Rs 10,000 Monthly SIP for 20 Years: Which can give you higher corpus in long term? Calculations inside

https://www.zeebiz.com/personal-finance/news-top-flexi-mutual-funds-in-5-years-compare-sip-lump-sum-returns-quant-flexi-parag-parikh-jm-flexicap-hdfc-franklin-india-335324

Power of Compounding: Rs 5 lakh lump sum investment in 3 flexi schemes has grown to at least Rs 15.5 lakh in 5 years; see list

Written By: IANS
Updated: Mon, Aug 21, 2023
01:13 PM IST
Mumbai, IANS
RELATED NEWS
Brightcom Group slides nearly 7% after Sebi continues ban on promoter Suresh Reddy Brightcom Group slides nearly 7% after Sebi continues ban on promoter Suresh Reddy
Top 25 stocks in NSE 500 which gained over 20% in August Top 25 stocks in NSE 500 which gained over 20% in August
Brightcom Group shares hit lower circuit for four consecutive sessions; here's why Brightcom Group shares hit lower circuit for four consecutive sessions; here's why
Brightcom Group shares extend losses for third straight day, hit 5% lower circuit after SEBI crackdown Brightcom Group shares extend losses for third straight day, hit 5% lower circuit after SEBI crackdown

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x