Good News For Brightcom Investers Company reports ₹229 cr net profit in Q4, Stock Become Rocket

Brightcom, a leading adtech and digital media solutions company, has recently announced its outstanding net profit of ₹229.15 crore during the fourth quarter, which ended on March 31, 2023. This impressive figure represents a significant growth compared to the ₹223 crore achieved in the same quarter of the previous year. Brightcom’s exceptional financial results further solidify its position as a prominent player in the industry

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Brightcom’s Fourth Quarter Performance

During the fourth quarter, Brightcom recorded a remarkable total income of ₹1,368.50 crore, marking a substantial increase from ₹1,239 crore in the corresponding quarter of the preceding year. This notable growth in total income signifies Brightcom’s ability to effectively capitalize on emerging opportunities in the adtech and digital media landscape.

Strong Financial Year 2022-23

Brightcom’s Net Profit

For the fiscal year 2022-23, Brightcom reported a net profit of ₹1,371 crore, surpassing the previous year’s figure of ₹912.20 crore. This substantial increase in net profit reflects Brightcom’s consistent dedication to innovation and delivering exceptional digital solutions to its clients.

Brightcom’s commitment to innovation has been a driving force behind its remarkable financial performance. By staying at the forefront of technological advancements and investing in research and development, Brightcom continues to offer cutting-edge solutions to its clients. The company’s focus on quality and customer satisfaction has earned it a strong reputation in the industry, contributing to its continued growth and success.

Remarkable Total Income

Brightcom’s total income for the financial year 2022-23 reached an impressive ₹7,390.30 crore, compared to ₹5,017.36 crore in the previous year. This substantial growth in total income highlights Brightcom’s ability to attract clients, generate revenue, and establish its presence in the highly competitive adtech and digital media market. The company’s robust marketing strategies and effective client acquisition techniques have contributed significantly to its overall financial success.

Dividend Announcement

Brightcom’s board of directors has recommended a final dividend of ₹0.10 per equity share, with a face value of ₹2. This dividend announcement exemplifies Brightcom’s commitment to rewarding its shareholders for their continued support. By sharing its success with shareholders, Brightcom aims to strengthen the relationship and encourage further investment in the company’s growth.

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Conclusion

Brightcom’s exceptional financial performance during the fourth quarter and the entire fiscal year 2022-23 showcases its expertise in the adtech and digital media industry. With a net profit of ₹229.15 crore in Q4 and a total income of ₹1,368.50 crore, the company has proven its ability to deliver outstanding results and achieve significant growth. By consistently providing innovative solutions and maintaining a strong market presence, Brightcom is set to continue its upward trajectory in the dynamic digital landscape.

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