Advertising & Media company R K Swamy announced Q4FY24 & FY24 results:
- Consolidated Revenue from Operations for the year was Rs 331.5 crore, up 13.3% from year ago. Gross margins defined as Revenue from Operations less Operating expenses for the year ended March 31, 2024 was higher by 16.6% as compared to the previous Fiscal year.
- Consolidated PBT for the year ended March 31, 2024 was Rs 53.6 crore, an increase of 25.8% versus year ago.
- Consolidated PAT for the year ended March 31, 2024 was Rs 39.7 crore, higher by 27.1% as compared to the previous fiscal year.
- For the Quarter ended Mar ’24, consolidated Revenue was up 43.0% versus same period year ago to Rs 118.3 crore, and PAT increased by 27% versus same period year ago to Rs 26.2 crore.
Commenting on the results, Shekar Swamy, Group CEO, R K Swamy Limited said: “Our Company is unique in its combination of service offerings under unified management – Creative and Content, Customer Data Analytics and Martech, full-service Market Research, and Media Planning & Buying. We continue to build these as an integrated offering, at scale. Our clients are responding well as we provide them with relevant solutions with combination of disciplines.”
Rajeev Newar, Group CFO, R K Swamy Limited added: “Our industry performance is skewed towards the latter half of the year. The fourth quarter is usually the period when budgets are exhausted and tends to be the largest quarter. We are happy to report a 27% growth in PAT for the year ended March 31, 2024 as compared to the previous Fiscal year.”