Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 we are enclosing herewith the Business Update of the Company with the heading of "Navi ....
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Awaiting price reaction for this filing.
Bright Outdoor Media has completed installation of advertising display boards across all 11 stations of Navi Mumbai Metro Line 1 and is now accepting brand bookings. The company holds exclusive 10-year advertising rights over 85,000 sq. ft. of premium ad space covering stations, metro pillars, and viaducts from Belapur Terminal to Pendhar. The contract was awarded by CIDCO Ltd, a Maharashtra government entity. The company highlighted the upcoming Navi Mumbai International Airport as a key traffic driver. In FY25, Bright Outdoor reported total revenue of ₹128.05 Cr, EBITDA of ₹27.38 Cr, and net profit of ₹19.07 Cr (EPS ₹13.11).
This signals a new revenue stream beginning from a major government-awarded 10-year exclusive advertising contract, potentially boosting future earnings. The long-term nature of the rights and the growing commuter base around the metro corridor and upcoming airport could positively affect the stock's growth narrative.