Transcript for Audio Recording of Earnings Conference Call pertaining to H2 FY 2024 - 25
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Awaiting price reaction for this filing.
Bright Outdoor Media, India's first listed OOH (out-of-home) advertising company, held its maiden earnings call covering FY25 results. Revenue from operations grew 18.8% YoY to ₹126 crore, EBITDA rose 15% to ₹26 crore with 20% margins, and PAT grew 18.9% to ₹19 crore at 15% margins. Key wins include a ₹60 crore, 7-year Western Railways bulk advertising contract covering 17,555 sq ft and a 10-year Navi Mumbai Metro Line 1 contract for 85,000 sq ft. The company launched 13 new LED billboards adding 12,569 sq ft and now owns 38 of Mumbai's 80-85 digital LED hoardings. Management guided for 40-45% revenue growth this fiscal, with ₹35-45 crore expected from new diversification areas (events, celebrity management, digital, cinema, PR). Board proposed a 1:2 bonus issue and ₹0.5 per share dividend.
Positive near-term outlook on the back of major contract wins and a 40-45% revenue growth guidance, though execution on new diversification lines remains to be proven. Bonus shares and dividend add modest shareholder returns. Stock could see short-term interest given strong forward guidance, but investors should watch for actual delivery on diversification revenue.