Brightcom Group Limited has informed the Exchange regarding Board meeting held on May 30, 2025.
BCG · price
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Brightcom Group's board approved audited consolidated and standalone financial results for the quarter and year ended March 31, 2025. Consolidated revenue grew 10.4% YoY to Rs. 5,146 crores, while consolidated profit after tax (PAT) rose a modest 3.4% to Rs. 710 crores, translating to an EPS of Rs. 3.52. However, the standalone business weakened significantly, with total income falling from Rs. 470 crores to Rs. 419 crores and standalone PAT dropping sharply from Rs. 1.15 crores to just Rs. 5.44 lakhs, alongside negative operating cash flow of Rs. 3.43 crores. The auditor (PR Chandra & Co.) issued a qualified opinion on both sets of results, flagging issues including ongoing SEBI show-cause notices and interim orders, no impairment provision for the Rs. 168.87 crores investment in Vuchi Media (deal cancelled), unprovided impairment in subsidiary Ybrant Media Acquisition Inc, and reliance on unaudited foreign subsidiary and USA branch financials.
Headline consolidated growth masks serious governance and audit concerns. Shareholders should weigh the qualified audit opinion, pending SEBI legal proceedings, and the unresolved Rs. 168.87 crore Vuchi Media exposure as material risks that could pressure the stock and future earnings, even as the consolidated top line shows steady growth.