Brightcom Group Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
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Brightcom Group reported consolidated revenue of ₹5,14,667 lakhs (₹5,146 crores) for FY25, a 10.4% year-on-year growth. Consolidated Profit After Tax stood at ₹71,003.81 lakhs (₹710 crores), up 3.4% YoY, with EPS of ₹3.52 (vs ₹3.41). The Digital Marketing Segment drove the bulk of revenue at ₹4,73,312 lakhs, while the Software Development Segment contributed ₹41,355 lakhs. On a standalone basis, revenue declined from ₹46,603 lakhs to ₹41,868 lakhs and PAT fell sharply from ₹114.71 lakhs to just ₹5.44 lakhs. The auditor (PR Chandra & Co.) issued a qualified opinion on both standalone and consolidated results, citing reliance on un-audited foreign subsidiary financials, SEBI-ordered peer review of FY14-15 to FY21-22 books, and no impairment provision taken for investments in Ybrant Media Acquisition Inc (negative net worth) and Vuchi Media (cancelled deal worth ₹16,887 lakhs). An Emphasis of Matter paragraph was also added for pending income tax appeals and bank balance verification limitations.
The qualified audit opinion and unresolved SEBI matters (show-cause notice, confirmatory order, and ongoing SAT appeal) are significant red flags that may weigh on investor confidence. While headline numbers show profit and revenue growth, the underlying audit concerns and regulatory overhang could create volatility and valuation pressure on the stock.