For the Financial Year ended March 31, 2023, Vertoz Advertsing Limited registered a Consolidated Net Revenue of ā¹ 82.81 crore, growth of staggering 99.01% over the preceding year. Consolidated Profit after Tax stood at ā¹ 11.04 crores, an increase of 80.98% over previous year. The Standalone Net Revenue for the Financial Year ended March 31, 2023 stood at ā¹ 54.17 crore, registering a growth of 163.99% over the previous Financial Year and Standalone Profit after Tax stood at ā¹ 3.67 crore.
For the Fourth Quarter ended March 31, 2023, Vertoz Adverting Limited registered a Consolidated Net Revenue of ā¹ 34.32 crore, an 243.20% increase over the same quarter in the preceding year. Consolidated Profit After Tax of ā¹ 4.10 crore, increased by 124.04% over the same period last year. While the Standalone Net Revenue for the Fourth Quarter ended March 31, 2023, of ā¹ 18.54 crore, an 225.83% increase over the same quarter in the preceding year.
Performance Highlights Q4FY23 (Consolidated)
| In Rs Crore | Q4 FY22 | Q3 FY23 | Q4 FY23 | QoQ % | YoY % |
|---|---|---|---|---|---|
| Revenue | 10.00 | 21.58 | 34.32 | 59.04% | 243.20% |
| Operating Profit | 5.22 | 10.38 | 9.63 | -7.23% | 84.48% |
| Operating Profit % | 52.20% | 48.10% | 28.06% | NA | NA |
| Profit After Tax | 1.83 | 3.20 | 4.10 | 28.13% | 124.04% |
| Profit After Tax % | 18.30% | 14.83% | 11.95% | NA | NA |
Performance Highlights FY23 (Consolidated)
| In Rs Crore | FY 2022 | FY 2023 | YoY % |
|---|---|---|---|
| Revenue | 41.61 | 82.81 | 99.01% |
| Operating Profit | 20.26 | 33.35 | 64.61% |
| Operating Profit % | 48.69% | 40.27% | NA |
| Profit After Tax | 6.10 | 11.04 | 80.98% |
| Profit After Tax % | 14.66% | 13.33% | NA |
Commenting on the results, Mr. Hirenkumar Shah, Whole-time Director of the Company stated, āThe Company has delivered the best year ever in terms of revenues and bottom-line. This year has truly been a remarkable year for us, we have initiated merger with two companies which help us grow inorganically and not to mention we also completed the branding overhaul of Vertoz.ā
Giving his views on the company, Mr. Ashish Shah, Non-Executive Director of the Company said, āWe are one of the leading companies domestically in our industry space and we bring in some of the best technologies for our clients world-wide. We remain optimistic about our growth going forward too.ā
About Vertoz:
Vertoz (NSEI: VERTOZ) Vertoz empowers organizations to thrive in today’s digital landscape with proprietary new-age technology platforms for Digital Marketing & Advertising, Digital Identity, and Cloud Infrastructure.
