FY19: Vertoz Advertising sees 25.49% YoY revenue growth to Rs 46.23 crore
The consolidated Profit After Tax (PAT) was at Rs 7.34 crore in FY19 as against Rs 5.74 crore in FY18
Ad-Tech company Vertoz Advertising Ltd. has released their financial results for FY 2018-2019. The company has witnessed a year-on-year growth rate above 20% in both Revenues and EPS in tandem with the substantial growth in the digital advertising industry of India.
The consolidated revenues from operations were at Rs 46.23 crore in FY19, as against Rs 36.84 crore in FY18; which is an increase of 25.49% on YoY basis.
Consolidated EBIDTA is at Rs 11.05 crore in FY19 as against Rs 8.61 crore in FY18; which is an increase of 28.34% on YoY basis. The consolidated Profit after tax (PAT) was at Rs 7.34 crore in FY19 as against Rs 5.74 crore in FY18; an increase of 27.87% on YoY basis.
Commenting on the results, Hiren Shah, Chairman & Whole-time Director, Vertoz said, “The strong revenue and profitability growth rates are a testament to our dedication towards our clients’ requirements. With the launch of the native advertising platform to provide holistic solutions for digital advertising, we hope to increase our market share this coming year and witness a surge in our clientele. With the increased internet adoption in the rural population of India, we expect programmatic advertising to be the go-to digital advertising solutions for leading brands across the country. We see great potential for growth owing to these favourable sentiments in the market,” he added.
Ashish Shah, CEO & Whole-time Director, Vertoz said, “This consistent and strong performance of Vertoz this financial year showcases our stature in the digital advertising industry. Programmatic industry being at a nascent stage, is growing rapidly. Vertoz, being one of the leading companies that specialises in this form of advertising, is in a beneficial position to reap the fruits of this growth. With notable clients like Ola Cabs and Mondelez India associating with us, Vertoz’s brand value in the market has increased and led to a strong recognition among distinguished brands in the country.”
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