India Live News Feed
Agency News

Vertoz Reports Exceptional Q2 & HY FY2024 Financial Results

November 10th, 2023Vertoz Advertising Limited (NSE: VERTOZ), a leading Technology Platform Enterprise, is pleased to announce its outstanding financial performance for the second quarter and half-year ending September 30, 2023.

In a recently concluded Board Meeting on November 9, 2023, Vertoz unveiled remarkable results for Q2 & HY FY2024. The performance demonstrates the company’s relentless commitment to delivering value to stakeholders and solidifying its position in the digital advertising industry.

Key Financial Highlights: (INR in Lakhs)

 

Particulars                        

Q2 FY2024

Q2 FY2023

Y-o-Y%

Consolidated Revenue

3,789

1,646

130%

EBITDA

684

414

65%

PAT

513

233

121%

 

Particulars                        

HY FY2024

HY FY2023

Y-o-Y%

Consolidated Revenue

7,289

2,752

165%

EBITDA

1,184

687

72%

PAT

867

373

132%

 

Commenting on the results, Hirenkumar Shah, Whole-time Director of Vertoz, stated, ” Vertoz celebrates a robust Q2 65% and HY 72% EBITDA growth, a testament to our unwavering commitment to operational excellence. Fuelled by efficient processes and cost management, we’re poised for growth while maintaining discipline. Through technology and talent, we aim to ensure sustained EBITDA growth and shareholder value, prioritizing innovation, and customer satisfaction.”

Ashish Shah, Non-Executive Director of Vertoz, added, ” Vertoz shines with an outstanding Q2 130% and HY 165% revenue surge from the previous year, demonstrating the strength of our core operations and agile market strategy. Our profitability, marked by a Q2 121% and HY 132% net profit increase, is bolstered by strategic market expansions that harness our core competencies, establishing a well-diversified revenue structure, and fortifying us against market dynamics.”

About Vertoz:

Vertoz (NSEI: VERTOZ) empowers organizations to thrive in today’s digital landscape with proprietary new-age technology platforms for Digital Marketing, Advertising, and Monetization. Vertoz platforms cater to businesses, digital marketers, advertising agencies, digital publishers, and other technology companies. Key Platforms include IngeniousPlex, IncrementX, Adzurite, and AdMozart.

For more information about Vertoz, please visit https://www.vertoz.com/.

For media inquiries, please contact:

Richa Chikara

Lead Corporate Communication

Email: richa.chikara@vertoz.com

Phone: +91 22 61426067 / +1 (646) 895 6969

Related posts

“Turning tables with the belief of Hard work pays off “ – Baazigar Meena

cradmin

Dr. Vijay Kishor Bansal Awarded 16th Doctorate Degree

cradmin

Mecard.me: Pioneering Digital Business Cards, Goes Global in a Triumph of Innovation

cradmin