Key Financial Results (₹ Crore)

H1 FY27 Performance:

  • Total Income: ₹71.85 crore (13.49% YoY growth from H1 FY26's ₹63.31 crore)
  • EBITDA: ₹15.96 crore (6.57% YoY growth from H1 FY26's ₹14.98 crore)
  • Net Profit: ₹11.03 crore (9.45% YoY growth from H1 FY26's ₹10.08 crore)

Longer-term Comparison:

  • Total Income showed 24.65% growth compared to H1 FY25 (₹57.64 crore)
  • EBITDA showed 21.27% growth compared to H1 FY25 (₹13.16 crore)
  • Net Profit showed 20.64% growth compared to H1 FY25 (₹9.14 crore)

Management Commentary

Dr. Yogesh Lakhani, CMD, commented on H1 FY27 performance:

  • Growth supported by new sites and steady bookings across digital LED network
  • Events and Bright 360° division also contributed to growth
  • H1 is seasonally softer due to monsoon, with larger festive season share expected in H2
  • Expanding beyond Mumbai Metropolitan Region with direct presence in Delhi
  • Office planned in Ahmedabad
  • Expanding film business beyond Hindi cinema into South Indian and Gujarati markets
  • Bright 360° enables integrated services across OOH/DOOH, cinema, events, digital, influencer marketing, PR and other media formats

Operational Highlights

Strategic Network Expansion:

  • Launched 6 new displays, adding 6,600 sq. ft. of premium advertising inventory
  • Locations cover Mira-Bhayandar corridor, Ahmedabad, Surat, Vadodara, Virar, Vasai, Thane and Ghodbunder Road corridor

Joint Venture Expansion:

  • Added 20 new sites through JV partners
  • Features Digital LED Hoardings with 104 advertising slots
  • Collectively offers over 50,000 sq. ft. of premium advertising space across Mumbai Metropolitan Region

Geographic Expansion:

  • Established direct presence in Delhi
  • Office planned in Ahmedabad
  • Expanding strategic site network across Tier-2 cities

Film Industry Reach:

  • Expanded beyond Hindi cinema into Gujarati and South Indian film industries
  • Major Gujarati film industry event held on October 5, 2026

Bright 360°, Events & Facility Branding:

  • Expanded integrated offerings across multiple media formats
  • Curated 9 large-scale events to date
  • In-house production company under development
  • Expanded real estate project branding and third-party event production

Technology Initiatives:

  • Working with technology partners to track traffic and engagement for campaign performance data
  • Developing in-house software platform
  • Introducing 3D and interactive hoarding formats

Corporate Actions

Main Board Migration:

  • Board approved BSE Main Board migration and NSE listing on June 12, 2026
  • Subject to regulatory approvals
  • Company completed three years on BSE SME platform (listed March 24, 2023)

Shareholder Returns:

  • Approved final dividend of ₹0.50 per share (5%) for FY26 at the 21st AGM
  • Received recognition at SME Governance Summit 2026 held on August 26, 2026

Company Background

  • Founded in 1980, headquartered in Andheri, Mumbai
  • 45 years of expertise in Out-Of-Home advertising
  • Operates network of more than 1,350 owned hoardings
  • Approximately 58 large-format digital LED billboards
  • As of August 2026: more than 490 hoardings, ownership of 50+ of Mumbai's 120+ digital LED billboards
  • Trades hoardings acquired from government, semi-government & private entities
  • First in world to install solar panels on hoardings, supplying electricity to Indian Railways through JV partner
  • First outdoor media company in India listed on stock exchange

Historical Financial Context

FY26 Full Year Results:

  • Total Revenue: ₹155.43 crore
  • EBITDA: ₹35.23 crore
  • Net Profit: ₹24.05 crore
  • EPS: ₹12.26

H1 FY27 Results:

  • Total Revenue: ₹71.85 crore
  • EBITDA: ₹15.96 crore
  • Net Profit: ₹11.03 crore

Forward-Looking Statements

Document contains disclaimer noting that certain statements are forward-looking and subject to risks including government actions, economic developments, technological risks, and other factors that could cause actual results to differ materially.