Vertoz announces soaring Q3 Results: Y-o-Y Total Revenue rises by 78.13%

Vertoz Advertising Limited (NSE: VERTOZ), has achieved strong operating results for the Quarter ended December 31, 2022, both on Standalone and Consolidated basis. 

The Board Meeting was held on February 9, 2023, to consider the Financial Results. 

Performance Highlights:

• Consolidated Revenues from operations were at ₹ 2158.17 Lakhs during the Quarter that ended December 31, 2022, as against ₹ 1224.74 Lakhs in the Quarter that ended December 31, 2021.
• Consolidated EBITDA is at ₹ 470.95 Lakhs during the Quarter that ended December 31, 2022, as against ₹ 320.02 Lakhs in the Quarter that ended December 31, 2021.
• Consolidated Profit after tax (PAT) was at ₹ 320.22 Lakhs during the Quarter that ended December 31, 2022, as against ₹ 176.20 during the Quarter that ended December 31, 2021.
• The Board of Directors of the Company at its Meeting held on 29^th December 2022, has allotted 65,85,000 Share Warrants on Preferential basis.

Key Financials (INR in Lakhs except for EPS): [On Consolidated basis]

For the Nine Months that ended December 31st, 2022, Vertoz Advertising Limited registered a Consolidated Total Revenue of ₹ 4,947.58 Lakhs, an 51.85% increase over the nine months ended December 31, 2021, in the preceding year. Consolidated Profit after Tax from continuing operations of ₹ 693.30 Lakhs, increased by 62.14% over the same period last year. 

While the Standalone Total Revenue for the nine months ended December 31, 2022, is ₹ 3613.42 Lakhs, an 136.38% increase over the preceding year’s nine Months ended December 31, 2022, and Standalone Profit after Tax from continuing operations of ₹ 306.29 Lakhs, increased by 34.21% over the same period last year.

For the Third Quarter that ended December 31, 2022, Vertoz Advertising Limited registered a Consolidated Total Revenue of ₹ 2195.10 Lakhs, an 78.13% increase over the same Quarter in the preceding year. Consolidated Profit after Tax from continuing operations of ₹ 320.22 Lakhs, increased by 81.74% over the same period last year. While the Standalone Total Revenue for the Third Quarter ended December 31, 2022, of ₹ 1541.49 Lakhs, an 151.95% increase over the same Quarter in the preceding year, and Standalone Profit after Tax from continuing operations of ₹ 141.20 Lakhs, increased by 39.71% over the same period last year.

Speaking on the occasion, Hirenkumar Shah, Whole-time Director of the Company stated: "We are thrilled to report record earnings for our company this quarter! This marks an incredible milestone for our team and is a testament to the hard work and dedication of our employees. We look forward to continuing to serve our stakeholders through delivering innovative technology and excellent customer service."

Also commenting on the results, Ashish Shah, Non-Executive Director of the Company stated: “We are incredibly proud of our Hybrid Model of Technology, Talent & Partnerships of our Digital Ecosystem has helped our customers to outperform in their return on ad spends across our various delivery models. Our Shareholders and Stakeholders should be assured that we remain dedicated to creating long-term sustainable value for them.”

About Vertoz:

Vertoz (NSE: VERTOZ) is The Digital Ecosystem that empowers the Business Digital Journey. Vertoz’s various business units help businesses with Data-Driven Marketing, Advertising & Monetization strategies while keeping the latest technology of Machine Learning (ML) and Artificial Intelligence (AI) at their core to optimize the whole process. Vertoz represents the entire fraternity of Marketing and Advertising technology through its various Strategic units.

(Above mentioned article is a Consumer Connect Initiative, This article is a paid publication and does not have journalistic/editorial involvement of IDPL, and IDPL claims no responsibility whatsoever.)