Brightcom Group Limited (BCG)
₹9.10 +0.89% last close, 16 Oct
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Brightcom Group's revenue was ₹1,752 Cr (+20.4% year on year, +9.7% on the previous quarter), and net profit ₹262 Cr (+24.0% year on year); the operating margin was 26.8%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1,752 | +20.4% | +9.7% |
| Operating profit | ₹469 | +23.5% | +11.0% |
| Net profit | ₹262 | +24.0% | +25.8% |
| EPS (₹) | 1.30 | +25.0% | +26.2% |
| Operating margin | 26.8% | — | — |
BCG delivery percentage
NSE end-of-day data for
On Fri, 16 Oct 2026, 39.73% of the BCG shares traded on NSE were taken to delivery, against the stock's own 20-session average of 48.48%. That is close to its usual level. Volume was 0.4 times its average, well below normal.
Delivery in the last 5 sessions: 59.2% · 61.9% · 29.0% · 49.9% · 39.7%
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Brightcom Group Limited has announced the appointment of Mr. Nagendra N Naidu as Company Secretary and Compliance Officer (Key Managerial Personnel), effective October 14, 2026. He succeeds Ms. Shweta Singh, whose tenure ceased following a decision by the Board of Directors on the same date. Mr. Naidu is an FCS member (admitted August 11, 2003) with an extensive background in statutory compliance and corporate legal matters across several companies. This administrative change has no direct impact on the company's financial operations or TTM revenue of ₹7,225 crore.
- Appointment of Mr. Nagendra N Naidu as CS and Compliance Officer effective October 14, 2026
- Cessation of Ms. Shweta Singh from the CS & Compliance Officer role on October 14, 2026
- Mr. Naidu has been a Fellow Member of ICSI (FCS 4514) since August 11, 2003
- Change executed under Regulation 30 of SEBI (LODR) Regulations, 2015
Brightcom Group Limited disclosed the scrutinizer's report and voting results for its 27th AGM held on October 3, 2026. All six ordinary and special resolutions were passed with over 93% majority, including the adoption of FY2025-26 audited financials with 93.84% approval. Other approved items included the appointment of statutory auditors, the re-appointment of Director Raghunath Allamsetty, and ratifying previous equity share issuances. Shareholders also voted (97.96% in favor) to discontinue CS Saurabh Poddar and appoint CS P. Sarada as Secretarial Auditor.
- All 6 resolutions passed with between 93.22% and 97.96% votes in favor
- Adoption of FY2025-26 standalone and consolidated financial statements passed with 93.84% votes in favor (4,34,88,573 votes)
- Discontinuation of CS Saurabh Poddar as Secretarial Auditor passed with 97.96% approval (4,54,81,214 votes in favor)
- Appointment of CS P. Sarada as Secretarial Auditor passed with 93.72% approval (4,35,12,684 votes in favor)
- Ratification and amendment of earlier resolutions for issue of equity shares passed with 93.22% votes in favor
FTSE Russell has confirmed the re-inclusion of Brightcom Group Limited in the FTSE Global Equity Index Series (FTSE GEIS) Micro Cap Index, including the FTSE Asia Pacific ex Japan ex China Micro Cap Index. The changes take effect from September 21, 2026. The company had previously been removed from FTSE indices following a trading suspension starting June 14, 2024, which was subsequently revoked on July 14, 2025. The re-entry reflects restored compliance status and provides renewed visibility to international institutional investors.
- Re-included in FTSE Global Equity Index Series (Micro Cap Index) under security identifier B88SZ73
- Index inclusion becomes effective from September 21, 2026, following review finalization on September 7, 2026
- Trading suspension initiated on June 14, 2024 was revoked on July 14, 2025, enabling regulatory compliance normalization
- Includes entry into the FTSE Asia Pacific ex Japan ex China Micro Cap Index
Brightcom Group Limited announced the outcome of its Board meeting held on September 4, 2026. The Board approved convening the Annual General Meeting (AGM) for FY 2025-26 on Tuesday, September 29, 2026. Key management personnel, including CMD Suresh Reddy and ED Raghunath Allamsetty, were authorized to oversee AGM formalities and manage ongoing business, legal, and regulatory filings.
- AGM scheduled to be convened on Tuesday, September 29, 2026, for FY 2025-26
- Board meeting held on Friday, September 4, 2026, from 6:00 P.M. to 7:00 P.M.
- CMD Suresh Reddy and Executive Director Raghunath Allamsetty authorized for AGM-related procedures
- Management authorized to proceed with submissions regarding ongoing legal and regulatory matters
Brightcom Group Limited issued a clarification regarding its scheduled shareholder conference call on September 4, 2026. The company noted that due to an inadvertent discrepancy, the call timing was previously stated as 4:00 p.m. in certain communications. The confirmed and updated timing for the call is 4:30 p.m. IST on September 4, 2026.
- Conference call date confirmed for Friday, September 4, 2026
- Correct call timing clarified as 4:30 p.m. IST
- Previous discrepancy had stated call timing as 4:00 p.m. IST in some instances
Brightcom Group Limited has announced a conference call with shareholders scheduled for Friday, September 4, 2026, at 4:00 p.m. IST. The call will cover discussions regarding Q1 FY27 financial performance, operational updates, and strategic growth initiatives. Access links and dial-in details will be provided on the company's official investor portal prior to the call.
- Conference call scheduled for Friday, September 4, 2026, at 4:00 p.m. IST
- Agenda covers Q1 FY27 results, operational performance, and growth initiatives
- Dial-in numbers and access details to be hosted on the company investor relations website
Brightcom Group Limited has announced a conference call with shareholders scheduled for Wednesday, September 4, 2026, at 4:30 p.m. IST. The primary objective is to discuss the company's Quarter 1 FY27 financial results, operational performance, and recent business developments. Detailed dial-in information and web access links will be provided on the company's website prior to the event.
- Conference call scheduled for Wednesday, September 4, 2026, at 4:30 p.m. IST
- Agenda covers Q1 FY27 results, operational performance, and growth initiatives
- Access links and dial-in details to be hosted on the company's website ahead of the call
Brightcom Group Limited published its Q1 FY27 investor presentation detailing consolidated revenue of ₹1,752 Cr, up 20.4% YoY and 9.8% QoQ. Consolidated EBITDA rose 23.7% YoY to ₹470 Cr with margins expanding by 70 bps to 26.8%. Net profit grew 24% YoY to ₹262 Cr, yielding a quarterly EPS of ₹1.30. By segment, AdTech contributed 94% (₹1,645 Cr) of revenue while Services accounted for 6% (₹107 Cr), with Defence and NextGen divisions yet to record commercial revenue.
- Q1 FY27 consolidated revenue grew 20.4% YoY to ₹1,752 Cr compared to ₹1,455 Cr in Q1 FY26
- EBITDA increased 23.7% YoY to ₹470 Cr with EBITDA margin expanding to 26.8% (up 70 bps)
- Net Profit (PAT) grew 24% YoY to ₹262 Cr, with quarterly EPS standing at ₹1.30
- AdTech accounted for 94% (₹1,645 Cr) and Services for 6% (₹107 Cr) of total Q1 revenue
- Partly-owned subsidiary Onomagic completed 100% acquisition of digital publishing platform 'The Perspective'
Brightcom Group Limited announced the outcome of its Board of Directors meeting held on August 14, 2026. The Board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with the Limited Review Report from the Statutory Auditors. The board meeting commenced at 16:30 PM and concluded at 18:35 PM IST.
- Approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2026.
- Board meeting commenced at 16:30 PM and concluded at 18:35 PM on August 14, 2026.
- Results submitted alongside the Limited Review Report issued by the Statutory Auditors.
Brightcom Group (BCG) has announced that its subsidiary, OnoMagic, has acquired the remaining ownership interest in The Perspective, a digital publishing platform, bringing its stake to 100%. The Perspective is an award-winning platform recognized for its innovative approach to journalism and design, including a 2017 EPPY Award and a 2022 Independent Press Award. The acquisition is intended to leverage BCG's programmatic advertising and data-driven monetization ecosystem. While the transaction cost was not disclosed, BCG reported a TTM revenue of Rs 1,644 Cr and a TTM PAT of Rs 544 Cr as of the latest available data.
- Acquisition of the remaining interest to reach 100% ownership of The Perspective.
- Platform recognized with the 2017 EPPY Award for Best Innovation Project.
- Recipient of the 2022 Independent Press Award in Current Affairs.
- Nominated for a Webby Award in News and Politics in 2018.
- Integration planned with BCG's digital advertising and technology ecosystem.
Brightcom Group has filed two mandatory compliance certificates through its Registrar and Share Transfer Agent (RTA), Aarthi Consultants Private Limited. The first confirms compliance with SEBI Regulation 74(5) regarding the dematerialization of securities for the quarter ended June 30, 2026. The second is a compliance certificate under Regulation 7(3) for the financial year ended March 31, 2026, confirming that all share transfer activities were maintained by the RTA. These filings are standard procedural requirements for listed companies in India.
- Confirmed compliance for dematerialization requests for the period 01/04/2026 to 30/06/2026
- Share transfer activities for the full year ended 31/03/2026 were maintained by Aarthi Consultants Private Limited
- Dematerialization requests were processed and certificates cancelled within 15 days of receipt
- RTA registration number confirmed as SEBI Regn. No. INR000000379
Brightcom Group (BCG) delivered a strong financial performance for FY 2025-26, with revenue growing 34.6% YoY to ₹6,928.06 crore and PAT increasing 35.5% to ₹962.33 crore. The company has transitioned to a four-pillar operating model comprising AdTech, Software Services, Defence, and Next-Gen Tech. Capital efficiency improved significantly, with ROCE rising to 13.53% and ROE to 9.19%. The launch of Brightcom Defence marks a strategic pivot into high-growth sectors like UAV intelligence and autonomous systems across global markets.
- Revenue surged 34.6% YoY to ₹6,928.06 crore, while PAT grew 35.5% to ₹962.33 crore.
- Earnings Per Share (EPS) improved to ₹4.77 from ₹3.52 in the previous fiscal year.
- Formal launch of the Brightcom Defence division focusing on MaestroOS, UAV intelligence, and threat analytics.
- Operational efficiency improved with ROCE increasing from 11.66% to 13.53% and ROE to 9.19%.
- Strategic Azerion partnership successfully scaled publisher assets from 11 to over 100 domains within six months.
Brightcom Group Limited (BCG) has notified the exchanges that its trading window for dealing in company securities will be closed starting July 01, 2026. This closure is in compliance with SEBI Insider Trading regulations ahead of the announcement of unaudited financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the board meeting results are made public. The specific date for the board meeting to approve these results is yet to be announced.
- Trading window closure begins on July 01, 2026, for all designated persons and promoters.
- The closure is related to the upcoming unaudited financial results for the quarter ended June 30, 2026.
- Trading restriction will lift 48 hours after the public announcement of the board meeting results.
- The board meeting date for result approval will be informed separately in due course.
Brightcom Group Limited (BCG) has scheduled a shareholder conference call for Sunday, June 14, 2026, to discuss the company's financial performance for the fiscal year ended March 31, 2026. The management intends to provide updates on operational developments, strategic initiatives, and the future growth outlook. This session will include an interactive question-and-answer segment, allowing investors to seek clarifications on the annual results. Participation details and dial-in information will be released separately on the company's official website.
- Conference call scheduled for June 14, 2026, regarding FY 2025-26 annual results.
- Agenda covers business performance, operational developments, and strategic growth opportunities.
- Management will host an interactive Q&A session for shareholders and the investing community.
- The call follows the financial year ending March 31, 2026.
Brightcom Group Limited reported a strong financial performance for FY 2025-26, with consolidated revenue rising 34.6% to ₹6,928.06 Crores compared to ₹5,146.67 Crores in the previous year. Profit After Tax (PAT) grew by 35.5% to ₹962.33 Crores, with a corresponding increase in EPS to ₹4.77. The company also showed improvement in capital efficiency, with ROE increasing to 9.19% and ROCE to 13.53%. Beyond its core AdTech business, the company has diversified into defence technologies and restructured into four distinct operating divisions.
- Consolidated Revenue for FY26 reached ₹6,928.06 Crores, a 34.6% increase over FY25.
- Annual Profit After Tax (PAT) grew 35.5% YoY to ₹962.33 Crores.
- Return on Equity (ROE) improved from 8.172% to 9.19%, while ROCE rose from 11.66% to 13.53%.
- Formal launch of 'Brightcom Defence' division focusing on UAV intelligence and autonomous decision-support systems.
- Strategic partnership with Azerion scaled publisher assets from 11 domains to over 100 domains within six months.
Financial Performance
Revenue Growth by Segment
Consolidated revenue for FY25 was INR 5,147 Cr, representing a 10.4% increase from INR 4,662 Cr in FY24. H1 FY26 revenue reached INR 3,099 Cr, with the company trending to meet or exceed the FY23 record of INR 7,397 Cr. While specific segment-wise percentage splits are not provided, the AdTech division remains the primary driver, while the new Brightcom Defence initiative is in the prototype and subsidiary incorporation stage.
Geographic Revenue Split
The company operates in 30+ countries across the US, Israel, EU, LATAM, and APAC. While specific percentage contributions per region are not disclosed, the US market is a critical driver due to alignment with major shopping events like Black Friday and Cyber Monday, which dictate global ad spend cycles.
Profitability Margins
H1 FY26 PAT margin stands at approximately 14.3% (INR 443.9 Cr PAT on INR 3,099 Cr revenue). TTM PAT is reported at INR 808.57 Cr. Profitability is driven by the shift toward programmatic advertising, which accounts for 80-90% of display spend, allowing for automated, high-margin transaction processing.
EBITDA Margin
Not explicitly disclosed as a percentage; however, Quarterly PAT for Q2 FY26 was INR 233 Cr. The company is focusing on improving free cash generation and optimizing operational efficiency to stabilize margins following the revenue volatility seen between FY23 (INR 7,397 Cr) and FY24 (INR 4,662 Cr).
Capital Expenditure
Not disclosed in absolute INR Cr for future periods, but strategic priorities for FY26-27 include significant investment in technology platform enhancements, AI-driven products, and prototype development for the Brightcom Defence division.
Operational Drivers
Raw Materials
Digital Ad Impressions and Data (100% of service delivery cost). As a digital platform, the 'raw material' is the inventory of 5B+ daily impressions sourced from 50,000+ publishers.
Import Sources
Global digital inventory sourced from publishers in 30+ countries, including the US, Israel, Argentina, and various APAC nations.
Key Suppliers
Major publishers and platforms including Google, Meta (Facebook/Instagram), YouTube, TikTok, Twitter Advertising, and Taboola.
Capacity Expansion
Current capacity exceeds 5B+ impressions per day. Expansion is focused on the 'Brightcom Defence' subsidiary, which is developing AI-driven swarm drone management and battlefield intelligence systems.
Raw Material Costs
Not disclosed as a specific percentage of revenue, but the company utilizes a full AdTech stack (SSP + DSP + DMP + RTB) to minimize intermediary costs and maximize the monetization of the 50,000 publishers it serves.
Manufacturing Efficiency
Capacity utilization is measured by the efficiency of AI-driven optimization across web, mobile, video, and CTV formats, processing billions of transactions in milliseconds.
Logistics & Distribution
Not applicable; distribution is handled via global programmatic ad exchanges and real-time bidding (RTB) systems.
Strategic Growth
Expected Growth Rate
12%
Growth Strategy
Growth will be achieved through a 'Dual Engine' strategy: scaling the core AdTech business (targeting a $1.1T market by 2030) and expanding the new Defence AI division (targeting a $25-30B market by 2030). The company plans to leverage its 25+ years of experience and 10+ past acquisitions to integrate AI-driven products and capture the 15-20% annual growth in CTV and online video ad spend.
Products & Services
Programmatic advertising platforms (SSP, DSP, DMP), AI-driven optimization tools, swarm drone management systems, and battlefield intelligence software.
Brand Portfolio
Brightcom Group, Oridian, DreamAd, MediosOne, AdDynamix, Max Interactive, and Brightcom Defence.
New Products/Services
Brightcom Defence AI prototypes, including swarm drone management and real-time aerial cybersecurity, with the Defence AI market expected to grow at a 20-22% CAGR.
Market Expansion
Expansion into the Indian Defence sector via the 'Atmanirbhar Bharat' initiative and strengthening global AdTech partnerships in Tokyo, NYC, and Cologne.
Market Share & Ranking
Not disclosed as a specific percentage, but recognized in the Fortune India 500, MSCI, and S&P BSE 500.
Strategic Alliances
Relationships with 250+ ad agencies including Ogilvy, Havas, Zenith, and Mediacom.
External Factors
Industry Trends
The industry is shifting toward programmatic dominance (90% of spend by 2026) and Retail Media (expected to surpass $160B in 2025). BCG is positioning itself by integrating AI for hyper-personalization and expanding into CTV, which is growing at 15-20% annually.
Competitive Landscape
Competes with specialized tech providers like The Trade Desk, Magnite, PubMatic, and Criteo, as well as regional platforms like Taboola and Outbrain.
Competitive Moat
Moat is built on 25+ years of operational history, a massive network of 50,000 publishers, and a full-stack proprietary technology platform. This scale creates high switching costs for publishers and deep integration into agency workflows.
Macro Economic Sensitivity
Highly sensitive to global consumer spending; digital ad spend is projected to account for 75% of total global ad revenue by 2025, making the company a proxy for global digital consumption.
Consumer Behavior
Shift toward the 'Creator Economy' (YouTube, TikTok) and streaming (CTV) is driving demand for BCG's video and platform-native ad formats.
Geopolitical Risks
Operations in Israel and various international regions expose the company to regional conflicts. The Defence initiative is specifically designed to align with India's domestic 'Atmanirbhar Bharat' push to mitigate trade barrier impacts.
Regulatory & Governance
Industry Regulations
Subject to global data privacy laws (GDPR/CCPA) and advertising standards regarding fraud prevention and brand safety. The Defence division must comply with military-grade technical documentation and Indian defence procurement standards.
Environmental Compliance
Not disclosed; however, the company has a dedicated CSR committee chaired by P. Leo Ganesan.
Risk Analysis
Key Uncertainties
Seasonality is a major risk; revenue peaks in Q3 (Oct-Dec) due to holiday shopping but typically slumps in Q4 (Jan-Mar) and Q2 (July), which can cause 20-30% fluctuations in quarterly performance.
Geographic Concentration Risk
Significant exposure to the US and Israel markets. While specific percentages are not given, these regions house major operational hubs and client bases.
Third Party Dependencies
High dependency on major platforms like Google and Meta for ad delivery and 250+ agencies for budget allocation.
Technology Obsolescence Risk
Risk of AI-driven disruption. The company is mitigating this by investing in its own AI-driven products for both AdTech and Defence.
Credit & Counterparty Risk
Not disclosed; however, the company serves Fortune 500 clients, which typically implies high-quality receivables.
