Vertoz Advertising’s FY19 consolidated net profit increases by 28% to Rs 7.34 cr
MUMBAI: Vertoz Advertising’s consolidated net profit has increased by 27.87% on YoY basis at Rs 7.34 crore in FY19 as against Rs 5.74 crore in FY18. Vertoz is India’s one of the leading digital advertising companies and the first public listed ad-tech company.
The consolidated Revenues from operations were at Rs 46.23 crore in FY19 as against Rs 36.84 crore in FY18, sees a significant increase of 25.49% on YoY basis. The company’s consolidated EBIDTA increased by 28.34% on YoY basis at Rs 11.05 crore in FY19 as against Rs 8.61 crore in FY18.
Commenting on the results, Vertoz Chairman & Whole-time Director Hiren Shah 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.”
Vertoz CEO & Whole-time Director Ashish Shah 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.”