R K Swamy Limited has announced its financial results for the quarter ending June 30, 2024, with revenue from operations rising by 11.4% to Rs. 68.37 crores, up from Rs. 61.35 crores in the same quarter of the previous fiscal year.
Gross margins increased by 6.4%, reaching Rs. 46.64 crores, compared to Rs. 43.82 crores in Q1 FY24. Profit before tax (PBT) surged to Rs. 3.09 crores, a 348% increase from Rs. 0.69 crores year-over-year. Profit after tax (PAT) also saw a three-fold increase, totalling Rs. 2.18 crores compared to Rs. 0.52 crores in the previous year.
“We are focused on winning a few large new engagements, in addition to the strong stable roster of clients we serve. We are investing in further building our three major disciplines viz., Integrated Marketing Communications, Full Service Market Research and Customer Data Analytics & Marketing Technology. All three are growing,” Shekar Swamy, managing director and group CEO, R K Swamy Limited said.
The company’s EBITDA for the quarter was Rs. 7.03 crores, marking a 27% increase from Rs. 5.53 crores in Q1 FY24. The EBITDA margin improved to 9.8% from 8.9% in the same period last year.
Rajeev Newar, Group CFO, noted that the first quarter is typically muted due to the finalisation of annual budgets. Despite this, the growth in Q1 FY25 is notable compared to the previous year’s lower base. The company expects stronger performance in the latter half of the fiscal year due to anticipated increases in marketing activity.
R K Swamy Limited, established in 1973 and now a publicly listed company as of March 2024, provides integrated marketing services including creative, media, data analytics, and market research.