Promoters of R Okay SWAMY, an built-in advertising and marketing providers group listed on the principle board of BSE & NSE, have consolidated their holding within the firm. They’ve purchased 3.56% of shares held by Evanston Pioneer Fund L.P., a US entity that had invested within the Group in 2018-19.
Srinivasan Okay Swamy and Narasimhan Okay Swamy concluded the transaction on December 27, 2024 on the market value of Rs 249.64 per share. With this purchase out, the Promoter and Promoter Group maintain 69.6% of the fairness paid up capital of R Okay SWAMY.
This improvement comes as the corporate navigates a difficult monetary interval. For the half-year ending September 30, 2024, R Okay SWAMY reported a complete earnings of Rs. 139.6 crore, barely down from Rs. 142.6 crore throughout the identical interval final yr. Within the first half of the yr, R Okay SWAMY reported a consolidated revenue earlier than tax of Rs. 5.3 crore, a decline from Rs. 10.9 crore recorded throughout the identical interval final yr. For the quarter ending September, the corporate’s consolidated whole earnings was Rs. 68.1 crore, down from Rs. 80.6 crore within the corresponding quarter of the earlier yr. Revenue earlier than tax for Q2 stood at Rs. 2.2 crore, in comparison with Rs. 10.2 crore in the identical quarter final yr.
Regardless of this decline, the corporate demonstrated resilience with over 15 new consumer acquisitions throughout a number of service areas.
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