homebusiness Newscompanies NewsDigital marketing services firm RK Swamy expects strong fourth quarter performance
Digital marketing services firm RK Swamy expects strong fourth quarter performance
The integrated marketing services company which provides research and data analytics, saw a decline in average revenue per client during April-December 2023, while the client concentration increased.
Shekar Swamy, Group Chief Executive Officer at RK Swamy expects the company to report a healthy set of numbers in the March quarter.
“We are having a good surge in Q4. So I think we are in for a good year this year,” Shekar said while refraining from sharing any projections.
However, the company typically earns around 40% of its revenue in the first half of the year and 60% in the second half.
Given the first half revenue was at ₹141 crore, the company is projected to end FY24 at around ₹340-350 crore.
The integrated marketing services company which provides research and data analytics, also saw a decline in average revenue per client during April-December 2023, while the client concentration increased.
The top 10 clients contributed to approximately half of the revenue in the first half of current financial year from 42% last year.
However, the average revenue per client during the period dropped by 42% to ₹7 crore, down from ₹12 crore in the same period last year.
RK Swamy's ₹423.56 crore initial public offering (IPO) had a tepid debut on the exchanges on March 12, falling short of pre-listing expectations.
The stock listed at ₹250 against the issue price of ₹288 on the NSE.
The current market capitalisation of the company is ₹1,390.40 crore.
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(Edited by : Shweta Mungre)
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