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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