Brightcom Group released its Q2 FY25 financial results, showing a 10.2% growth in revenue and a 17% rise in net profit from the June quarter. However, its shares remain suspended due to non-compliance with BSE and NSE regulations, and there is no clear timeline for when the suspension will end.
Brightcom Group’s shares have been suspended from regular trading for six months, impacting shareholders.
The company’s stocks currently trade only in the ‘Z’ group of stocks, where trades are limited to one day a week.
In a recent update, Brightcom stated that they remain confident their suspension would be revoked before December 14, 2024, noting that all necessary applications have been submitted to both exchanges.
Along with the trading suspension, Brightcom Group has also faced scrutiny from the Securities and Exchange Board of India (SEBI).
The market regulator imposed an ₹8 lakh fine on the company for delayed financial results submission and failure to disclose director resignations, further adding to the company’s ongoing compliance challenges.
Despite these setbacks, Brightcom Group is working to resolve the issues and meet all necessary requirements to avoid permanent suspension.
For the quarter ending September 2024, the company reported consolidated revenue of ₹1,302.78 crore, marking a 10.2% increase compared to the previous quarter. Net profit also grew 16.78%, reaching ₹186.28 crore.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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