The digital marketing business of Ybrant Digital reported a loss before tax of Rs 89.3 crore for the quarter ending March 31, 2012, a significant decline from Rs 31.88 crore profit in the same quarter last year and Rs 54.94 crore profit in the previous quarter.
The segment however reported an increase in its revenues year on year to Rs 205.5 crore for the quarter, up 31.48% from Rs 156.3 crore revenues in the same quarter last year but down 17.4% from Rs 248.7 crore in the previous quarter.
For the year ending March 31, 2013 (FY13), the profits were pulled by the loss during the quarter, with the net profit declining to Rs 62.82 crore for FY13, down 57% from Rs 146.18 crore in FY12. The segment revenues however increased to Rs 859.3 crore for FY13, up 42.5% from Rs 603 crore in FY12.
Software Development Business: The company also has a software development business which reported a net loss of Rs 49.4 crore for the quarter, a significant decline from Rs 32.38 crore profit in the same quarter last year and Rs 30.01 crore profit in the previous quarter. The segment also saw a decline in its revenues year on year to Rs 176.5 crore for the quarter, down 8.6% from Rs 191.6 crore revenues in the same quarter last year but marginally up from Rs 175.1 crore in the previous quarter.
Financials: Overall, Ybrant Digital posted a net loss of Rs 119.18 crore for the quarter, a major decline from Rs 45.04 crore profit in Q4-FY12 and Rs 60.33 crore profit in the previous quarter (Q3-FY13). The total operational income was at Rs 372.02 crore for the quarter, up 6.95% from Rs 347.86 crore in the same quarter last year but down 12.21% from Rs 423.77 crore in the previous quarter.
On an annual basis, Ybrant Digital posted a net profit of Rs 50.99 crore for FY13, down 73.42% from Rs 191.8 crore profit in FY12. The total operational income was at Rs 1,601.1 crore for FY13, up 26.75% from Rs 1,263.18 crore in FY12.
Note that these consolidated results includes the results of Yreach Media, its US-based entities Frontier Data Management, International Expressions, Ybrant Digital US, Ybrant Media Acquisition, Dyomo Corporation, Tech Orbit, and Global IT, its DreamAd entities in Argentina, Chile, Panama and Uruguay and other entities like LGS Global FZE (UAE), Online Media Solutions (Israel), Max Interactive Pty Ltd (Australia), Get Media Mexico Sociedad Anonima de Capital Variable (Mexico), Ybrant Digital (Brasil) Ltd (Singapore), and Ybrant Digital Servicos De PubliciadeLtda (Brazil).
Ybrant Developments During The Fiscal
In August 2012, Ybrant Digital raised Rs 210 crore for business expansion, which includes Rs 110 crore from Experian in exchange for 2.29% company stake and Rs 100 crore in openly convertible loans from ICICI Bank and Credit Suisse.
In May 2012, Ybrant Digital had entered into an agreement to acquire PriceGrabber, LowerMyBills, and ClassesUSA.com from Experian for $175 million. The acquisition was expected to close within the first half of the FY13, however the company noted in September 2012 that the proposed deal could not completed within the committed timeline and it is currently working on the same. There is no further update on the deal at the time of writing this article.
Download – Financials