MUMBAI: The lights are definitely on and someone’s at home at Bright Outdoor Media. India’s first listed out-of-home advertising firm has delivered a corker of a year, with total income soaring 19 per cent to Rs 128 crore and net profit jumping nearly 19 per cent to Rs 19 crore in the fiscal year ending March 2025.
The numbers tell a gleaming story. Earnings per share climbed to Rs 13.11 from Rs 11.45, whilst EBITDA expanded a healthy 18 per cent to Rs 27 crore. The second half proved particularly bright, with income surging 22 per cent half-on-half to Rs 70 crore—suggesting the company’s momentum is accelerating rather than dimming.
For a firm that started life in 1980 flogging billboard space, Bright Outdoor has certainly illuminated its path to prosperity. The Mumbai-based outfit now commands over 400 hoardings nationwide, including a hefty chunk of the city’s 85 large digital LED displays. That’s no small feat in a market where prime real estate comes at a premium and visibility is everything.
The company’s recent coups read like a property developer’s wishlist. Bright Outdoor has bagged exclusive advertising rights for the entire Navi Mumbai Metro Line 1—a decade-long deal covering 85,000 square feet of prime eyeball territory. Not content with underground domination, it also secured a seven-year contract with Western Railways, adding another 17,555 square feet of high-visibility real estate to its empire.
Chairman & managing director Yogesh Lakhani is clearly more than pleased with the results. His company has been on a billboard-buying spree, unveiling 13 new LED displays across Mumbai’s most coveted spots—from the Goregaon flyover to the Eastern Express Highway. The digital expansion adds 12,569 square feet of advertising space to Bright’s already impressive portfolio.
Shareholders have reason to smile beyond the robust financials. The board has recommended a five per cent dividend (Rs 0.50 per share) and proposed a generous 1:2 bonus issue—one free share for every two held. It’s a clear signal that management believes the good times will keep rolling.
The outdoor advertising market has been riding high on India’s economic growth and urbanisation boom. Digital displays, in particular, have become the new battleground as advertisers seek more dynamic, targeted campaigns. Bright Outdoor’s focus on high-traffic transit corridors and tech-savvy solutions appears to be paying dividends—quite literally.
From cinema slides to full train wraps, the company’s diverse offerings have attracted over 5,000 corporate clients and facilitated campaigns for more than 200,000 movies, TV shows and events. Its claim to fame includes being the first globally to install solar panels on hoardings, supplying electricity back to Indian Railways—proof that being green can indeed mean more greenbacks.
Trading on the BSE SME platform since March 2023, Bright Outdoor has certainly lived up to its billing as a “game changer” in the IPO landscape. With urban India’s appetite for advertising showing no signs of dimming, this billboard baron looks set to keep the lights on—and the profits flowing.
