November 12, 2022

Dalal Street, Mumbai - 400001. Bandra (E), Mumbai - 400051. Scrip Code: 532368 Symbol: BCG

BSE Limited National Stock Exchange of India Limited P. J. Towers, 25th Floor, Exchange Plaza, Bandra Kurla Complex,

Dear Madam/Sir,

Sub: Outcome of the Board Meeting - Unaudited Financial Results for the quarter and half year ended September 30, 2022.

With reference to the Notice issued on November 04, 2022 and November 10, 2022 we would like to inform you that the Board of Directors of the Company at their meeting held on November 12, 2022 have inter-alia discussed and resolved the following:

1. Approved the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2022. In terms of the above, we are enclosing herewith the following:
Unaudited financial results of the Company and Unaudited Consolidated financial results of the Company for the quarter and half year ended September 30, 2022 under Ind AS, which have been approved and taken on record at a meeting of the Board of Directors of the Company held today.
Limited Review Report pursuant to Regulation 33 of the SEBI (LODR) Regulations, 2015, for Unaudited Financial Results (Consolidated & Standalone) for the quarter and half year ended September 30, 2022.
1. Appointment of Company Secretary & Compliance Officer: Based on the recommendation of Nomination & Remuneration Committee, the Board has approved the appointment of Mr A Mahipal Reddy (ACS 54145) as a Company Secretary & Compliance Officer of the company with effect from December 1, 2022.

Brief Profile of the Company Secretary:

Name	A. Mahipal Reddy
Date of Birth	08-Jan-1974
Effective date of appointment	01-Dec-2022
Qualification	ACS, M.Com.,
ICSI Membership No.	ACS 54145
Relationship with any Director of the	None
Company
No. of Shares held in the Company	Nil
Brief Profile	Mr A. Mahipal Reddy worked across multiple industries in Senior Role having 15+ years of diverse experience on Secretarial, Legal, Compliance, and Management Skills. He worked in industries like Information Technology, Software, Textile, Manufacturing, Infrastructure, Real Estate, and Pharma.

We are sharing the Management Discussion and Analysis along with this Outcome of the Board Meeting.

The Board Meeting commenced at 08:00 P.M. and concluded at 09:45 P.M.

Request you to take the same on record and oblige.

Yours faithfully,

for BRIGHTCOM GROUP LIMITED

LAXMINARAYAN A RAJU SINGARAJU Digitally signed by LAXMINARAYANA RAJU SINGARAJU Date: 2022.11.12 22:05:45 +05'30'

Authorized Signatory

Encl.: A/a

Management Discussion and Analysis

1. The company reported a strong quarter, with consolidated revenues of Rs. 1683.06 crores and PAT of Rs. 320.68 crores for Q2 FY22-23.
1. Consolidated revenues rising 52.48% YoY and PAT rising 51.15 % YoY. Notably, EBITDA also rose by 45.07 % YoY.
1. Company's Return on Equity (ROE), on an annualized basis has reached 20.74%. We will continue to focus on improving this key metric .
1. The company's consolidated tax rate across all geographies in this quarter was 27.79%
1. We achieved operating cash flow of approximately Rs. 216.5 Crores in the last quarter.
1. The main drivers of revenue were:
1. Enhancing Client Reach across various locations and businesses , through focused efforts by our teams .
1. Working on improving Market share in the US and EU markets.
1. On the demand side, this quarter, the company added: 5 New Ad agencies 16 new direct advertisers - 7 new newspaper relationships: for 'Blocal' exchange our news platform .
1. Increasing the overall publisher network ,thus enhancing the access to a larger Internet traffic.
1. Globally, the change in the duopolistic nature of the digital AdTech market is making way for the midsize, nimbler players to ramp up piece of the pie.

Updates:

Ezequiel Moschcovich Vice President of Business Development was at the DIGIDAY Summit in Miami, Florida from Sept 19th to 21st.
Etai Eitany, CEO of Israel office, along with Roni Gelman and Daria Oshry of Berlin office were in Cologne to be at the event DMEXCO in September as well.
Maayan Bar, Head of Publisher Success and others are currently in the US East Coast and West Coast to attract new business and add new publishers to the network.
Brad Brittan was appointed as the Business Development Manager Publishers in the Israeli office in September.
Indian Office on boarded the first batch of 34 fresh software developers, after a rigorous recruitment process in November.
Lava Yarimi is now the new Head of Operations for Display Advertising Division of Brightcom in November.

BRIGHTCOMGROUP LIMITED (NSE & BSE ‐ BCG )

Regd. Office: Floor: 5, Fairfield by Marriott,Road No: 2, Nanakramguda,Gachibowli, Hyderabad – 500032,India.

CIN:L64203TG1999PLC030996

Tel: +9140 6744 9910, Fax: +91 22 6645 9677, www.brightcomgroup.com, email:[email protected]

Statement of Unaudited Standalone&Consolidated Financial Results for the Quarter and Half Year Ended 30th September 2022

		Stan dalo ne				Con soli dat ed
Sl.N o.	Par ticu lars	end ed Qua rter		Half ded Ye ar en		Yea ded en r	end ed Qua rter			Half ded Ye ar en		Yea ded r en
		30‐S ep‐2 022	30‐J 202 2 un‐	30‐ Sep ‐202 1	30‐ Sep ‐202 2	30‐ Sep ‐202 1	31‐ Mar ‐202 2	30‐ Sep ‐202 2	30‐J 202 2 un‐	30‐ Sep ‐202 1	30‐ Sep ‐202 2	30‐ Sep ‐202 1	31‐ Mar ‐202 2
	(Ref s be low ) er N ote	(Un aud ited )	(Un aud ited )	(Un aud ited )	(Un aud ited )	(Un aud ited )	(au dite d)	(Un aud ited )	(Un aud ited )	(Un aud ited )	(Un aud ited )	(Un aud ited )	(au dite d)

1	a) In e fr ratio com om ope ns	11,3 04.4 0	9,55 0.45	8,99 0.96	20,8 54.8 5	17,8 89.4 2	36,6 81.0 9	1,68 ,306 .94	1,48 ,060 .51	1,10 ,377 .87	3,16 ,367 .45	1,75 ,782 .56	5,01 ,958 .77
	b) O the r In com e	(267 .42)	(318 .45)	8.03	(585 .87)	(86. 67)	(226 .08)	(264 .13)	(314 .46)	7.89	(578 .59)	(85. 30)	(222 .42)
	al Tot Inc ome	11,0 36.9 8	9,23 2.00	8,99 8.99	20,2 68.9 8	17,8 02.7 5	36,4 55.0 1	1,68 ,042 .81	,746 .05 1,47	1,10 ,385 .76	3,15 ,788 .86	,697 .26 1,75	5,01 ,736 .35
2	Exp ens es
	a) C of s ales /ser vice ost s	8,58 3.25	7,17 9.86	7,18 1.08	15,7 63.1 1	13,9 89.0 8	28,5 17.1 9	98,8 68.0 5	84,1 44.9 5	62,2 95.4 7	1,83 ,013 .00	98,7 40.0 8	2,91 ,411 .22
	b) C han in in tori f fin ishe d go ods rk‐in d st ock ‐in‐t rade ges ven es o , wo ‐pro gres s an	‐									‐
	c) E mpl e be nefi ts e oye xpe nse	1,15 2.00	1,03 4.30	946 .86	2,18 6.30	1,91 2.11	3,83 4.47	8,93 6.32	8,09 6.27	6,54 3.42	17,0 32.5 9	10,5 18.5 7	27,2 51.1 5
	d) D and ecia tion rtiza tion epr amo exp ens e	1.32	1.64	4.79	2.96	9.64	18.8 7	6,22 3.36	6,58 6.05	5,98 2.55	12,8 09.4 1	11,7 48.9 7	24,6 23.7 0
	e) F inan osts ce c	10.0 3	10.4 0	6.33	20.4 3	10.1 9	31.2 7	10.0 7	10.4 6	6.33	20.5 3	10.1 9	31.4 3
	f) O the r ex pen ses	1,17 7.27	920 .84	823 .76	2,09 8.11	1,59 8.06	3,67 6.15	9,53 5.13	10,2 43.3 2	6,59 6.97	19,7 78.4 5	11,0 91.2 0	32,6 08.5 7
	al Tot ex pen ses	10,9 23.8 7	9,14 7.04	8,96 2.82	20,0 70.9 1	17,5 19.0 8	36,0 77.9 5	1,23 ,572 .93	1,09 ,081 .05	81,4 24.7 4	2,32 ,653 .98	1,32 ,109 .01	3,75 ,926 .07
3	fit/ Pro (los s) b efo ptio nal item s (1 ‐2) re e xce	113 .11	84.9 6	36.1 7	198 .07	283 .67	377 .06	44,4 69.8 8	38,6 65.0 0	28,9 61.0 2	83,1 34.8 8	43,5 88.2 5	1,25 ,810 .28
4	nal Exce ptio item s	‐	‐	‐	‐	‐	‐	‐	‐	‐	‐	‐	‐
5	fit/ (los s) b efo ax ( ) Pro re t 3+4	113 .11	84.9 6	36.1 7	198 .07	283 .67	377 .06	44,4 69.8 8	38,6 65.0 0	28,9 61.0 2	83,1 34.8 8	43,5 88.2 5	1,25 ,810 .28
6	Tax Exp ens es
	a)Cu t Ta rren x	37.7 6	28.3 6	12.0 7	66.1 2	94.7 0	125 .88	12,3 58.9 6	10,9 38.4 2	7,76 1.65	23,2 97.3 8	11,7 94.8 4	34,6 27.4 5
	b) D efer red tax	15.6 2	0.89	4.24	16.5 1	57.1 8	79.6 1	42.9 0	2.90	(15. 29)	45.8 0	23.8 4	(37. 22)
	al Tot Ta Ex x pen ses	53.3 8	29.2 5	16.3 1	82.6 3	151 .88	205 .49	12,4 01.8 6	10,9 41.3 2	7,74 6.36	23,3 43.1 8	11,8 18.6 8	34,5 90.2 3
7	fit / Net (los s) a fter (5‐6 ) tax pro	59.7 3	55.7 1	19.8 6	115 .44	131 .79	171 .57	32,0 68.0 2	27,7 23.6 8	21,2 14.6 6	59,7 91.7 0	31,7 69.5 7	91,2 20.0 5
8	e/(l Oth rehe nsiv e in oss) (net of t ax) er c omp com	237 .06	248 .23	(6.1 7)	485 .29	57.1 6	171 .20	16,3 02.9 9	18,4 50.5 5	(381 .35)	34,7 53.5 4	3,49 1.35	12,2 64.4 1
9	iod( ) Tot al c hen sive inco for the 7+8 om pre me per	296 .79	303 .94	13.6 9	600 .73	188 .95	342 .77	48,3 71.0 1	46,1 74.2 3	20,8 33.3 1	94,5 45.2 4	35,2 60.9 2	1,03 ,484 .46
10	(Fac s.2/ h) Paid ity s hare ital e Va lue of R ‐up equ cap ‐eac	40,3 58.4 4	40,3 58.4 4	20,8 32.6 6	40,3 58.4 4	20,8 32.6 6	40,3 58.4 4	40,3 58.4 4	40,3 58.4 4	20,8 32.6 6	40,3 58.4 4	20,8 32.6 6	40,3 58.4 4
11	f pr Res clud ing Rev alua tion Res bala she evio unti et o erve s ex erve s as per nce us a cco ng y ear						1,21 ,617 .44						4,89 ,090 .59
	sha Earn ings per re
12	(Fac s.2/ h) (n d) lue of R alize ot a e va ‐eac nnu
	a) B (in R s.) asic	0.00 3	0.00 3	0.00 2	0.00 6	0.01 3	0.01	1.59	1.37	2.04	2.96	3.05	4.52
	b) D ilute d (in Rs.)	0.00 3	0.00 3	0.00 2	0.00 6	0.01 3	0.01	1.59	1.37	2.03	2.96	3.04	4.52

Notes:

The above results have beenreviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company at its meeting held on 12th November 2022.
The above interimfinancial results have been prepared from the Interim financial statements, which are prepared in accordance with Ind AS notified under the companies(Indian accounting standards) rules,2015.

3.TheCompany operates in two segments i.e, Digital Marketing and Software Development.

Thefigures for the previous period/year have been regrouped/reclassified, wherever necessary.

All amountsin

Indian Rupees Lakhs, except share data

Place: HYDERABAD

Date: November 12, 2022

	Statement of Assets & Liabilities (Rs. In Lakhs)
		Standalone		Consolidated
SI.No.	Particulars	As at	As at	As at	As at
		30-Sep-22	31-Mar-22	30-Sep-22	31-Mar-22
		(Unaudited)	(Audited)	(Unaudited)	(Audited)
	ASSETS
$\mathbf{1}$	Non-current assets
	Property, plant and equipment	47.81	50.66	4,337.52	3,660.98
	Capital work in Progress			8,816.88	8,196.29
	Investment property	21.95	21.95	21.95	21.95
	Goodwill on consolidation		$\overline{\phantom{a}}$		$\overline{\phantom{a}}$
	Other intangible assets		$\sim$	74.854.99	81,311.73
	Intangible assets under development		$\overline{\phantom{a}}$	10,475.77	9,738.42
	Financial assets		÷
	- Investments	67,775.49	67,775.49	56,345.04	53,567.72
	- Loans	10.11	10.37	10,812.70	10,052.60
	Other financial assets	157.33	164.45	1,795.91	1,668.38
	Deferred tax assets (net)		$\overline{\phantom{a}}$	394.20	127.57
	Non-current tax assets (net)	56.38	57.05	56.38	57.05
	Other non-current assets			3,222.74	3,091.32
	Total non-current assets	68,069.07	68,079.97	1,71,134.08	1,71,494.01

2	Current assets Financial assets
	- Trade receivables	19,168.93	17,977.71	2,30,812.41	1,88,137.91
	Cash and cash equivalents	598.78	571.12	1,19,379.22	74,493.21
		5.39	5.39	5.39	5.39
	Other bank balances - Loans	88,291.84	87,884.27	1,62,130.89	1,42,399.18
	Other financial assets	62.04	61.78	62.04	61.78
	Other current assets	4,171.39	4,326.17	19430.66	17,454.74
	Total current assets	1,12,298.37	1,10,826.44	5,31,820.61	4,22,552.21
	Total assets	1,80,367.44	1,78,906.41	7,02,954.69	5,94,046.22

	EQUITY AND LIABILITIES
	Equity
	Equity share capital	40,358.44	40.358.44	40,358.44	40,358.44
	Other equity	1,16,164.40	1,21,617.44	5,77,582.08	4,89,090.59
	Total equity	1,56,522.84	1,61,975.88	6,17,940.52	5,29,449.03

	LIABILITIES
$\mathbf{1}$	Non-current liabilities
	Financial liabilities Borrowings	10,749.47	9,992.86	÷	J.
	Other Long - Term liabilities	ä,	$\overline{\phantom{a}}$	$\overline{\phantom{a}}$	i,
	Deferred tax liabilities (net)	356.74	505.59	946.90	1,054.14
	Provisions	83.41	66.90	373.27	335.61
	Total non-current liabilities	11,189.62	10,565.35	1,320.17	1,389.75

$\overline{2}$	Current liabilities
	Financial liabilities
	Borrowings	$\sim$	÷,		÷.
	Trade payables	2,160.17	2,362.48	20,299.61	17,811.38
	Other financial liabilities Other current liabilities	114.30 8,995.44	110.73 3,044.04	114.30 39,608.06	110.73 28,262.24
	Provisions	1,385.07	847.94	23,672.03	17,023.11
	Total current liabilities	12,654.98	6,365.19	83,694.00	63,207.46
	Total equity and liabilities	1,80,367.44	1,78,906.41	7,02,954.69	5,94,046.22

For Brightcom Group Limited

M. Suresh Kumar Reddy
Chairman & Managing Director
DIN: 00140515

		Statement of Cash flows(unaudited) Standalone		Consolidated

	Partirulars	Half‐year ended Sep 30, 2022	2021	Half‐year ended Sep 30, 2022	2021

A.	Cash Flow from Operating Activities Profit Before Tax	198.07	283.66	83,134.89	43,588.26
	Adjustment for :		‐		‐
	Add:Depreciation and amortisation expense	2.96	9.65	12,809.41	11,748.96
	Interest Expense		‐		‐
	Allowance for doubtful trade receivables	(28.82)	(146.37)	(137.10)	(152.62)
	Forex Gain/Loss Baddebts‐written off				‐ ‐

	Operating Profit before Working Capital Changes	172.21	146.94	95,807.20	55,184.60
	Adjustment for Working Capital Changes:		‐
	Increase/(Decrease) in Shor term Borrowings		‐	‐	‐
	Increase/(Decrease) in Trade Payables	(202.31)	61.35	2,488.22	311.39
	Increase/(Decrease) in other Current Liabilities Increase/(Decrease) in Others financial liabilities	(102.37) 3.57	(7,763.15) (11.19)	5,292.05 3.57	(3,511.99) (11.19)
	Increase/(Decrease) in Short‐Term Provisions	496.01	113.19	473.44	(1,519.75)
	Decrease/(Increase) in Trade Receivables	(1,162.40)	(299.53)	(42,537.39)	(29,117.05)
	Decrease/(Increase) in Short‐Term Loans and Advances	(407.56)	(15,827.93)	(19,731.71)	(6,415.53)
	(Increase)/Decrease in Other Financial Assets	(0.26)	(4.42)	(0.26)	(4.42)
	(Increase)/Decrease in other Current Assets	154.78	(1,559.06)	(1,975.92)	(2,445.78)
	Cash Flow from Operating Activities	(1,048.33)	(25,143.80)	39,819.20	12,470.27
	Less: Taxes paid	25.00	10.13	17,121.90	11,598.57
	Net Cash Flow from Operating Activities(A)	(1,073.33)	(25,153.93)	22,697.30	871.70

B	Cash Flow from Investing Activities Assets Written off		‐		‐
	Purchase/(Increase) of Fixed Assets	(0.10)	‐	(1,044.38)	(2,618.76)
	Investment in Subsidiary /Joint Venture	‐	‐		‐
	(Increase)/Decrease in Non‐Current Investments	‐	‐		‐
	(Increase)/Decrease in Capital Work in Progress	‐	‐		(7,113.77)
	Sale of an asset	‐	‐	0.37	(8,028.71)
	Net cash flow from investing activities(B)	(0.10)	‐	(1,044.01)	(17,761.24)
C.	Cash Flows from Financing Activities
	Interest Paid		‐		‐
	Increase/(Decrease) in Long Term Loans		‐		‐
	Increase /(Decrease) in Foreign Currency Fluctuation Reserve	1,241.91	156.12	24,789.63	1,917.18
	Increase/(Decrease) in share capital Increase/(Decrease) in Capital reserve	‐	6,513.10 18,562.34		6,513.10 18,562.34
	Increase/(Decrease) in long term provision	(148.84)	24.51	(263.78)	28.83
	(Increase)/Decrease in Deffered tax Asset(Net)		‐	(312.43)	54.79
	Increase/(Decrease) in Deffered tax Liabilities(Net)		‐	37.67	6.18
	(Increase)/Decrease in Long term loans and advances	0.26	9.54	(760.10)	‐
	(Increase)/Decrease in Non current Other Financial Assets (Increase)/Decrease in Other Non ‐ Current tax Assets(Net)	7.12	‐ (99.82)	(127.53) 0.67	(187.44) (5.12)
	(Increase)/Decrease in Other Non ‐ Current Assets	0.67	‐	(131.41)	141.38

	Net cash flow from financing activities C	1,101.12	25,165.79	23,232.72	27,031.24
	Cash and cash equivalents at beginning of year	576.51	25.37	74,498.60	12,651.78

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	OR O G F S EGM SE REP TIN ENT WI REV	ESU LTS , SE ENU E, R	GM ASS ETS & S EGM ENT	S(C ON ENT LIA BIL ITIE	SO D) LID ATE	All	dia akh
				Con sol	ida ted	ts in am oun	In n R es L upe s
Sl.N o.	lars Par ticu		ded Qu arte r En		Hal f Ye En ar	Yea En ded r
		30- Se 202 2 p-	30- Jun -20 22	30- Se 202 1 p-	30- Se 202 2 p-	30- Se 202 1 p-	31- Ma r-2 022
		(Un ) aud ited	(Un ) aud ited	(Un ) aud ited	(Un ) aud ited	(Un ) aud ited	(au d) dite

1	Seg nt R me eve nue
	(a) ital rke Dig Ma ting Seg nt me	1,5 7,1 17. 75	1,3 8,6 30. 06	1,0 1,4 98. 80	2,9 5,7 47. 81	1,5 8,1 06. 26	4,6 5,7 13. 17
	(b) Sof lop nt S twa re D ent eve me egm	189 .19 11,	9,4 30. 45	8,8 79. 07	20, 619 .64	676 .30 17,	36, 245 .60
	al les/ e fr Tot Sa Inc Op tion om om era s	1,6 8,3 06. 94 ‐	1,4 8,0 60. 51 ‐	1,1 0,3 87 77. ‐	3,1 6,3 67. 45 ‐	1,7 82. 56 5,7 ‐	5,0 1,9 58. 77 ‐
	Les In Se Rev ter ent s: gm enu e
	les/ e fr tion Net Sa Inc Op om om era s	1,6 8,3 06. 94	1,4 8,0 60. 51	1,1 0,3 77. 87	3,1 6,3 67. 45	1,7 5,7 82. 56	5,0 1,9 58. 77
2	lts ofit (+) / Lo ss ( ‐) b efo and Seg nt R ‐ Pr inte re t t me esu ax res
	(a) ital rke Dig Ma ting Seg nt me	44, 357 .36	38, 580 .10	28, 927 .14	82, 937 .46	43, 206 .25	1,2 5,3 73. 31
	(b) Sof re D lop nt S twa ent eve me egm	122 .59	95. 36	40. 21	217 .95	392 .19	468 .40
	al Tot	44, 479 .95	38, 675 .46	28, 967 .35	83, 155 .41	43, 598 .44	1,2 5,8 41. 71
	Les In ter est s:	10. 07	10. 46	6.3 3	20. 53	10. 19	31. 43
	) / al ofit (+ s (‐ ) be for Tot Pr Los e ta x	44, 469 .88	38, 665 .00	28, 961 .02	83, 134 .88	43, 588 .25	1,2 5,8 10. 28
3	Seg nt A ts me sse	‐	‐	‐	‐	‐	‐
	(a) Dig ital Ma rke ting Seg nt me	6,7 2,0 26. 84	6,3 1,8 10. 76	3,9 3,3 34. 72	6,7 2,0 26. 84	3,9 3,3 44. 72	5,6 3,7 67. 58
	(b) Sof twa re D nt S ent	927 .85	523 .64	486 .10	927 .85	486 .10	278 .64
	lop eve me egm al Tot ent ets se ass	30, 7,0 2,9 54. 69	30, 6,6 2,3 34. 40	31, 4,2 4,8 20. 82	30, 7,0 2,9 54. 69	31, 4,2 4,8 30. 82	30, 5,9 4,0 46. 22
	gm
	Seg nt l iab iliti me es
	(a) Dig ital rke ting Ma Seg nt me	74, 385 .63	76, 366 .60	26, 910 .18	74, 385 .63	26, 910 .18	54, 193 .69
	(b) Sof lop re D nt S twa ent eve me egm	10, 628 .54	10, 344 .54	11, 613 .41	10, 628 .54	11, 613 .41	10, 403 .54
	Tot al liab iliti ent se gm es	85, 014 .17	86, 711 .14	38, 523 .59	85, 014 .17	38, 523 .59	64, 597 .22

Place : HYDERABADDate: November 12, 2022

Tel. : (91-40) 2332 6666, 2331 2554 2339 3967, 2332 1470 Fax $(91-40)$ 2339 2474 E-mail : [email protected] [email protected] Website: www.pmurali.com

Independent Auditor's Review Report for the Quarter and half year ended 30th September, 2022 Unaudited Consolidated Financial Results of the Company pursuant to the Regulation 33 of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, as amended

Review report to The Board of directors BRIGHTCOM GROUP LIMITED

We have reviewed the accompanying statement of unaudited consolidated financial results of BRIGHTCOM GROUP LIMITED ("Holding Company") and its subsidiaries (Holding Company and its subsidiaries together referred to as "the Group"), for the quarter ended 30 September, 2022 and for the period from 01 April 2022 to 30 September 2022 ("the Statement") attached herewith, being submitted by the "Holding Company" pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations").

"The Statement", which is the responsibility of the "Holding Company's" Management and approved by the "Holding Company's" Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, 'Interim Financial Reporting, ("Ind AS 34") prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity, issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

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	2339 3967, 2332 1470
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E-mail	: [email protected]
	[email protected]
	Website: www.pmurali.com

The Statement includes the results of the following entities:

1. Ybrant Media Acquisition Inc
1. Online Media Solutions Limited
1. International Expressions Inc
1. Dream AD SA Panama
1. Ybrant Digital Servicos De Publicidade Ltd
1. LGS Global FZE
1. Ybrant Digital (Brasil) Limited
1. Frontier Data Management Inc
1. Dream AD SA Argentina
1. Dyomo Corporation
1. Get Media Mexico Socidadanonima De Capital Variable, Mexico
1. Dream AD SA Chile
1. Dream AD SA Uruguay
1. Max Interactive Pty Ltd
1. LIL Projects Private Limited 16. YReach Media Private Limited

Based on our review conducted and procedures performed as stated above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Emphasis of Matter Paragraph:

1. The Company has branch operations at USA having total assets of Rs. 37,276.75 Lakhs/- as at 30^th September, 2022 and total turnover of Rs. 20,854.85 Lakhs/- for the period from 1st April 2022 to 30th September, 2022.
1. SEBI ordered Forensic Audit vide Ref No SEBI/HO/ CFID/ CFID_4/P/OW/ 2021 /24343/1 dated 16/09/2021 as per the provisions and Regulation 5 of SEBI (PFUTP) Regulations 2003 read with section 11C of SEBI Act, 1992 and Deloitte Touche Tohmatsu India LLP has been appointed as forensic auditor w.r.t the financial statements for the financial years FY 2014-15 to FY 2019-20. The said Forensic Audit is under progress and the final outcome of the same is yet to come by the time issue of this report.

Our opinion is not modified in respect of above emphasis of matter paragraph.

Tel. : (91-40) 2332 6666, 2331 2554 2339 3967, 2332 1470 Fax $(91-40)$ 2339 2474 : [email protected] E-mail [email protected] Website: www.pmurali.com

Other Matter Paragraph:

The accompanying Statement includes unaudited interim financial results and other unaudited financial information in respect of 14 foreign subsidiaries, whose interim financial results and other financial information reflect total assets of Rs. 577,733.52 Lakhs as at 30^th September, 2022 and total revenues of Rs.156,978.06 Lakhs and Rs.295,488.12 Lakhs, total net profit after tax of Rs.32,010.00 Lakhs and Rs.59,696.55 Lakhs and total comprehensive income of Rs. 48,075.93 Lakhs and Rs.93,964.81 Lakhs for the quarter ended 30^th September, 2022 and for the period from 1^st April 2022 to 30^th September, 2022, respectively and Cash & Cash Equivalents of Rs. 117,322.08 Lakhs as at 30^th September 30,2022, as considered in "the Statement".

The interim financial results and other financial information of these subsidiaries have not been reviewed by their respective auditors; these unaudited interim financial results and other unaudited financial information have been furnished to us by the Management and our conclusion on "the Statement", in so far as it relates to the affairs of these subsidiaries is based solely on such unaudited interim financial results and other unaudited financial information.

For P. Murali & Co. Chartered Accountants. $RAL$ FRN: 007257S Hyderabad A Krishna Rao ed Accou Partner

M No. 020085 UDIN: 22020085BCZBDV1260

Place: Hyderabad Date: 12/11/2022

Tel. : (91-40) 2332 6666, 2331 2554 2339 3967, 2332 1470 Fax $(91-40)$ 2339 2474 E-mail : [email protected] [email protected] Website: www.pmurali.com

Independent Auditor's Review Report for the Quarter and half year ended 30th September, 2022 Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review report to The Board of Directors BRIGHTCOM GROUP LIMITED

We have reviewed the accompanying statement of unaudited standalone financial results of BRIGHTCOM GROUP LIMITED ("Company") for the quarter ended September 30, 2022 and for the period from 1st April, 2022 to 30th September, 2022 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations").

This Statement, which is the responsibility of the "Company's" Management and approved by "the Company's" Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, 'Interim Financial Reporting, ('Ind AS 34,') prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to issue a report on "the Statement" based on our review.

We conducted our review of "the Statement" in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether "the Statement" is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Tel. : (91-40) 2332 6666, 2331 2554 2339 3967, 2332 1470 Fax $(91-40)$ 2339 2474 : [email protected] E-mail [email protected] Website: www.pmurali.com

Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Ind AS 34 prescribed under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued there under and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.

Emphasis of Matter Paragraph:

1. The Company has branch operations at USA having total assets of Rs. 37,276.75 Lakhs/- as at 30^th September, 2022 and total turnover of Rs. 20,854.85 Lakhs/- for the period from 1st April 2022 to 30th September, 2022.
1. SEBI ordered Forensic Audit vide Ref No SEBI/HO/ CFID/ CFID_4/P/OW/ 2021 /24343/1 dated 16/09/2021 as per the provisions and Regulation 5 of SEBI (PFUTP) Regulations 2003 read with section 11C of SEBI Act, 1992 and Deloitte Touche Tohmatsu India LLP has been appointed as forensic auditor w.r.t the financial statements for the financial years FY 2014-15 to FY 2019-20. The said Forensic Audit is under progress and the final outcome of the same is yet to come by the time issue of this report.

Our opinion is not modified in respect of above emphasis of matter paragraph.

For P. Murali& Co. Chartered Accountants FRN: 007257S WURA Countar A Krishna Rao

Partner M No. 020085 UDIN: 22020085BCZBCN2152

Place: Hyderabad Date: 12/11/2022

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BRIGHTCOM GROUP LIMITED Earnings Release 2023