ODigMa Consultancy Solutions Reports 23.5% PAT Growth in Q1, Plans UAE Expansion

Odigma Consultancy Solutions Limited (NSE: ODIGMA | BSE: 544301), a leading digital marketing company, has reported a strong 23.5% year-on-year increase in Profit After Tax (PAT) for the first quarter ended June 30. The company's performance was primarily driven by robust growth in its global Top-Level Domain (gTLD) business, despite facing revenue challenges due to seasonal factors and macroeconomic headwinds.

Financial Highlights

ODigMa's revenue from operations stood at INR 656.77 lakh in the current quarter, compared to INR 1,356.94 lakh in the same quarter last year, representing a 51.60% decline. The company attributed this decrease to seasonal softness and macroeconomic uncertainties, which led some clients to defer or reduce their spending.

Despite the revenue challenges, ODigMa managed to increase its Profit After Tax by 23.50% to INR 10.62 lakh, up from INR 8.60 lakh in the previous year's quarter. This growth was primarily driven by the strong performance of the company's global Top-Level Domain (gTLD) business, which focuses on the management and sales of the .OOO (dot triple O) domain extension.

gTLD Business Performance

ODigMa remains the only Indian company accredited by ICANN to own and operate a global top-level domain. The .OOO domain caters to both domestic and global customers, offering individuals and businesses a unique alternative to traditional domain extensions. Operating on a subscription-based model, this business segment contributes to stable and recurring revenue streams for the company.

Mr. Mathew Jose, Managing Director of ODigMa Consultancy Solutions Ltd., commented on the results, stating, "Our PAT saw a significant jump of 23.5%—largely attributed to the strong performance of our global .OOO domain business. We are confident that our focused execution and differentiated offerings will continue to drive profitability in the quarters ahead."

Strategic Initiatives

During the quarter, ODigMa implemented a high-intent shopper advertising strategy and AI-data-led campaign architectures, which are expected to yield benefits in the coming quarters. The company has positioned itself as a go-to partner for precision marketing within high-conversion digital ecosystems, including e-commerce marketplaces, as brands increasingly demand measurable and immediate returns on their digital spending.

ODigMa continues to expand its footprint in India's fast-growing creative and digital sector by deploying scalable, results-driven digital marketing solutions and strategies. In the current quarter, the company acquired new clients across various verticals, including retail, education, hospitality, healthcare, and travel sectors.

Expansion Plans

In a significant development, ODigMa's Board of Directors has approved the incorporation of a wholly-owned subsidiary in Sharjah, United Arab Emirates. This new entity will focus on digital media management, marketing, content services, and online advertising, offering comprehensive digital solutions to help brands grow and engage with their audiences effectively.

The proposed UAE subsidiary will provide services such as:

• Managing digital assets and social media presence
• Developing and executing integrated digital marketing campaigns
• Producing and curating high-quality content across formats
• Planning and delivering targeted online advertising across multiple platforms

Annual General Meeting

The company has scheduled its 14th Annual General Meeting (AGM) for September 22, to be conducted through video conferencing.

As ODigMa Consultancy Solutions continues to navigate the challenges posed by market conditions, its focus on innovative digital marketing solutions and expansion into new markets positions the company for potential growth in the coming quarters. Investors and industry observers will be keenly watching how the company leverages its gTLD business and new international ventures to drive future performance.