Digital marketing services firm RK Swamy expects strong fourth quarter performance [Video]

Shekar Swamy, Group Chief Executive Officer at RK Swamy expects the company to report a healthy set of numbers in the March quarter.

“We are having a good surge in Q4. So I think we are in for a good year this year,” Shekar said while refraining from sharing any projections.

However, the company typically earns around 40% of its revenue in the first half of the year and 60% in the second half.

Given the first half revenue was at ₹141 crore, the company is projected to end FY24 at around ₹340-350 crore. 

The integrated marketing services company which provides research and data analytics, also saw a decline in average revenue per client during April-December 2023, while the client concentration increased.

The top 10 clients contributed to approximately half of the revenue in the first half of current financial year from 42% last year.

However, the average revenue per client during the period dropped by 42% to ₹7 crore, down from …