Cyber Media Research & Services LtdQ3 FY23

Cyber Media Research & Services Ltd Q3 FY23 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹70.2P/E: 5.1Market Cap: ₹21 CrSector: Media

Management growth scorecard

Revenue

Category 2

Margin

Category 1

Fundraise

N/A

Order

Yes

Capex

Yes

3 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 2
  • CMRSL expects strong growth in line with or ahead of industry trends, leveraging opportunities in both domestic and international markets.
  • Transitioning from service-oriented to higher-margin product-oriented business to drive improved margins and growth.
  • Targeting three-digit crore revenue by FY25-26, supported by IPO fund utilization in technology enhancement and go-to-market expansion.
  • International markets such as the US, Australia, New Zealand, Singapore, and the Middle East are key focus areas for growth.
  • Emphasis on cross-sell and upsell strategies to increase revenue per customer and onboard new customers preferring product offerings.
  • Anticipate doubled product revenue year-on-year, with product revenues growing faster than services.
  • Expansion of technology platforms (CMGalaxy, CyberAds, Auxo Ads) to add functionalities and revenue streams.
  • Exploring inorganic growth opportunities cautiously to create multiplier effects.
  • Aiming for consistent double-digit margins as product revenues scale up and operational efficiencies improve.

See what Cyber Media Research & Services Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

  • The company is currently focusing on utilizing the IPO funds for technology expansion, go-to-market resources, and potential new projects aimed at organic and inorganic growth.
  • They are exploring inorganic growth opportunities through acquisitions but are cautious to ensure these opportunities are at the right price and provide multiplier effects.
  • There is no specific mention of new fundraising through debt or equity in the discussed call.
  • Post-IPO, the company has settled all contingent liabilities, strengthening its financial position.
  • The company appears to be focusing on utilizing existing funds efficiently rather than raising immediate additional capital.

See what Cyber Media Research & Services Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes
  • Cyber Media Research & Services Limited has earmarked funds for new projects and inorganic growth as per their Red Herring Prospectus (RHP).
  • The company is actively exploring acquisition opportunities but remains cautious to ensure acquisitions provide multiplier effects rather than just additive growth.
  • Funds from the IPO are being utilized to expand technology and go-to-market resources, aimed at driving future growth.
  • Technology investments have mostly been expensed as revenue expenditure, with minimal capitalization, positioning the company to achieve improved margins as these investments mature.
  • No specific ongoing or committed capex figures mentioned; focus is more on strategic investments in technology and potential inorganic growth opportunities.
  • IPO funds utilization is underway and expected to show results in coming quarters and years.

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How does Cyber Media Research & Services Ltd rank vs peers in Media?

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