Omnicom Media Group posts total revenue of Rs 153 crore in FY21
The media agency’s net profit for the fiscal year stood at Rs 18.6 crore
The Omnicom Media Group (OMG) has posted a total revenue of Rs 153 crore for the fiscal ended March 31, 2021, which is a decrease of 7.83% from Rs 166 crore in the previous fiscal.
The company has reported a net profit of Rs 18.6 crore in FY 21 as compared to Rs 18.7 crore for the fiscal year ended March 31, 2020. This is a mere decline of 0.53%.
According to the company's financial data accessed by business intelligence platform Tofler, the total expenses stood at Rs 129 crore, a drop of 20.42% over Rs 144 crore for the fiscal ended March 31, 2020.
The company’s other income for the FY21 stood at Rs 16.7 crore as compared to Rs 23.50 crore in the previous fiscal year. The media agency’s total revenue from sale of services was Rs 136 crore as compared to Rs 142.33 crore for the year ended March 31, 2020.
Company’s total employee benefit expense has gone up by 3.78% to Rs 86. 72 crore against Rs 83.56 crore in FY 20.
e4m reached out to the company for an official statement, but OMG said it does not comment on financial reports.
Omnicom Media Group India Private Limited was incorporated in India on June 8, 1973. The company is a wholly owned subsidiary of TBWA India Private Limited and is in the business of providing media planning, buying, implementation and other related advertising/media services to its clients. The ultimate holding company is Omnicom Group Inc., USA. The group includes three full-service agency brands OMD, PHD, M2M Hearts, and Science apart from a suite of specialist media communication units.
