Omnicom Media Group posts total revenue of Rs 153 crore in FY21

Omnicom Media Group (OMG) recorded total revenue of Rs 153 crore for the financial year ended March 31, 2021, down 7.83% from Rs 166 crore in the previous financial year.

The company reported net profit of Rs 18.6 crore in FY21, compared to Rs 18.7 crore for the fiscal year ended March 31, 2020. This is a mere drop of 0.53 %.

According to the company’s financial data accessible by business intelligence platform Tofler, total expenditure stood at Rs 129 crore, down 20.42% from Rs 144 crore for the financial year ended. March 31, 2020.

The company’s other income for FY21 was Rs 16.7 crore compared to Rs 23.50 crore in the previous fiscal year. The media agency’s total revenue from the sale of services was Rs 136 crore compared to Rs 142.33 crore for the financial year ended March 31, 2020.

The company’s total expenditure on benefits increased by 3.78% to Rs 86.72 crore from Rs 83.56 crore in FY20.

e4m has contacted the company for an official statement, but has yet to hear back.

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 provides planning, buying, implementation and other advertising services /related media to its customers. The ultimate holding company is Omnicom Group Inc., USA. The group comprises three full-service agency brands OMD, PHD, M2M Hearts and Science, as well as a suite of specialist media communications units.

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