Foolish Monks This fall Outcomes: Experiences web revenue at ₹23 lakh; income rises to ₹5.36 crore; posts loss for the complete yr; launches ESOPs

Foolish Monks, a small-cap listed firm on the NSE engaged in digital leisure and content material distribution, has reported a turnaround after 4 ‘difficult years’. The corporate reported a web revenue of ₹23 lakh within the fourth quarter ended March 31, 2024, as in opposition to a lack of ₹3.81 crore in the identical quarter earlier yr. It registered a income of ₹5.36 crore (₹3.21 crore) within the quarter.

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For the complete yr, it reported a lack of ₹0.21 lakh as in opposition to a lack of ₹4.59 crore on a income of ₹22.23 crore (₹19.57 crore).

“The turnaround highlights the success of our restructuring and useful resource optimisation efforts,” Sanjay Reddy, Co-founder, Managing Director of Foolish Monks, stated in a press release on Wednesday.

The corporate was a digital advertising and marketing accomplice for movies comparable to KGF, KGF – 2, Kantara, and Salaar. Additionally it is working for Kalki 2898 – A.D., a Prabhas-starrer movie slated for launch subsequent month.

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“We launched an ESOP scheme to align worker pursuits with its progress trajectory to empower its workforce and domesticate a tradition of buyer centricity. The ESOPs will likely be 5 per cent of the entire share capital,” he stated.