Brand Concepts Limited has announced its standalone and consolidated audited financial results for the quarter and year ended March 31, 2024. The company reported a total consolidated revenue of ₹25,200.18 lacs for the year ended March 31, 2024, a significant increase from ₹16,359.99 lacs in the previous year.

Consolidated net profit after tax for the year stood at ₹1,095.85 lacs, compared to ₹1,003.85 lacs in the prior year. For the quarter ended March 31, 2024, consolidated revenue was ₹6,594.11 lacs, with a net profit of ₹306.16 lacs.

On a standalone basis, total revenue for the year ended March 31, 2024, was ₹25,062.22 lacs, and the net profit was ₹1,095.85 lacs. For the quarter ended March 31, 2024, standalone revenue was ₹5,811.32 lacs, and the net profit was ₹467.23 lacs.

The Board of Directors has also approved a Scheme of Amalgamation with M/s IFF Overseas Private Limited. The scheme has been approved by the stock exchanges and will be submitted to the National Company Law Tribunal (NCLT) for sanction. The proposed appointed date for the amalgamation is April 1, 2024.

The company's financial results were reviewed by the Audit Committee and approved by the Board of Directors on May 28, 2024.