| FY26 Revenue | ₹155.43 CrAnnual performance |
|---|---|
| Market Cap | ₹746.35 CrAdvertising & Media |
| PE TTM | 31.04xSector PE 27.69x |
| RSI | 49.54Neutral momentum |
Key highlights
- Received BSE in-principle approval for migration from the SME platform to the Main Board
- NSE Main Board listing officially scheduled for November 6, 2026
- Reported FY26 total revenue of ₹155.43 crore with a net profit of ₹24.05 crore
- BSE trading symbol scheduled to change to BRIGHTOUTD effective November 5, 2026
- Operates an extensive network of 1,350+ hoardings and 50+ digital LED billboards in Mumbai
Transition from SME to Main Board Listing
Bright Outdoor Media Limited has achieved a significant regulatory milestone with the receipt of in-principle approval from the BSE to migrate its equity shares from the SME platform to the Main Board. This transition is further reinforced by the scheduled listing of the company's shares on the Main Board of the National Stock Exchange of India on November 6, 2026. This move marks a major evolution for the company, which holds the distinction of being the first out-of-home advertising entity to list on an Indian exchange, following its initial public offering in March 2023.
The migration is expected to enhance the company's visibility among institutional investors and provide a broader capital markets platform for future growth.
Financial Performance and Strategic Growth Initiatives
The company reported robust financial results for the full year ended March 31, 2026, with total revenue reaching ₹155.43 crore and a net profit of ₹24.05 crore. EBITDA for the same period stood at ₹35.23 crore. These results are supported by a diversified advertising inventory that includes over 1,350 traditional hoardings and more than 50 large-format digital LED billboards across strategic locations in Mumbai.
To sustain this momentum, the company has launched Bright 360, an initiative designed to offer integrated, end-to-end branding solutions. Management had previously guided for revenue growth of 40% to 45% for FY26, driven by a focus on high-impact transit advertising and digital network expansion.
Infrastructure Projects and Sustainable Advertising
- Secured a ₹60.00 crore seven-year exclusive contract for Western Railways bulk advertising rights
- Awarded advertising tenders for the Navi Mumbai Metro Line to strengthen transit presence
- Pioneered sustainability as the first company globally to install solar panels on hoardings for Indian Railways
- Manages premium inventory at the Vile Parle to Kandivali Railway Road Over Bridge through Indian Railways
- Expansion of digital inventory to include more than 50 large-format billboards across Mumbai
Management Vision on Main Board Milestone
Today, the in-principle approval received from BSE for migration to its Main Board, together with our upcoming NSE Main Board listing scheduled for November 6, 2026, marks another significant milestone in this journey. It is a proud moment for the entire Bright family and a reflection of the collective efforts of our team, clients and all those who have supported us along the way.
| Date | Announcement | Amount |
|---|---|---|
| 17 Oct 2026 | Expansion of advertising network adding 22 new sites and 104 displays across Mumbai MMRSource: BSE filing | – |
| 16 Oct 2026 | Approval of unaudited financial results for the half year ended 30 September 2026Source: BSE filing | – |
| 12 Jun 2026 | Board approval for migration from BSE SME platform to the Main Boards of BSE and NSESource: multibagg.ai | – |
| 21 Jul 2025 | Board approved allotment of 7,274,386 bonus equity shares in 1:2 ratioSource: steelcitynettrade.com | – |
| 20 Feb 2025 | Board to consider investment and acquisition opportunities in the advertising industrySource: zerodha.com | – |
| 27 Dec 2024 | Award of 7-year exclusive Western Railways bulk advertising rights contract across 11 sitesSource: aninews.in | ₹60.00 Cr |
What to watch next
- NSE Main Board listing scheduled for November 6, 2026
- BSE trading symbol change to BRIGHTOUTD effective November 5, 2026
- Execution of the ₹60.00 crore Western Railways contract through the 2025-2031 tenure
- Revenue contribution from the Bright 360 vertical in the H2 FY27 financial results
“Our listing on the BSE SME Platform on March 24, 2023, as the first OOH company to get listed on the stock exchange, was an important beginning. Since then, we have continued to move forward, achieving one milestone after another through business expansion, new project wins, strengthening of our advertising inventory and the introduction of integrated solutions through Bright 360.”
| Share price | ₹342 |
|---|---|
| Market capitalisation | ₹746.35 Cr |
| Revenue (annual) | ₹153.03 Cr |
| Net profit (annual) | ₹24.05 Cr |
| P/E (TTM) | 31.04×Sector 27.69× |
| Promoter holding | 70.11% |
| FII holding | 7.05%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Bright Outdoor Media Limited announcing the receipt of in-principle approval for migration to the BSE Main Board and upcoming NSE listing. Market figures from a third-party data provider.
