Lytus Technologies Reports 24% H1 FY2025 Revenue Growth

Lytus Technologies Holdings PTV. Ltd. (NASDAQ: LYT), a leader in platform services and next-generation technology, today announced its consolidated financial results for the six months ended September 30, 2024, highlighting significant revenue growth and improved profitability.

- TBG NETWORK

Key Financial Highlights:

* Revenue Growth: Reported $12.01 million for the six months period ended September 30, 2024, representing a 24% increase compared to $9.66 million in the six months period ended September 30, 2023.

* Profit After Tax: Posted a net profit of $648,972, with a profit margin of 5.40% due to efficient cost management. It represents a 151% increase compared to a net loss of $1,281,940 in the six months period ended September 30, 2023.

* Cash Flow: Generated positive operating cash flow of $182,070.

* Total assets: Reported $34.17 million for the six months period ended September 30, 2024, an increase of 8.3% from $31.56 million in the six months period ended September 30, 2023.