Silly Monks Q4 Results : Reports net profit at ₹23 lakh; revenue rises to ₹5.36 crore; posts loss for the full year; launches ESOPs

Silly Monks, a small-cap listed company on the NSE engaged in digital entertainment and content distribution, has reported a turnaround after four ‘challenging years’. The company reported a net profit of ₹23 lakh in the fourth quarter ended March 31, 2024, as against a loss of ₹3.81 crore in the same quarter previous year. It registered a revenue of ₹5.36 crore (₹3.21 crore) in the quarter.

For the full year, it reported a loss of ₹0.21 lakh as against a loss of ₹4.59 crore on a revenue of ₹22.23 crore (₹19.57 crore).

“The turnaround highlights the success of our restructuring and resource optimisation efforts,” Sanjay Reddy, Co-founder, Managing Director of Silly Monks, said in a statement on Wednesday.