Wednesday, 12 August 2020

Affle reports strong performance for

Affle reports strong performance for
Q1 FY2021
Revenue growth of 20.4% (y-o-y) | PAT growth of 42.3% (y-o-y)
 

Affle (India) Limited, a consumer intelligence driven global technology Company, today announced the results for the quarter ended June 30, 2020. 

Affle reported a strong performance for Q1 FY2021 with a consolidated revenue from operations of Rs. 89.8 crores, an increase in revenue by 20.4% y-o-y. EBITDA was at Rs. 22.5 crores, an increase of 20.3% y-o-y. PAT increased by 42.3% y-o-y to Rs. 18.8 crores, and PAT margin stood at 20.4% for the quarter, an expansion of 2.7% from Q1 last year. This growth has been broad-based coming from both CPCU business and Non-CPCU business. The CPCU business continued its positive momentum delivering a total of 1.7 crore of converted users in Q1 FY2021.

The top-10 industry verticals for the Company have been Covid-19 resilient, helping it register a robust growth in this quarter on both year-on-year basis and sequential basis (q-o-q).

Commenting on the results, Anuj Khanna Sohum, the Chairman, MD and CEO of Affle said:

"08.0820 is our 1st IPO anniversary since Affle competed its successful IPO anniversary since Affle competed its successful IPO in India. We achieved momentous progress in FY2020 and we would like to thank our shareholders for their continued trust in us. Our Affle 2.0 strategic initiatives have strengthened the foundations for our long term sustainable growth

The resilent nature of our business enabled our continued growth trajectory in Q1FY2021 with stranger demand in June from both India nd International markets across industry verticals. The lockdowns have helped to accelerate the consumer adoption of mobile apps and online services in India and we are well-positioned ot benefit fromt his trend. 

Affle remains committed to deliver new Innovations and leverge capabilities, sustainable growth, while looking to invest in credible consolidation opportunities enahance value for our stakeholders
In Rs. Crore
Q1
FY2021
Q1
FY2020
Y-o-Y Growth
Revenue from Operations
89.8
74.6
20.4%
EBITDA
22.5
18.7
20.3%
Profit After Tax
18.8
13.2
42.3%
% PAT Margin
20.4%
17.6%

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