Monday, 9 November 2020

Affle reports strong performance

Affle reports strong performance
for Q2 & H1 FY2021

For Q2 FY2021 - Revenue growth of 59.3% | PAT growth of 72.5% (y-o-y)

Cash flows from Operations up 212.4% y-o-y for H1 FY2021

 

Affle (India) Limited, a consumer intelligence-driven global technology company, today announced results for the second quarter and six months ended September 30, 2020.

Consolidated Performance Highlights 

Q2 FY2021 Highlights (y-o-y):

§  Revenue from Operations of Rs. 135.0 crores, an increase of 59.3% y-o-y 

§  EBITDA at Rs. 34.4 crores, an increase of 58.2% y-o-y

§  PAT at Rs. 26.9 crores, an increase of 72.5% y-o-y

§  PAT margin up by 1.4% to reach 19.7% from 18.3% in Q2 last year

H1 FY2021 Highlights (y-o-y):

§  Revenue from operations of Rs. 224.7 crores, an increase of 41.1% y-o-y

§  EBITDA at Rs. 56.9 crores, up by 40.7% y-o-y

§  PAT at Rs. 45.7 crores, up by 58.6% y-o-y 

Affle reported a strong performance for Q2 FY2021 with a consolidated revenue from operations of Rs. 135.0 crores, an increase in revenue of 59.3% y-o-y from Rs. 84.7 crores in Q2 last year. EBITDA was at Rs. 34.4 crores, an increase of 58.2% y-o-y. PAT increased by 72.5% y-o-y to Rs. 26.9 crores from Rs. 15.6 crores in Q2 last year. PAT margin stood at 19.7% for the quarter, an expansion of 1.4% y-o-y. This growth has been broad-based coming from both CPCU business and Non-CPCU business, across both India & International markets.

For H1 FY2021, consolidated revenue was at Rs. 224.7 crores, an increase of 41.1% y-o-y. EBITDA was at Rs. 56.9 crores, an increase of 40.7% y-o-y. PAT increased by 58.6% y-o-y to Rs. 45.7 crores and PAT margin expanded by 2.0%. The company generated robust operating cash flow of Rs. 52.1 crores in H1 FY2021, an increase of 212.4% y-o-y.

The CPCU business continued the growth momentum delivering 2.81 crore of converted users in Q2 FY2021, an increase of 51.8% y-o-y and taking the total converted users delivered in H1 FY2021 to 4.51 crores. The top-10 industry verticals for the Company continued to be Covid-19 resilient, helping it register a robust growth in this quarter on a y-o-y basis.

In Rs. Crore

Q2

FY2021

Q2

FY2020

Y-o-Y Growth

Q1

FY2021

Q-o-Q

Growth

H1

FY2021

H1

FY2020

Y-o-Y Growth

Revenue

135.0

84.7

59.3%

89.8

50.3%

224.7

159.3

41.1%

EBITDA

34.4

21.7

58.2%

22.5

53.1%

56.9

40.4

40.7%

% EBITDA Margin

25.5%

25.7%


25.0%

 

25.3%

25.4%


Profit After Tax

26.9

15.6

72.5%

18.8

43.2%

45.7

28.8

58.6%

% PAT Margin

19.7%

18.3%


20.4%

 

20.0%

18.0%


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

“Q2 FY2021 was marked with accelerated business momentum. Changing macro landscape with greater consumer adoption of mobile & connected devices is increasingly driving the advertiser budget shifts towards ROI and data focused digital marketing. This is making Affle indispensable part of the mobile marketing ecosystem.

I am elated with our broad-based growth coming from the Top 10 resilient industry verticals and across India & International markets. We further enhanced our tech and product capabilities to address the changing technology landscape and drive digitally inclusive growth for our customers towards a ‘Mobile-First Connected World’. Affle2.0 strategy primarily anchored on 2Vs – Vernacular and Verticalization fortified our foundation, business moat and is guiding our culture resulting in long-term sustainable growth.

We are a differentiated business fundamentally inspired to deliver innovation-led profitable growth backed by prudent balance sheet and robust cashflows.  Affle remains committed and future-ready to leverage upon the new market dynamics while looking to invest in credible consolidation opportunities that shall enhance value for our stakeholders.”

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