Affle India Q4FY22 PAT up 17.02% at Rs68.47 crore on as India EBIT growth slows down

17 May 2022 , 06:13 PM

Affle India Ltd reported 122.56% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs315.08 crore. On a sequential basis, revenues were lower for the quarter by -7.17%.

For full year FY22, the revenues were higher by 109% at Rs1,082 crore. For Q4FY22, there was a surge in international revenues by 79.9% at Rs211 crore on yoy basis.

During the same period, India sales revenues were up 49.5% at Rs108 crore. Net cash from operations more than doubled to Rs206 crore on the back of lower trade receivables and higher trade payables. During the year the face value of the stock was split from 10:2.

The consolidated net profit for Q4FY22 was up 17.02% at Rs68.47 crore while it was up on a sequential basis by 10.31%.

For Q4FY22, the international EBIT grew by 21.2% at Rs59.82 crore while the EBIT from India business grew by just about 16% at Rs18.74 crore.

Inventory and data costs more than doubled during the quarter putting pressure on the operating margins. Net margins were 21.73% in Q4FY22 quarter compared to 41.33% in Q4FY21. NPM was higher as compared to 18.29% in Q3FY22.

Financial highlights for Mar-22 compared yoy and sequentially

	Affle India
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 315.08	₹ 141.57	122.56%	₹ 339.40	-7.17%
Net Profit (Rs cr)	₹ 68.47	₹ 58.51	17.02%	₹ 62.07	10.31%
Diluted EPS (Rs)	₹ 5.18	₹ 4.60		₹ 4.69
Net Margins	21.73%	41.33%		18.29%