Affle India soars 6% after Q3 PAT more than doubles to Rs62.1cr

7 Feb 2022 , 12:17 PM

Affle (India) Limited, a consumer intelligence driven global technology company, on Saturday announced the results for the third quarter and nine months ended December 31, 2021.

Affle reported a strong performance for Q3FY22 with a consolidated revenue from operations of Rs339.4cr, an increase in revenue of 125.5% yoy from Rs150.5cr in Q3 last year. EBITDA was at Rs67.7cr, an increase of 76.4% yoy. Profit After Tax (PAT) increased by 102.6% yoy to Rs62.1cr from Rs30.6cr in Q3 last year. This growth was broad-based coming from both CPCU business and NonCPCU business, across India & International markets.

For 9MFY22, consolidated revenue was at Rs766.6cr, an increase of 104.3% yoy. EBITDA was at Rs154.8cr, an increase of 62.4% yoy. PAT increased by 90.6% yoy to Rs145.4cr and PAT margin stood at 18.0%.

The company stock was bullish on Monday despite bearish markets. At around 12.20 pm, Affle India Ltd was trading at Rs1,333.75 per piece up by Rs74.05 or 5.88% from its previous closing of Rs1,259.70 per piece on the BSE. The scrip opened at Rs1,385 and has touched a high and low of Rs1,385 and Rs1,312.10 respectively.

The CPCU business continued the growth momentum delivering 5.8 crores of converted users in Q3FY22, an increase of 91.2% yoy and taking the total converted users delivered in 9MFY22 to 13.9 crores. The top industry verticals for the company continued to be high growth, helping it register a strong performance in this quarter.

“We continue to witness a strong market opportunity and draw significant moat from our Affle2.0 strategic foundation laid out last year, anchored on the 2V – Vernacular & Verticalization strategy and our ecosystem level mobile OEM & Operator partnerships.

Building further upon our growth momentum, this quarter too witnessed a robust, broad-based uptick in advertiser spends towards the mobile marketing, coming across the top industry verticals and India & International markets. We unveiled our Affle2.0 Consumer Tech Platform Stack, with our product proposition and tech IP aligned to leverage upon the tremendous digital shift ongoing globally,” Anuj Khanna Sohum, the Chairman, MD and CEO of Affle said.

“The accelerated consumer adoption of connected devices offers a significant opportunity for further scale and we remain optimistic of the industry macro-trends. We will continue to augment our global market leadership and invest to achieve our collective vision of reaching 10bn connected devices in this decade ahead. Our proactive adoption of ESG fortifies our belief in holistic organizational progress leading to sustainable value creation for all our stakeholders,” he added.