Affle reports strong performance for Q2 & H1 FY2021

November 9, 2020 team Business Comments Off

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 crores 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 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 the 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 cash flows. Affle remains committed and future-ready to leverage upon the new market dynamics while looking to invest incredible consolidation opportunities that shall enhance value for our stakeholders.”