Update
Q1 FY 2022-23 Numbers
Affle (India) Limited – a consumer intelligence driven global technology company, today announced the results for the quarter ended June 30, 2022.
Revenue
The Company reported a strong performance for Q1 FY2023 with consolidated revenue from operations stood at INR 347.5 Cr for the period ended 30 June 2022, an increase of 127.9% Y-O-Y from revenue of INR 152.5 Cr in Q1 last year,
While the quarter-on-quarter revenue of the company grew by 10.32% (revenue of INR 315 Cr for the quarter ended 31 March 2022)
According to the management, The CPCU business (Cost per Converted User) noted strong momentum for the company delivering 6.2 crores of converted users in Q1 FY2023, an increase of 96.7% y-o-y.
Read more about affle india business model
Total Expenses of the Company –
INR 290.29 Cr as on 30 June 2022,
INR 124 Cr as on 30 June 2021,
INR 267.66 Cr as on 31 March 2022
EBITDA (earnings before interest, taxes, depreciation, and amortization) of the company was at INR 68.7 crores, an increase of 95.9% Y-O-Y basis.
The Company’s Profit After Tax (PAT) increased by 93.5% year-on-year basis to INR 55.2 Cr as compared to INR 28.5 Cr in Q1 last year.
Top Read: Nifty prediction for August 2022
During the period, the company reported operating cash flows of INR 55.2 crores, achieving 99.9% of profit after tax as operating cash flows.
MD & CEO Speech –
Commenting on the results, Anuj Khanna Sohum said, “As we commemorate the 3rd anniversary of our IPO on 08.08.22, (details of affle india ipo) we are elated to close yet another quarter of momentous growth having achieved our highest quarterly revenue run-rate ever in Q1 FY2023. We continued to leverage upon the market opportunity drawing significant moat from our entrepreneurial culture, tech innovations and sustainable value creation powered by Affle2.0 Consumer Platform Stack.
During the quarter, Affle was awarded Data Protection Trustmark (DPTM) certification for a period of three years by IMDA Singapore, making us part of a selective group of companies that made it to the DPTM and is a significant validation of our Affle2.0 strategy.
We further enhanced our platforms while penetrating deeper across both new and existing markets as well as further verticalizing our capabilities towards high-growth emerging industry verticals. We are a differentiated business fundamentally inspired to deliver deep tech powered futuristic use cases and innovation-led profitable growth, further augmenting our global market position.
We remain optimistic of the industry trends and committed to driving a sustainable business impact for all our stakeholders.”
Daily Chart –
affle india share closed at INR 1100 on last Friday with a volume of 2,55,845 shares on the National Stock Exchange.
The shares of Affle India Limited are currently trading at 27% below when compared to its 52-week high of INR 1511.
Final Comment: The Company has posted a good set of numbers when compared to Y-O-Y basis and a mixed set when compared to Q-O-Q basis. Affle India likely to do well going ahead because of having a dominant position in the segment it is operating (as far as India is concern) and a couple of recent acquisition. Finblab maintains a positive view on the company.
Also Read: Q1 FY23 numbers Apex Frozen Foods
8 August 2019
Update
Affle (India) Limited debuts with double digit premium –
Shares of mobile marketing company Affle (India) Limited, on August 8, zoomed nearly 17.5% in its debut trade against the issue price of INR 745 per share.
The stock made a strong debut as it opened the day at INR 929.90, a massive gain of 24.81% from its issue price on the BSE.
During the day, it rallied 28.63% to INR 958.30. The stock finally closed 17.46% higher at INR 875.10.
On the NSE, shares jumped 15.16% to close at INR 858.
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Affle (India) Limited – a mobile marketing firm offering a Consumer and Enterprise Platforms is planning to raise INR 459 Cr via IPO [Fresh Issue (INR 90 Cr) and Offer for Sale (INR 366.52 Cr – 369 Cr)]
Affle (India) Limited: Company Profile & Business
Founded in the year 2005, Affle (India) Limited is a global technology company with a proprietary consumer intelligence platform that delivers consumer engagements, acquisitions and transactions through relevant Mobile Advertising.
The platform aims to enhance returns on marketing investment through contextual mobile ads and also by reducing digital ad fraud.
The Company’s Consumer Platform is used by business to consumer (B2C) companies across industries, including e-commerce, fin-tech, media, telecom, retail and FMCG companies, both directly and indirectly through their advertising agencies.
Affle (India) uses user-intent indicators based on transactional data, marketing attribution and behavioural signals. Based on such information, the company predicts the likely interest of the user.
It keeps on updating the system based on data to improve consumer engagement and enable consumer actions. The company runs the campaigns on data intelligence basis to drive high volumes at an efficient price.
While Affle’s Consumer platform is used primarily by online & app companies for mobile advertising & monetization, its Enterprise platform helps offline companies to go online through platform-based app development, enablement of O2O commerce and customer data platform.
The Company have three registered patents in the United States with multiple patent claims in areas of advertising via data communication clients, online search system, method and computer programme and method and system for extending the use and / or application of messaging system.
Company “STRENGTHS”
- Leading position in India; a high growth market with substantial barriers to entry
- Proven international track record
- Profitable, low-cost business model built on an asset light, automated and scalable platform
- Growth driven, global customer base
- Addressing digital fraud and data safety issues that are prevalent in the industry
- Experienced and dedicated Key Management Personnel
Company Promoters
The promoters of the company are Anuj Khanna Sohum and Affle Holdings
IPO Details – Price, Minimum Bid and Other
Affle (India) – Financials
CONCLUSION –
Considering the company’s valuation and financial parameters, FinBlab recommends AVOID ratings on Affle (India) Limited IPO
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