Affleâ€™s Q1FY22 revenue grows 69.8%; net profit up 57.2%

Affle (India) Limited, a consumer intelligence driven global technology company, has reported a strong performance for the first quarter ended June 30, 2021, with a consolidated revenue from operations of Rs 152.5 crore, an increase in revenue by 69.8% y-o-y. EBITDA was at Rs 35.1 crore, an increase of 56.0% y-o-y. Profit after tax (PAT) increased by 57.2% y-o-y to Rs 29.5 crore from Rs 18.8 crore in Q1 FY2021. PAT margin stood at 18.8% for the quarter. The company reported robust operating cash flows of Rs 39.6 crore in Q1 FY2022, achieving 134.2% of PAT as operating cash flows.

Consolidated Performance Highlights:

Q1 FY2022 Highlights (y-o-y):

§ Revenue from Operations of Rs. 152.5crores, an increase of 69.8% y-o-y

§ EBITDA at Rs. 35.1 crores, an increase of 56.0% y-o-y

§ Profit After Tax (PAT)¹at 29.5 crores, an increase of 57.2% y-o-y

Q1 FY2022 Highlights (q-o-q):

§ Revenue up by 7.7% q-o-q

§ PAT¹ up by 11.2% q-o-q

Note: 1. PAT is normalized for exceptional gain in Other Income (across the document)

The CPCU business noted strong momentum delivering 3.1 crore of converted users in Q1 FY2022, an increase of 85.0% y-o-y. The top-10 industry verticals for the company continued to be resilient, helping it register a robust growth in this quarter.

In Rs. Crore	Q1 FY2022	Q1 FY2021	Y-o-Y Growth
Revenue from Operations	152.5	89.8	69.8%
EBITDA	35.1	22.5	56.0%
Profit After Tax	29.5	18.8	57.2%
% PAT Margin	18.8%	20.4%

Commenting on the results, Anuj Khanna Sohum, Chairman, MD and CEO of Affle, said, “The world is undergoing a paradigm shift with accelerated connected experiences redefining the digital priorities of the advertisers globally. Our growth mindset and tech innovations helped us achieve a consistent, all-round performance in Q1 FY2022. Continuing upon the previous year trend, this quarter too witnessed a persistent growth in advertiser spends towards the mobile marketing. We enhanced our platforms and product propositions, while penetrating deeper across both new and existing markets. Also, in this quarter, while India faced a devastating second wave of COVID-19, the resilient nature of our business enabled our positive growth trajectory.”

“We are optimistic of the industry macro-trends and future-ready to leverage upon new market dynamics and deliver sustainable growth to all our stakeholders,” he concluded.