Affle sees 103.6% growth in Q2 FY22 revenue at Rs 274.7 cr; PAT up 77.1%

Affle (India) Limited, a consumer intelligence driven global technology company, reported a strong performance for the second quarter ended September 30, 2021, with consolidated revenue from operations of Rs 274.7 crore, an increase in revenue of 103.6% y-o-y from Rs 135.0 crore in Q2 last year. EBITDA was at Rs 52.1 crore, an increase of 51.1% y-o-y. Profit after tax (PAT) increased by 77.1% y-o-y to Rs 47.6 crore from Rs 26.9 crore in Q2 last year. This growth was broad-based coming from both CPCU business and Non-CPCU business, across both India and International markets.

For H1 FY2022, consolidated revenue stood at Rs 427.2 crore, an increase of 90.1% y-o-y. EBITDA was at Rs 87.1 crore, an increase of 53.1% y-o-y. PAT increased by 82.5% y-o-y to Rs 83.3 crore, while PAT margin stood at 18.3%.

The CPCU business continued the growth momentum, delivering 4.9 crores of converted users in Q2 FY2022, an increase of 73.3% y-o-y and taking the total converted users delivered in H1FY2022 to 8.0 crore. The top industry verticals for the company continued to be high growth, helping it register a robust performance in this quarter.

Commenting on the results, Anuj Khanna Sohum, Chairman, MD and CEO of Affle, said, “We continue to witness a strong market opportunity with advertisers consistently accelerating their digital spends, resulting in a persistent, broad-based growth across our top industry verticals coming from both India and International markets. This was another strong quarter with momentous growth anchored on our unique CPCU business model and our position in the ecosystem as the preferred mobile marketing company across global emerging markets and beyond. During the quarter, we further enhanced our platforms, product propositions as well as tech IP portfolio, penetrating deeper across both new and existing markets. We are a differentiated business fundamentally inspired to deliver innovation-led profitable growth backed by sustained investments in augmenting our strategic defensibility globally, prudent balance sheet and robust cashflows.”

He further said, “We are optimistic of the industry macro-trends and look forward to driving a sustainable business impact for all our stakeholders.”