Affle India - Long Term Growth Trend Continues To Be Healthy: ICICI Direct 

Affle India - Long Term Growth Trend Continues To Be Healthy: ICICI Direct 

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Affle India Ltd.’s revenues increased 59.3% YoY (up 11.5% QoQ) to Rs 150.5 crore, mainly led by healthy growth in organic revenues (up 21% YoY) and inorganic revenues (at Rs 36 crore).

Ebitda margins were down 340 basis points YoY (flat QoQ) to 25.5%. Profit after tax was up 42.9% YoY to Rs 30.6 crore due to a lower tax rate.

The Indian region is expected to increase at 30% compound annual growth rate in the next five years led by increasing smart phone penetration and rising online shoppers from (120 million to 450 million CAGR of 24% over next five years).

Click on the attachment to read the full report:

ICICI Direct Affle Company Update.pdf

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