Affle India Q1 Review - Result Beat On All Count, Conversions Business Sees Traction: Dolat Capital

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..Dolat Capital Report.Affle India Ltd. reported revenue growth of 7.7% QoQ (our estimate: 1.0% de-growth) led by continued traction in cost per converted user (CPCU) business which grew 9.2% QoQ while the non CPCU business declined by 1.0% QoQ.The conversions remained healthy at 31.5 million and CPCU rate inched up to Rs 42.Ebit margin declined 107 basis points QoQ to 19.6% (our estimate: 19.7%). The slight miss in margins was due to leadership and sales investment in international markets.Affle India reiterated that it is well positioned to navigate the privacy related concerns in the digital world and do not see any material threat from this as believes that consumers around the globe will opt-in to ensure free consumption of apps. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Affle India Q1 Review - Result Beat On All Count, Conversions Business Sees Traction: Dolat Capital

Affle India Q1 Review - Result Beat On All Count, Conversions Business Sees Traction: Dolat Capital

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