Affle India - Strong Organic Performance: ICICI Direct

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Affle India - Strong Organic Performance: ICICI Direct


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 rose 76.9% YoY (down 5.9% QoQ due to seasonally weak quarter) to Rs 141.6 crore, mainly led by healthy growth in organic revenues (up 45% YoY), inorganic revenues (at Rs 25.5 crore).

Ebitda margins were down 201 basis points YoY (115 basis points QoQ) to 24.4%.

Profit after tax was up from Rs 15.3 crore in Q4 FY20 to Rs 58.5 crore in Q4 FY21 due to one off other income of Rs 34 crore.

Normalised profit after tax was up 73.6% YoY to Rs 26.5 crore.

Click on the attachment to read the full report:

ICICI Direct Affle Company Update.pdf


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