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ICICI Direct: Affle India Posts Robust Set Of Q2 Numbers On Organic Front

ICICI Direct: Affle India Posts Robust Set Of Q2 Numbers On Organic Front

A stream of binary coding, text or computer processor instructions, is seen displayed on a laptop computer. (Photographer: Chris Ratcliffe/Bloomberg)  
A stream of binary coding, text or computer processor instructions, is seen displayed on a laptop computer. (Photographer: Chris Ratcliffe/Bloomberg)  

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 50.3% QoQ) to Rs 135 crore mainly led by healthy growth in organic revenues (up 21% YoY) and inorganic revenues (at Rs 32 crore).

Adjusted Ebitda margins were largely flat YoY (up 50 basis points QoQ) to 25.5%.

Profit after tax margins were at 19.9% while profit after tax was up 73% YoY mainly led by lower tax expenses and higher other income.

Click on the attachment to read the full report:

ICICI Direct Affle India Company Update.pdf

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