Affle (India) Limited, a consumer intelligence driven global technology company, announced the results for the quarter ended June 30, 2021.
Affle reported a strong performance for Q1 FY2022 with a consolidated revenue from operations of Rs. 152.5crores, an increase in revenue by 69.8% y-o-y. EBITDA was at Rs.35.1crores, an increase of 56.0% y-o-y. PAT increased by 57.2% y-o-y to Rs. 29.5 crores from Rs. 18.8 crores in Q1 last year. PAT margin stood at 18.8% for the quarter. The company reported robust operating cash flows of Rs. 39.6 crores during the quarter, achieving 134.2% of PAT as operating cash flows.
The CPCU business noted strong momentum delivering 3.1 crore of converted users in Q1 FY2022, an increase of 85.0% y-o-y. The top-10 industry verticals for the company continued to be resilient, helping it register a robust growth in this quarter.
| In Rs. Crore | Q1
FY2022 |
Q1
FY2021 |
Y-o-Y Growth |
| Revenue from Operations | 152.5 | 89.8 | 69.8% |
| EBITDA | 35.1 | 22.5 | 56.0% |
| Profit After Tax | 29.5 | 18.8 | 57.2% |
| % PAT Margin | 18.8% | 20.4% |
Commenting on the results, Anuj Khanna Sohum, the Chairman, MD and CEO of Affle said:
“The world is undergoing a paradigm shift with accelerated connected experiences redefining the digital priorities of the advertisers globally. Our growth mindset and tech innovations helped us achieve a consistent, all-round performance in Q1 FY2022.
I am elated with our broad-based growth coming from the top 10 resilient industry verticals and across India & International markets, driven by significant increase in the CPCU business. Continuing upon the previous year trend, this quarter too witnessed a persistent growth in advertiser spends towards the mobile marketing. We enhanced our platforms and product propositions while penetrating deeper across both new and existing markets.Alsoin this quarter, while India faced a devastating second wave of Covid-19, the resilient nature of our business enabled our positive growth trajectory. I am extremely grateful to our employees who not only ensured continuity of growth business plans but also helped the company provide support to local communities during such times of crisis.
We are optimistic of the industry macro-trends and future-ready to leverage upon new market dynamics & deliver sustainable growth to all our stakeholders.”