Wednesday, July 8th, 2020

Affle reports 34 per cent growth in PAT FY 2020

INVC NEWS  

Chennai,

Affle (India) Limited, a consumer intelligence driven global technology Company, announced the results for fourth quarter and financial year ended March 31, 2020.

12M FY2020 Highlights:

§  Revenue from Operations of Rs. 333.8 crores, an increase of 33.8% y-o-y 

§  EBITDA1 at Rs. 88.8 crores, an increase of 26.3% y-o-y

§  PAT at Rs. 65.5crores, an increase of 34.2% y-o-y

§  Operating cash flows of Rs. 73.0 crores, an increase of 52.8% y-o-y

Q4 FY2020 Highlights:

§  Revenue from Operations of Rs. 80.0crores, an increase of 32.3% y-o-y 

§  EBITDA1 at Rs. 21.1crores, an increase of 5.1% y-o-y

§  PAT at Rs. 15.3crores, an increase of 5.7% y-o-y

 

Consolidated Performance Highlights

 

 

 Adjusted for creditors written back in Q4 & 12M FY2020

Affle reported a consistent performance for FY2020 with a consolidated revenue from operations of Rs. 333.8crores, an increase in revenue by 33.8% y-o-y. EBITDA was at Rs.88.8crores, an increase of 26.3% y-o-y. PAT increased by 34.2% y-o-y to Rs. 65.5crores, and PAT margin at 19.3% for the year. For Q4 FY2020, consolidated revenue was at Rs. 80.0crores, an increase of32.3% y-o-y. PAT was Rs. 15.3crores, an increase of 5.7% y-o-y.

The CPCU business continueda growth momentum delivering a total of 7.23crore of converted users in FY2020, up 31.5% as compared to 5.50crore converted users delivered last year.The company generated robust operating cash flows of Rs. 73.0crores in FY2020, a 52.8% y-o-y growth from Rs. 47.8 crores in last year.

In Rs. Crore

Q4

FY2019

Q4

FY2020

Y-o-Y Growth

12M

FY2019

12M

FY2020

Y-o-Y Growth

Revenue from Operations

60.5

80.0

32.3%

249.4

333.8

33.8%

EBITDA

20.1

21.1

5.1%

70.3

88.8

26.3%

Profit After Tax

14.5

15.3

5.7%

48.8

65.5

34.2%

% PAT Margin

23.8%

18.3%

 

19.5%

19.3%

 

Commenting on the results, Anuj Khanna Sohum, the Chairman, MD and CEO of Affle said:

Built to Last! This is what best describes the fundamental DNA of our Company. Since 2005, Affle has successfully navigated several industry/technological changes by focusing on our strategic vision and financial fundamentals, ably guided by a committed leadership team. Affle achieved momentous progress across all the fronts in FY2020 and we are stronger than ever before to face the tough macroeconomic factors including the COVID-19 pandemic.

Affle continued its growth trajectory during the year where this growth was broad based coming from both existing and new customers, contributed by consistent growth in advertiser spends across industry verticals and across India and Other Emerging Markets. Looking forward, while the times are uncertain, we remain confident of the long term business prospects and are well positioned to navigate ahead to gain further market share. Affle remains committed to deliver new innovations and leverage capabilities to drive sustainable growth, while looking to invest in credible consolidation opportunities that shall enhance value for all our stakeholders.”

 

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