Affle reports strong performance for Q4 & 12M FY2021

New Delhi :

Affle (India) Limited, a consumer intelligence driven global technology company, today announced the results for fourth quarter and financial year ended March 31, 2021.

Q4 FY2021 Highlights:

§  Revenue from Operations of Rs. 141.6 crores, an increase of 76.9% y-o-y 

§  EBITDA1 at Rs. 34.5 crores, an increase of 63.4% y-o-y

§  PAT (normalized for exceptional items) at Rs. 26.5 crores, an increase of 73.6% y-o-y

12M FY2021 Highlights:

§  Revenue from Operations of Rs. 516.8 crores, an increase of 54.8% y-o-y 

§  EBITDA1 at Rs. 130.0 crores, an increase of 46.4% y-o-y

§  PAT (normalized for exceptional items) at Rs. 103.1 crores, an increase of 57.4% y-o-y

Consolidated Performance Highlights

1. Creditors written back (Operating Income in nature) adjusted in EBITDA

Affle reported strong performance for Q4 FY2021 with a consolidated revenue from operations of Rs. 141.6 crores, an increase of 76.9% y-o-y from Rs. 80.0 crores in Q4 last year. EBITDA was at Rs. 34.5 crores, an increase of 63.4% y-o-y. PAT (normalized for exceptional items) increased by 73.6% y-o-y to Rs. 26.5 crores from Rs. 15.3 crores in Q4 last year. Normalized PAT margin stood at 18.5% for the quarter. This growth was broad-based coming from both CPCU business & non-CPCU business.

For 12M FY2021, consolidated revenue from operations was at Rs. 516.8 crores, an increase of 54.8% y-o-y from Rs. 333.8 crores in 12M last year. EBITDA was at Rs. 130.0 crores, an increase of 46.4% y-o-y. PAT (normalized for exceptional items) increased by 57.4% y-o-y to Rs. 103.1 crores and PAT margin expanded by 0.4%. The company reported robust operating cash flows of Rs. 101.6 crores, an increase of 41.4% y-o-y.

The CPCU business noted strong momentum delivering 3.0 crore of converted users in Q4 FY2021, an increase of 81.7% y-o-y and taking the total converted users delivered in 12M FY2021 to 10.5 crores. The top-10 industry verticals for the Company continued to be Covid-19 resilient, helping it register a robust growth in this quarter.

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

“FY2021 was a landmark year for Affle. We successfully laid Affle2.0 strategic foundation for the decade ahead anchored on our 2V - Vernacular & Verticalization strategy and our ecosystem level mobile OEM & Operator partnerships. We further fortified our tech platforms, products and IP portfolio and strengthened our leadership position as the partner of choice for global brands and app marketers powering their mobile-first digital transformation journey.

Affle delivered broad-based growth from both existing & new customers across the Top 10 resilient industry verticals. This was contributed by consistent growth in advertiser spends across India and other emerging markets.

We remain in deep gratitude to our team and all other stakeholders whose endless support even in Covid times led to our all-round consistent performance. Affle has been highly responsive in ensuring its employees safety while promoting a strong entrepreneurial and collaborative culture. Our outlook for FY2022 is optimistic and we are strongly positioned to leverage the new market dynamics and invest in credible consolidation opportunities.” /(May 29, 2021)