For Q3 FY2021 – Revenue growth of 59.3% | PAT growth of 42.9% (y-o-y)
For 9M FY2021 – Revenue growth of 47.9% | PAT growth of 51.9% (y-o-y)
February 8, 2021: Affle (India) Limited, a consumer intelligence-driven global technology Company, today announced results for the third quarter and nine months ended December 31, 2020.
Affle reported performance for Q3 FY2021 with a consolidated revenue from operations of Rs. 150.5 crores, an increase in revenue of 59.3% y-o-y from Rs. 94.5 crores in Q3 last year. EBITDA was at Rs. 38.4 crores, an increase of 40.5% y-o-y. PAT increased by 42.9% y-o-y to Rs. 30.6 crores from Rs. 21.4 crores in Q3 last year. PAT margin stood at 20.2% for the quarter. This growth was broad-based coming from both CPCU business & non-CPCU business and Q3 continued to be the highest quarter in the year on account of business seasonality.
For 9M FY2021, consolidated revenue was at Rs. 375.2 crores, an increase of 47.9% y-o-y from Rs. 253.8 crores in 9M last year. EBITDA was at Rs. 95.3 crores, an increase of 40.6% y-o-y. PAT increased by 51.9% y-o-y to Rs. 76.3 crores and PAT margin expanded by 0.45%. The company generated robust operating cash flows of Rs. 78.7 crores, an increase of 117.8% y-o-y.
The CPCU business noted strong momentum delivering 3.1 crores of converted users in Q3 FY2021, an increase of 46.1% y-o-y, and taking the total converted users delivered in 9M FY2021 to 7.6 crores. The top-10 industry verticals for the Company continued to be Covid-19 resilient, helping it register robust growth in this quarter both on a y-o-y and q-o-q basis.
| In Rs. Crore | Q3
FY2021 | Q3
FY2020 | Y-o-Y Growth | Q2
FY2021 | Q-o-Q
Growth | 9M
FY2021 | 9M
FY2020 | Y-o-Y Growth |
| Revenue | 150.5 | 94.5 | 59.3% | 135.0 | 11.5% | 375.2 | 253.8 | 47.9% |
| EBITDA | 38.4 | 27.3 | 40.5% | 34.4 | 11.6% | 95.3 | 67.7 | 40.6% |
| % EBITDA Margin | 25.5% | 28.9% | 25.5% | 25.4% | 26.7% | |||
| Profit After Tax | 30.6 | 21.4 | 42.9% | 26.9 | 14.0% | 76.3 | 50.2 | 51.9% |
| % PAT Margin | 20.2% | 22.3% | 19.7% | 20.0% | 19.6% |
Commenting on the results, Anuj Khanna Sohum, the Chairman, MD and CEO of Affle said:
“Innovation, leadership and growth mindset defined our sustainable, consistent all-round performance in Q3 FY2021. We are in multi-year technology transformation period of accelerated consumer adoption of mobile & connected devices globally. The consumer trends offer a tremendous opportunity for further scale, ensuring the digital ad spends will continue to increase towards ROI and data-focused mobile marketing platforms.
Affle delivered broad-based growth from both existing and new customers, across the key industry verticals in India & other emerging markets. Our relentless focus on R&D, security, and scalability resulted in Affle’s platforms getting accredited under the Accreditation@SGD program for the 3rd consecutive time by the Infocomm Media Development Authority (IMDA), Singapore. We further fortified Affle2.0 strategy anchored on Vernacular, Verticalization, and ecosystem-level partnerships to augment our global market leadership and bring world-class technology capabilities together.
We are optimistic of the year 2021 and committed to our vision of reaching over 10Bn connected devices in this decade ahead.”