Affle India in good books

about 11 months ago
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Affle India is among the best stocks to give fantastic returns on an IPO. It had got listed in Aug’19 and its IPO price was Rs.745. Well, on Friday it had closed at Rs.2814.40 and today, its opened at its intraday high of Rs.2950, up 4.5%. Its 52-week high is at Rs.3143 and even the low is over and above the IPO price at Rs.908.95.

The company declared its earnings for Q2FY21 on Saturday and it did not disappoint.  Its consolidated net profit rose 72.5% (YoY) to Rs.27 crore on a 59% jump on revenue from operations at Rs.135 crore.

EBITDA rose 58% to Rs.34 crore though growth in margin was marginal at 25.7% v/s 25.5%. This growth has been broad-based coming from both CPCU business and Non-CPCU business, across both India & International markets. The CPCU business continued the growth momentum delivering 2.81 crore of converted users in Q2 FY2021, an increase of 52% and taking the total converted users delivered in H1 FY2021 to 4.51 crores.

This pandemic has proven to be boom time for this company, which is engaged in B2C digital advertising services in the mobile space. Changing macro landscape with greater consumer adoption of mobile & connected devices is increasingly driving the advertiser budget shifts towards ROI and data focused digital marketing.

Affle Holdings is the Singapore based promoter for Affle (India) and its investors include Microsoft, D2C (an NTT DoCoMo, Dentsu & NTT Advertising JV), Itochu, Bennett Coleman amongst others.

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