Affle reports stellar performance during the Q2 and H1 FY2020

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November 10, 2019, New Delhi: Affle (India) Limited, a consumer intelligence driven global technology Company, today announced the results for second quarter and half year ended September 30, 2019.

Affle reported a robust performance for H1 FY2020 with a consolidated revenue of Rs. 1,593 million, an increase in revenue by 38.8% y-o-y. EBITDA was at Rs. 404 million, an increase of 47.1% y-o-y; registering an EBITDA margin expansion of 1.4%. PAT increased by 59.7% y-o-y to Rs. 288 million, and PAT margin expanded by 2.3%. For Q2 FY2020, consolidated revenue was at Rs. 847 million, an increase of 40.4% y-o-y. EBITDA was at Rs. 217 million, an increase of 41.1% y-o-y. PAT increased by 51.2% y-o-y to Rs. 156 million, and PAT margin expanded by 1.2%. The company generated operating cash flow of Rs. 167 mn in H1 FY2020; a significant growth from Rs. 1.2 mn in H1 last year.

The CPCU business continued on a strong growth momentum delivering a total of 35.1 million converted users (up 39.4% y-o-y, India and International combined) as compared to 25.2 million converted users delivered in the H1 last year. Affle continued to strengthen its mDMP Platform to expand the reach across connected devices to drive conversions and profiled over 2.1 billion connected devices in the last twelve months.

In Rs. million	Q2 FY2019	Q2 FY2020	*Y-o-Y* *Growth*	H1 FY2019	H1 FY2020	*Y-o-Y* *Growth*
Revenue	604	847	40.4%	1,148	1,593	38.8%
EBITDA	154	217	41.1%	275	404	47.1%
% EBITDA Margin	25.6%	25.7%		24.0%	25.4%
Profit Before Tax	123	193	56.2%	223	356	59.5%
Profit After Tax	103	156	51.2%	180	288	59.7%
% PAT Margin	17.1%	18.3%		15.7%	18.0%

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

“Affle’s growth strategy is anchored in India, our dominant & largest market, and International emerging markets like SEA and MEA where we have strong on ground presence. The growth in Affle’s Consumer Platform business was well supported by the overall consumer trends of greater time spent across connected devices, increased adoption of online payments and consistent growth in digital marketing spends across key industry verticals including e-commerce, food, travel, transport, entertainment/OTT/gaming, healthcare, BFSI/fintech, telecom and others.

Our mDMP platform has over 2.1 billion connected devices profiled globally, and we will continue to invest in the 4V strategy of Voice, Video, Vernacular and Verticalisation to reach the next billion shoppers on connected devices. We have filed 14 patents recently across jurisdictions and launched a new R&D centre in Bangalore to fortify our competitive advantage in big data, machine learning & advanced deep learning models