Affle Reports 34% growth in PAT FY 2020

Affle (India) Limited published the results for the fourth quarter and fiscal year ended March 31, 2020.

Affle recorded a consistent performance for FY2020 with a consolidated revenue from operations of Rs. 333.8 crores, an increment in revenue by 33.8% y-o-y. EBITDA was at Rs. 88.8 crores, an increase of 26.3% y-o-y. PAT increased by 34.2% y-o-y to Rs. 65.5 crores, and PAT margin at 19.3% for the year. For Q4 FY2020, consolidated revenue was at Rs. 80.0 crores, an increase of 32.3% y-o-y. PAT was Rs. 15.3 crores, an increase of 5.7% y-o-y.

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

Written by Shintu Dhang