Affle Q4 results: Profit jumps three-fold to Rs 59 crore

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NEW DELHI: Mobile promoting agency (India) Ltd on Saturday posted practically three-fold soar in consolidated revenue at Rs 58.7 crore for the quarter ended March 31, 2021. The firm had posted a internet revenue of Rs 20 crore in the identical quarter a yr in the past.

Affle delivered broad-based development from each current and new prospects throughout the highest 10 resilient business verticals, it mentioned in an announcement.

This was contributed by constant development in advertiser spends throughout India and different rising markets, it added.

“Financial yr 2021 was a landmark yr for Affle. We efficiently laid Affle 2.0 strategic basis for the last decade forward anchored on our 2V – Vernacular and Verticalization technique and our ecosystem stage cellular OEM and Operator partnerships.

“We further fortified our tech platforms, products and IP portfolio and strengthened our leadership position,” Affle Chairman, MD and CEO Anuj Khanna Sohum mentioned.

Revenue of Affle in the course of the quarter jumped to Rs 177.58 crore from Rs 83.43 crore within the year-ago interval of 2019-20.

For fiscal yr 2020-21, Affle posted a revenue of Rs 129.36 crore in contrast to Rs 70.9 crore within the earlier yr.

“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. Our outlook for financial year (FY) 2022 is optimistic and we are strongly positioned to leverage the new market dynamics and invest in credible consolidation opportunities,” Sohum mentioned.

Revenue of Affle elevated to Rs 558.31 crore in 2020-21 in contrast to Rs 339.87 crore within the earlier yr.

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