The shares of a technology and software development services provider gained up to 5 percent after the company’s net profit and revenue increased by 40 percent and 42 percent YoY, respectively in the fourth quarter.
With market capitalization of Rs 17,813.56 crore, the shares of Affle (India) Ltd were trading at Rs 1,271 per share, increasing around 3.54 percent as compared to the previous closing price of Rs 1,227.75 apiece.
Looking into the company’s performance, Affle (India) Ltd’s revenue increased by 1.5 percent on a quarter-on-quarter basis from Rs. 499 crore in Q3FY24 to Rs. 506 crore in Q4FY24. Further, revenue increased by 42 percent year on year, from Rs. 356 crore in Q4FY23 to Rs. 506 crore in Q4FY24.
Affle (India) Ltd’s net profit increased by 13 percent on a quarter-on-quarter basis, from Rs. 77 crore in Q3FY24 to Rs. 87 crore in Q4FY24. Further, net profit increased by 40 percent year on year from Rs. 62 crore in Q4FY23 to Rs.87 crore in Q4FY24.
The company has its global reach in India, Southeast Asia (SEA), Middle East and Africa (MEA), North America, Latin America (LATAM), Europe, Japan, Korea and Australia, furthermore Affle 73.9% revenue comes from India & Emerging markets for FY2024 and 26.1 percent revenue comes from developed market.
Affle have 9 patents granted in US & India related to digital advertising, AI, voice-intelligence and more and 27 patents filed in US, India and/or Singapore related to innovative futuristic use cases.
The company’s profitability measures show an decline in return on equity (RoE) from 16.69 percent in FY 22-23 to 11.90 percent in FY 23-24, while, during the same period return on capital employed (RoCE) decreased from 18.27 percent to 13.09 percent. In contrast, the net profit margin (NPM) was 16.13 percent in fiscal year 22-23.
Affle (India) Limited is a global technology company. The Company provides a consumer intelligence platform that delivers consumer engagement, acquisitions, and transactions through relevant mobile advertising. Its segments include the Consumer Platform and the Enterprise Platform.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
