Affle (India) reported a consolidated net profit of Rs 21.45 crore in Q3 December 2019, up by 31.4% from Rs 16.33 crore in Q3 December 2018.
The scrip was currently trading 2.55% higher at Rs 1788.10. The stock rose 5.09% to hit the day's high at Rs 1832.40, which is an all time high for the counter.
Profit before tax (PBT) increased by 26.9% to Rs 25.46 crore in Q3 December 2019 from Rs 20.07 crore in Q3 December 2018.
Net sales rose by 27.4% to Rs 94.46 crore in Q3 December 2019. It stood at Rs 74.15 in the corresponding period last year.
EBITDA improved by 20% to Rs 27.3 crore in Q3 December 2019 over Q3 December 2018. EBITDA margin stood at 28.9% in Q3 FY2020 as compared to 30.7% in Q3 FY2019.
The cost per converted user (CPCU) business continued a strong growth momentum delivering a total of 5.60 crore of converted users in nine months ended 31 December 2019 (9M FY2020), up 34.6% as compared to 4.16 crore converted users delivered in 9M last year.
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'Historically, our third quarter which has always been financially robust driven by festive season sales, continued its performance trend this time too with the company registering a strong growth on both year-on-year basis and sequential basis (q-o-q)', the company said in a statement.
Commenting on the results, Anuj Khanna Sohum, the chairman, MD and CEO of Affle said: Affle's growth has been broad-based coming from both existing and new customers, across the key industry verticals and across India & Other Emerging Markets. India, which is our dominant market, is growing much faster than the average industry growth in digital advertising, where for 9M FY2020 India registered a revenue growth of 47.8% y-o-y. Our international business largely driven by the growth in Other Emerging Markets particularly SEA and MEA, increased at 22.8% YoY.
The growth in Affle's Consumer Platform business powered by the CPCU business has been encouraging and is 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 by advertisers. We also launched a new product 'Vizury Engage360', an artificial intelligence driven Omnichannel Marketing Platform that strengthens our CPCU driven business model. Our board has also formed two investment committees to evaluate the India and international investment opportunities that can further augment strategic and competitive position of the business and enhance value for all our stakeholders.
Affle is a global technology company with a proprietary consumer intelligence platform that delivers consumer engagement, acquisitions and transactions through relevant mobile advertising.
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