Affle India surges 21% in 2 days, hits new high post Dec quarter results

The management believes the company is in multi-year technology transformation period of accelerated consumer adoption of mobile and connected devices globally

Shares of Affle India hit a new high of Rs 4,582, up 10 per cent, on the BSE in Monday's intra-day trade after the company reported a strong performance for the quarter ended December 2020 (Q3FY21) with consolidated revenue from operations grew 59 per cent year-on-year (YoY) at Rs 150.50 crore. In the past two days, the stock has surged 21 per cent. 

The company’s profit after tax (PAT) increased by 42.9 per cent YoY to Rs 30.60 crore. Ebitda (earnings before interest, taxes, depreciation, and amortisation) grew 40.5 per cent YoY to Rs 38.40 crore, however, margin contracted 360