Affle India Q2 FY23 Result Key Highlights

  • Q2 Consolidated Revenue up 29% YoY and Net Profit up 23%
  • EBIDTA Margins 20% vs 19% YoY
  • Domestic 31.1%, International 68.9% – Most of the business under international is from emerging markets and negligible business from UK and USA
  • Converted Users reached to 64.7m with Average Cost Per Converted User (CPCU) Rs.51 from Rs.51.3 YoY

  • Visibility of 10% sequential growth in H2 compared to H1 due to festive season and balance budget with clients
  • Industry can continue to grow at 25% CAGR

  • Mr Bharat Shah of Ark Investment has also asked questions during Concall related to why Mgt has high growth expectation from Emerging Market when developed market is facing the heat
  • Industry serving – “E” E-commerce, Edtech, Entertainment, “F” Fintech, FMCG, Foodtech, “G” Gaming, Government, Groceries, “H” Healthtech, Hospitality & Travel
  • Case Study 1 – Mac D Indonesia

  • Case Study 2 – Zee5

  • Case Study 3 – Mr D Africa



Affle India Investor Presentation

Affle India Concall Recording