External broker reports(aggregated public sources), Sharekhan

Sharekhan

External broker reports(aggregated public sources)

Sharekhan is India's leading broking house providing services from easy online trading, research to wide array of financial products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Affle’s revenue grew 10.8% q-o-q/20.6% y-o-y to Rs. 602 crore, beating our estimate of Rs. 591 crore.</li><li>EBITDA margin improved 96 bps q-o-q/245 bps y-o-y to 21.8%, beating our estimate of 21%.</li><li>Converted users grew 9% q-o-q/23.3% y-o-y to 103.3 crore. Despite global macroeconomic uncertainty, management is confident of achieving and sustaining over 20% growth in FY25, as industry tailwinds remain intact.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Affle’s revenue grew 10.8% q-o-q/20.6% y-o-y to Rs. 602 crore, beating our estimate of Rs. 591 crore.EBITDA margin improved 96 bps q-o-q/245 bps y-o-y to 21.8%, beating our estimate of 21%.Converted users grew 9% q-o-q/23.3% y-o-y to 103.3 crore. Despite global macroeconomic uncertainty, management is confident of achieving and sustaining over 20% growth in FY25, as industry tailwinds remain intact.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>Reported revenue grew 4.5% q-o-q/25.9 y-o-y to Rs. 543 crore, beating our estimates of Rs. 533 crore.</li><li>EBITDA margin improved 76 bps q-o-q/65 bps y-o-y to 20.9%, beating our estimates of 20.3%.</li><li>Converted users grew 4.4% q-o-q/31.7% y-o-y to 9.5 crore. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Reported revenue grew 4.5% q-o-q/25.9 y-o-y to Rs. 543 crore, beating our estimates of Rs. 533 crore.EBITDA margin improved 76 bps q-o-q/65 bps y-o-y to 20.9%, beating our estimates of 20.3%.Converted users grew 4.4% q-o-q/31.7% y-o-y to 9.5 crore. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Affle (India) Ltd - Strong Q2, Maintain Buy

<ul><li>Company expects to achieve sustainable organic growth of 20% y-o-y with India and global emerging markets growing little over 20% y-o-y and developed markets growing at 17-20% y-o-y.</li><li>Management expects 50-60 bps y-o-y expansion in EBITDA margin and aims to reach an aspirational EBITDA margin of 22-23%.</li><li>Strong cash flows and healthy balance sheet ensures that it can continue to invest to drive long-term sustainable growth through technology innovation, market expansion, and consolidation.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Company expects to achieve sustainable organic growth of 20% y-o-y with India and global emerging markets growing little over 20% y-o-y and developed markets growing at 17-20% y-o-y.Management expects 50-60 bps y-o-y expansion in EBITDA margin and aims to reach an aspirational EBITDA margin of 22-23%.Strong cash flows and healthy balance sheet ensures that it can continue to invest to drive long-term sustainable growth through technology innovation, market expansion, and consolidation.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Affle (India) Ltd - Well Placed to Deliver Strong Organic Growth

External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>In Q1FY25, Affle Ltd. posted revenue of Rs 519.5 Cr, reflecting growth of 2.6% QoQ and 27.8% YoY. Consolidated EBITDA for the quarter grew by 5.7% QoQ to Rs.</li><li>105 Cr, driven by a sharp recovery in the international business. EBITDA margins improved by 90 bps QoQ to 20.1%.</li><li>The company reported a net income of Rs 86.6 Cr, up 30.8% YoY but down 1% QoQ due to higher tax expenses.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In Q1FY25, Affle Ltd. posted revenue of Rs 519.5 Cr, reflecting growth of 2.6% QoQ and 27.8% YoY. Consolidated EBITDA for the quarter grew by 5.7% QoQ to Rs.105 Cr, driven by a sharp recovery in the international business. EBITDA margins improved by 90 bps QoQ to 20.1%.The company reported a net income of Rs 86.6 Cr, up 30.8% YoY but down 1% QoQ due to higher tax expenses.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Affle Ltd - Better Execution; Outlook Remains Healthy!

<ul><li>Device addition remained robust during the quarter. Moreover, additions in converted users also stood strong.</li><li>The performance of the international business vertical has improved during the quarter and is likely to gain further momentum.</li><li>The management is confident of gaining medium-term demand momentum on the backdrop of the deals it has won in the previous quarters.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Device addition remained robust during the quarter. Moreover, additions in converted users also stood strong.The performance of the international business vertical has improved during the quarter and is likely to gain further momentum.The management is confident of gaining medium-term demand momentum on the backdrop of the deals it has won in the previous quarters.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Affle Ltd. - Inline Results; Outlook Remains Healthy!

India

Affle 3i Limited is a global technology company that provides a consumer intelligence platform, delivering consumer engagements, acquisitions, and transactions through mobile advertising. The company operates on a Cost Per Converted User (CPCU) model, transforming online and offline user data into actionable insights for brands. It was incorporated in 1994 and is headquartered in Gurugram, India.

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Affle 3i (AFFLE IN)

Affle (India) Ltd - Robust Quarter

Affle’s revenue grew 10.8% q-o-q/20.6% y-o-y to Rs. 602 crore, beating our estimate of Rs. 591 crore. EBITDA margin improved 96 bps q-o-q/245 bps y...

Sharekhan

Affle (India) Ltd - Strong Q2, Maintain Buy

Reported revenue grew 4.5% q-o-q/25.9 y-o-y to Rs. 543 crore, beating our estimates of Rs. 533 crore. EBITDA margin improved 76 bps q-o-q/65 bps y...

Sharekhan

Affle (India) Ltd - Well Placed to Deliver Strong Organic Growth

Company expects to achieve sustainable organic growth of 20% y-o-y with India and global emerging markets growing little over 20% y-o-y and...

Sharekhan

Affle Ltd - Better Execution; Outlook Remains Healthy!

In Q1FY25, Affle Ltd. posted revenue of Rs 519.5 Cr, reflecting growth of 2.6% QoQ and 27.8% YoY. Consolidated EBITDA for the quarter grew by 5.7%...

Axis Direct

Affle Ltd. - Inline Results; Outlook Remains Healthy!

The management is confident of gaining medium-term demand momentum on the backdrop of the deals it has won in the previous quarters.

Axis Direct

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