External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

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

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Equity Bottom-Up

<ul><li>In Q3FY24, Affle Ltd. posted revenue of Rs 499 Cr, registering a growth of 15.6% on a QoQ basis and 32.6% on a YoY basis.</li><li>Its consolidated EBITDA for the quarter grew by 10.9% QoQ to Rs 97 Cr, led by the sharp recovery in the international business.</li><li>However, the company’s EBITDA margins declined by 120bps QoQ to 19.4%. It reported a net income of Rs 77 Cr, up 15% QoQ.</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 Q3FY24, Affle Ltd. posted revenue of Rs 499 Cr, registering a growth of 15.6% on a QoQ basis and 32.6% on a YoY basis.Its consolidated EBITDA for the quarter grew by 10.9% QoQ to Rs 97 Cr, led by the sharp recovery in the international business.However, the company’s EBITDA margins declined by 120bps QoQ to 19.4%. It reported a net income of Rs 77 Cr, up 15% QoQ.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 - Robust Results; Outlook Remains Healthy

<ul><li>In Q2FY24, Affle Ltd. posted revenue of Rs 431 Cr, registering a growth of 6.1% on a QoQ basis and 21.6% YoY basis.</li><li>Its consolidated EBITDA for the quarter grew by 11.5% QoQ to Rs 87 Cr, led by the sharp recovery in the international business.</li><li>Moreover, the company’s EBITDA margins improved by 40bps QoQ to 20.2%. </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 Q2FY24, Affle Ltd. posted revenue of Rs 431 Cr, registering a growth of 6.1% on a QoQ basis and 21.6% YoY basis.Its consolidated EBITDA for the quarter grew by 11.5% QoQ to Rs 87 Cr, led by the sharp recovery in the international business.Moreover, the company’s EBITDA margins improved by 40bps QoQ to 20.2%. 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. - Robust Results; Outlook Remains Healthy

<ul><li>In Q1FY24, Affle Ltd. posted revenue of Rs 407 Cr, registering a growth of 14.3% on a QoQ basis.</li><li>Its consolidated EBITDA for the quarter grew by 9% QoQ to Rs 78 Cr, led by the sharp recovery in the international business.</li><li>However, the company’s EBITDA margins declined by 80bps QoQ to 19.2%. It reported a net income of Rs 70 Cr, up 3% QoQ.</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 Q1FY24, Affle Ltd. posted revenue of Rs 407 Cr, registering a growth of 14.3% on a QoQ basis.Its consolidated EBITDA for the quarter grew by 9% QoQ to Rs 78 Cr, led by the sharp recovery in the international business.However, the company’s EBITDA margins declined by 80bps QoQ to 19.2%. It reported a net income of Rs 70 Cr, up 3% QoQ.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. - Sturdy Results; Outlook Remains Healthy

<ul><li>In Q4FY23, Affle Ltd. reported tepid growth with revenue at Rs 356 Cr, registering a de- growth of 5.4% QoQ.</li><li>Consolidated EBITDA for the quarter de-grew by 10.8% QoQ to Rs 712 Cr, led by the lower international business.</li><li>The company’s EBITDA margins also declined by 140 bps QoQ to 20% in Q4FY23. It reported a net income of Rs 62 Cr, down 9.5% QoQ.</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 Q4FY23, Affle Ltd. reported tepid growth with revenue at Rs 356 Cr, registering a de- growth of 5.4% QoQ.Consolidated EBITDA for the quarter de-grew by 10.8% QoQ to Rs 712 Cr, led by the lower international business.The company’s EBITDA margins also declined by 140 bps QoQ to 20% in Q4FY23. It reported a net income of Rs 62 Cr, down 9.5% QoQ.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. - Results Below Expectation Due to Seasonally Weak Quarter

Thematic (Sector/Industry)

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NEW YEAR PICKS 2024: We are thrilled to announce that we have released the report – NEW YEAR PICKS 2024: New Year, New Horizons, which contains deeply-researched 9 stocks that are best-placed to deliver excellent performance in 2024.We strongly urge you to refer to the report here and fortify your investment endeavours further.Pick of the Week (PoW): POW calls delivered an astounding monthly strike rate of 88% in Dec’23.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.

Axis Research Scorecard Report for Dec 2023

India

Affle (India) Limited operates as a technology company. The Company offers consumer intelligence platform that delivers consumer engagements, acquisitions, and transactions through mobile advertising, as well as platform aims to enhance returns on marketing investment through contextual mobile ads and also by reducing digital ad fraud. Affle (India) serves customers worldwide.

Affle (India) Limited (AFFLE IN)

Affle Ltd - Robust Results; Outlook Remains Healthy

Its consolidated EBITDA for the quarter grew by 10.9% QoQ to Rs 97 Cr, led by the sharp recovery in the international business.

Axis Direct

Affle Ltd. - Robust Results; Outlook Remains Healthy

In Q2FY24, Affle Ltd. posted revenue of Rs 431 Cr, registering a growth of 6.1% on a QoQ basis and 21.6% YoY basis. Its consolidated EBITDA for the...

Axis Direct

Affle Ltd. - Sturdy Results; Outlook Remains Healthy

Its consolidated EBITDA for the quarter grew by 9% QoQ to Rs 78 Cr, led by the sharp recovery in the international business.

Axis Direct

Affle Ltd. - Results Below Expectation Due to Seasonally Weak Quarter

In Q4FY23, Affle Ltd. reported tepid growth with revenue at Rs 356 Cr, registering a de- growth of 5.4% QoQ. Consolidated EBITDA for the quarter de...

Axis Direct

Axis Research Scorecard Report for Dec 2023

NEW YEAR PICKS 2024: New Year, New Horizons, which contains deeply-researched 9 stocks that are best-placed to deliver excellent performance in 2024.

Axis Direct