*Affle (India) Ltd.* | *CMP* Rs. 1087 | *M Cap* Rs. 14484 Cr | *52 W H/L* 1260/520
(Nirmal Bang Retail Research)
*Result is above expectations*
Revenue from Operations came at Rs. 274.7 Cr (80.2% QoQ, 103.6% YoY) vs expectation of Rs. 226.4 Cr, QoQ Rs. 152.5 Cr, YoY Rs. 135 Cr
EBIDTA came at Rs. 52 Cr (48.4% QoQ, 51.2% YoY) vs expectation of Rs. 44.6 Cr, QoQ Rs. 35.1 Cr, YoY Rs. 34.4 Cr
EBITDA Margin came at 18.9% vs expectation of 19.7%, QoQ 23%, YoY 25.5%
Adj. PAT came at Rs. 47.8 Cr vs expectation of Rs. 34 Cr, QoQ Rs. 35.7 Cr, YoY Rs. 27 Cr
Quarter EPS is Rs. 3.6
Share is trading at P/E of 65.3x FY23E EPS