Affle India gains as net profit for Q4FY21 increases nearly threefold

FY2021 was a landmark year for Affle

The shares of Affle India jumped by around 3 per cent on Monday after the company reported a strong performance for Q4FY21.  

Consolidated revenue for Q4FY21 rose by 76.9 per cent to Rs 141.6 crore compared to Rs 80 crore in Q4FY20. Net profit for Q4FY21 jumped by around 282.7 per cent to Rs 58.5 crore from Rs 15.3 crore reported in Q4FY20.   

Consistent growth in advertiser spends across India and other emerging markets helped the company to deliver a broad-based growth from both existing as well as new customers.  

Commenting on the company’s strong performance for Q4FY21, Anuj Khanna Sohum, Chairman, MD & CEO of Affle said, “FY2021 was a landmark year for Affle. We fortified our tech platforms, products & IP portfolio and strengthened our leadership position as the partner of choice for global brands and app marketers powering their mobile-first digital transformation journey.”  

Affle is a global technology company with a proprietary consumer intelligence platform that delivers consumer engagements, acquisitions and transactions through relevant mobile advertising. The platform aims to enhance returns on marketing investment through contextual mobile ads and also, by reducing digital ad fraud.