InvestorQ : Why was Affle locked in the upper circuit on 10 August?
Ria Jain made post

Why was Affle locked in the upper circuit on 10 August?

Answer
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Anu Biswas answered.
1 month ago


Affle India reported 42% growth in net profits at Rs.18.77 crore for the Jun-20 quarter even as the PAT margins showed some improvement to 2.7%. For Affle, the overall revenues from operations grew 20.4% to Rs.89.77 crore for the Jun-20 quarter period. Affle specializes in consumer intelligence-driven technology.

Operating metrics had improved which is evident from the fact that even the EBTIDA was higher by 20% in the quarter at Rs.22.50 crore. Affle operates in the area of mobile apps and this business has got a boost during the lockdown. However, there have been concerns over valuation as the stock has already rallied over 81% in the year.