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 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

<ul><li>Robust device addition and strong additions in converted users</li><li>The international business vertical has improved and is likely to regain 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. It also expects improvement on the margin front moving forward.</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.

Robust device addition and strong additions in converted usersThe international business vertical has improved and is likely to regain momentum.The management is confident of gaining medium-term demand momentum on the backdrop of the deals it has won in the previous quarters. It also expects improvement on the margin front moving forward.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. - Strong Execution; Broad-Based Growth

Thematic (Sector/Industry)

<ul><li>The IT Services sector is expected to report moderate growth in Q3FY23, primarily on account of the seasonally weak quarter and slowing down growth momentum led by uncertainties in the US and UK.</li><li>However, IT spending in North America and Europe has continued to be relatively strong owing to the demand for digital transformation and cloud transformations.</li><li>We believe it is likely to remain intact, at least for the quarter. </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.

The IT Services sector is expected to report moderate growth in Q3FY23, primarily on account of the seasonally weak quarter and slowing down growth momentum led by uncertainties in the US and UK.However, IT spending in North America and Europe has continued to be relatively strong owing to the demand for digital transformation and cloud transformations.We believe it is likely to remain intact, at least for the quarter. 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.

IT Q3FY23 Result Preview – Demand Slowing Down; Margins Remain Stable

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.

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Affle (India) Limited (AFFLE IN)

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

Affle Ltd. - Strong Execution; Broad-Based Growth

Robust device addition and strong additions in converted users. The international business vertical has improved and is likely to regain momentum.

Axis Direct

IT Q3FY23 Result Preview – Demand Slowing Down; Margins Remain Stable

The IT Services sector is expected to report moderate growth in Q3FY23, primarily on account of the seasonally weak quarter and slowing down growth...

Axis Direct

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