Affle India Quarter II Profit After Tax rises 51% to Rs 15.6 crores

Mobile advertisement firm Affle India on Saturday posted around 51 percent jump in consolidated profit after tax at Rs 15.6 crore for the second quarter ended September 2019, up 51% from the year-ago period.

The company had recorded profit after tax (PAT) of Rs 10.3 crore in the same period a year ago. Total revenue in the period was up 40% to Rs 85.7 crore, with revenue for the H1 FY20 (April to September) stood at Rs 159 crore, up by 39% y-o-y.

READ | Joker Breaks The Record For Most Profitable Comic Book Movie Ever Made

READ | Japanese Automaker Honda Reports Profit Drop As Sales Slip

"The growth in Affle's consumer platform business was well supported by overall consumer trends of greater time spent across connected devices, increased adoption of online payments and consistent growth in digital marketing spends across key industry verticals including e-commerce, food, travel, transport, entertainment/OTT/gaming, healthcare, BFSI/fintech, telecom and others," Affle Chairman MD and CEO Anuj Khanna Sohum said in a statement.

READ | Toyota Reports Profit Growth On Healthy Global Sales

Affle stocks were listed on Indian stock exchanges in July this year. The company's shares closed at Rs 1,397.85 apiece, up 3.05 percent over the previous close, on the BSE on Friday.

READ | New SUV Models Boost BMW Profits Despite Technology Costs