Buy Affle (India), target price Rs 1396: ICICI Securities

ICICI Securities has buy call on Affle (India) with a target price of Rs 1396. The current market price of Affle (India) Ltd. is Rs 1164.3.

Affle (India) Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 15869.53 Crore) operating in Services sector.

Affle (India) Ltd. key Products/Revenue Segments include Media Entertainment and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 367.42 Crore, up 3.51 % from last quarter Total Income of Rs 354.97 Crore and up 26.73 % from last year same quarter Total Income of Rs 289.93 Crore. Company reported net profit after tax of Rs 58.98 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 59.89 per cent stake in the company as of 30-Sep-2022, while FIIs owned 16.41 per cent, DIIs 5.79 per cent.