Buy Affle (India), target price Rs 1400: Axis Securities

Axis Securities has buy call on Affle (India) with a target price of Rs 1400. The current market price of Affle (India) Ltd. is Rs 1256.

Affle (India) Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 17561.18 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 31-03-2024, the company reported a Consolidated Total Income of Rs 533.49 Crore, up 4.84 % from last quarter Total Income of Rs 508.88 Crore and up 42.90 % from last year same quarter Total Income of Rs 373.34 Crore. Company reported net profit after tax of Rs 87.49 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 56.92 per cent stake in the company as of 31-Mar-2024, while FIIs owned 14.79 per cent, DIIs 14.72 per cent.