In Chat with Anil Singhvi, Affle India MD says company has improved margin on quarter-on quarter basis, justifies dilution of stake in company

Zee Business Managing Editor Anil Singhvi on Friday spoke to Affle India MD and CEO Anuj Khanna Sohum and discussed about company's minor reduction in margins, outlook going forward, and overall December Quarter result posted by the company.  

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Talking about Q 3 result, Affle India MD said that in fact, on a Quarter-on-Quarter basis, margins of the company have improved. "Affle India margins in Q3 are better than Q2. Margins become a very important DNA for Affle, as we have to run bottom-line-sensible businesses. Every time we acquire a company or business, our sole goal is to bring it to the same level of margin as that of the company in two to three years."

तिमाही आधार पर मार्जिन में सुधार आया है... अधिग्रहण के लिए अभी तक कर्ज नहीं लिया: अनुज खन्ना सोहम, CMD & CEO, एफल इंडिया#NewsParViews #AffleIndia @AnilSinghvi_ @affle @anujkumar13 pic.twitter.com/ZmyiYWuqVz

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When the Market Guru asked Affle India MD and CEO about recent dilution of stake by 1.2 per cent in the company, Anuj Khanna Sohum said, "This is only half the story that those keeping watch on stock markets are grasping. Affle Holdings, which is a Singapore-based company, has sold its stake, that is one thing. It has to be understood from this perspective that what is happening to the cash coming in with Affle Holdings or where it is going," he asked.

He further said, "In fact, overall ownership of promoters, individual promoters, promoter group and management group that is working full-time in the company combined still stands at more than 75 per cent.  In a way, it has increased.  With this process, we achieved many things, one we gave returns to our early investors, second effective shareholding of management and promoters have increased and third we have got on board very quality tier-1 investors. This is a very responsible action and vindicates our long-time commitment."