Affle (India) Limited reported its third quarter earnings for the financial year 2023-24 with profit at Rs 76.82 crore, up 11.4 per cent in comparison to Rs 68.98 crore during the corresponding quarter of previous year. It posted revenue from operations at Rs 498.71 crore, up 32.6 per cent as against Rs 376.06 crore during the third quarter of FY23. The company EBITDA stood at Rs 96.7 crore, up 20.3 per cent on-year. EBITDA margin was at 19.4 per cent in Q3 FY2024.
For 9M FY2024, consolidated revenue from operations stood at Rs 1336.6 crore, up 24.0 per cent YoY. EBITDA was at Rs 262 crore, up 18.4 per cent on-year and EBITDA margin stood at 19.6 per cent. PAT increased by 15.1 per cent to Rs 209.8 crore.
The CPCU business noted strong momentum to deliver 8.4 crore converted users in Q3 FY2024, up 23.6 per cent YoY and taking the total converted users delivered in 9M FY2024 to 22.4 crore. The CPCU revenue, the company said, stood at Rs 477.4 crore in Q3 FY2024, reporting an increase of 38.2 per cent YoY. The top industry verticals for the company continued to be resilient, helping it register a robust growth anchored on the CPCU business model.
Anuj Khanna Sohum, MD and CEO, Affle, said, “In Q3 FY2024, we have further raised our performance bar having achieved our highest quarterly revenue run-rate, highest EBITDA, PAT and consumer conversions till date. We continue to witness a robust market opportunity as advertisers steadily accelerate their digital spending, resulting in a broad-based growth in our CPCU business, coming across our top industry verticals globally. This quarter underscored the success of our realigned strategies & teams, consistent efforts to enhance platform & product capabilities, relentless focus on R&D and deeper ecosystem-level partnerships.”
“Our commitment remains steadfast in paving the way towards advanced digital technologies through responsible integration of Gen AI across conversion-driven marketing. In line to this, we filed 15 new patents in India during the quarter. We continue to expand the breadth of our tech IP assets and are investing in Gen AI powered innovations to go beyond the mere adoption of AI for cost efficiencies, but rather fortify our competitive moat and drive long-term revenue growth. We remain focused on delivering greater strategic value for all our stakeholders and are excited about the future possibilities to drive sustainable business impact with next-gen technologies,” he added.