Affle (India) Limited on Saturday posted profit for the quarter ended September 2023 at Rs 66.78 crore, up 13.2 per cent in comparison to Rs 58.98 crore during the same period last year. It posted revenue from operations at Rs 431.30 crore, up 21.6 per cent as against Rs 354.59 crore during the second quarter of FY23. The company EBITDA stood at Rs 87.2 crore, up 23.3 per cent on-year. While the total income recorded by Affle during the quarter in review was at Rs 441.24 crore, total expenditure incurred during the period was at Rs 368.04 crore.
This growth, the company said, was broad-based coming from both CPCU business and non-CPCU business, across India and International markets. The CPCU business noted strong momentum delivering 7.2 crore converted users in Q2FY2024, up 11.4 per cent YoY and taking the total converted users delivered in H1FY2024 to 14.1 crore. The CPCU revenue was at Rs 400.6 crore in Q2FY2024, up 21.6 per cent on-year. “The top industry verticals for the company continued to be resilient, helping it register a robust growth anchored on the CPCU business model,” it said.
Affle’s India business recorded a revenue of Rs 133.83 crore during Q2FY24 and the revenue from outside India business came at Rs 304.54 crore.
“Affle’s growth has been broad-based coming from both existing and new customers, across India & global emerging markets which continue to perform well despite the tough macro-economic conditions globally. The resilient nature of our business helped us achieve highest quarterly revenue run rate, highest EBITDA, consumer conversions and CPCU rate in Q2 FY2024. Our consistent growth trajectory is well supported by greater consumer adoption of connected devices, unique ROI-linked CPCU business model, relentless focus on R&D and strong operational execution focused on 4Ps – People, Platforms, Productivity and Profitability,” said Anuj Khanna Sohum, the MD and CEO, Affle.
Affle recently released GenAI-powered multilingual capabilities on iOS Appstore that makes the company early forerunners on advanced use cases on the OEM ecosystem, aligned to the Affle2.0 growth strategy.
“Looking forward, we remain focused on fortifying our ecosystem-level partnerships with deeper strategic realignment and are investing to further expand our tech IP, product propositions and our on-ground presence across geographies to drive sustainable growth for all our stakeholders,” added Anuj Khanna Sohum.
Affle is a technology company with a proprietary consumer intelligence platform that delivers consumer recommendations and conversions through relevant mobile advertising.