Affle (India) Limited, a consumer intelligence-driven global technology company, today announced results for the first quarter ended June 30, 2023.
Consolidated Performance Highlights
Affle reported a strong performance for Q1 FY2024 with a consolidated revenue from operations of Rs. 406.6 crore, an increase of 17.0% y-o-y from revenue of Rs. 347.5 crore in Q1 last year. EBITDA stood at Rs. 78.1 crore, an increase of 13.7% y-o-y. PAT up by 21.4% y-o-y to Rs. 66.2 crore from Rs. 54.5 crore in Q1 last year. PAT margin expanded by 0.5% and stood at 15.9% in Q1 FY2024 as compared to 15.4% in Q1 last year. This growth was broad-based coming from both CPCU business and non-CPCU business, across India & International markets.
The CPCU business noted strong momentum delivering 6.9 crore converted users in Q1 FY2024, and the CPCU Revenue stood at Rs. 377.8 crore, an increase of 17.1 y-o-y. The top industry verticals for the company continued to be resilient, helping it register a robust growth anchored on CPCU business model and disciplined focus on higher profitability with margin expansion on a y-o-y basis.
|
In Rs. Crore |
Q1 FY2024 |
Q1 FY2023 |
Y-o-Y Growth |
Q4 FY2023 |
Q-o-Q Growth |
|
Revenue |
406.6 |
347.5 |
17.0% |
355.8 |
14.3% |
|
EBITDA |
78.1 |
68.7 |
13.7% |
71.6 |
9.0% |
|
Profit After Tax1 |
66.2 |
54.5 |
21.4% |
62.4 |
6.0% |
|
% PAT Margin |
15.9% |
15.4% |
|
16.7% |
|
Commenting on the results, Anuj Khanna Sohum, the MD and CEO of Affle said: “We commenced FY2024 on a positive trajectory and are elated to close yet another quarter of robust growth having achieved our highest quarterly revenue run-rate ever in Q1 FY2024. This quarter too witnessed the accelerated broad-based growth in ad spends powered by our unique ROI-linked CPCU business model, coming across our top industry verticals.
This performance was a result of strategic efforts to enhance our consumer-centric platform offerings, further verticalize our capabilities towards high-growth industries, leverage acquisitive synergies and the disciplined execution from our teams.
We further fortified our solutions with unique ad placements across OEM and Operator app stores in India & International markets. We also globally rolled out CPCU model on Connected TV (CTV) with household sync capabilities, empowering advertisers to reach users across screens and derive greater ROI with cross-device targeting.
We are agile and continue to reinvent ourselves to leverage the evolving market dynamics & technological trends to drive sustainable value creation for all our stakeholders.”
Also read – Promate launches XWatch-S19 smartwatch with 1.95inch BIG Display, Priced at Rs. 3999/-
