Mumbai: Affle (India), a consumer intelligence driven global technology company, ha announced results for the first quarter ended 30 June, 2024.
It reported revenue of Rs. 519.5 crore, an increase of 27.8% y-o-y. EBITDA was Rs. 104.7 crore, an increase of 34.0% y-o-y. Profit Before Tax (PBT) was Rs. 106.6 crore, an increase of 52.1% y-o-y. Profit After Tax (PAT) of Rs. 86.6 crore, an increase of 30.8% y-o-y
This growth it explains was broad-based coming across India and International markets. The CPCU business delivered 9.1 crore converted users in Q1 FY2025, and the CPCU Revenue stood at Rs. 517.7 crore, an increase of 37.0% y-o-y. The top industry verticals for the company continued to show favourable momentum, helping it register a robust growth anchored on the CPCU business model and disciplined focus on higher profitability with operating margin expansion on a y-o-y basis.
Anuj Khanna Sohum MD, CEO Affle said, “We continue to exceed our performance targets, with Q1 FY2025 marking yet another quarter of significant growth having achieved our highest quarterly revenue run-rate, highest EBITDA and consumer conversions till date. Mirroring the previous quarter growth trends, this period also witnessed persistent increase in digital advertising spends powered by our unique ROI-linked CPCU business model, coming across our markets and key industry verticals.
“This performance was a result of our strategic efforts to consolidate all our business and platform operations into a unified, fully-integrated unit, further augmenting our consumer-centric platform offerings. We continued to deepen our market penetration through strategic enhancements in our Affle2.0 Consumer Platform Stack, including the responsible integration and rollout of GenAI-powered solutions, underpinned by our extensive GenAI patent portfolio.
“We remain optimistic of the industry trends and are well-positioned to maintain our strong growth momentum, continuing to deliver value and achieve exceptional results for all our stakeholders.”
