Consumer intelligence driven technology company Affle (India) Limited reported its results for the quarter and half-year ended September 30, 2023.
For the quarter under review, the company reported a consolidated net profit of Rs 66.8 crore, up 13.8 pc year-on-year. Revenue grew 21.6 pc on year to Rs 431.3 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) stood at Rs 87.2 crore up 20.6 pc on year. EBITDA margin was at 20.2 pc. Growth during the quarter was broad-based, coming from both CPCU business and non-CPCU business, across India and international markets.
For the half year ended September, the company posted a consolidated revenue from operations at Rs 837.9 crore, up 19.3 pc Y-o-Y. EBITDA stood at Rs 165.3 crore, up 17.3 pc and EBITDA margin stood at 19.7 pc. Consolidated PAT increased by 17.4 pc on year to Rs. 133.0 crore.
The CPCU business noted strong momentum, delivering 7.2 crore converted users in Q2 FY24, up 11.4 pc on year and taking the total converted users delivered in H1 FY24 to 14.1 crore. The CPCU revenue stood at Rs 400.6 crore, up 21.6 pc y-o-y. The top industry verticals for the company continued to be resilient during the period under review, helping the company register a robust growth anchored on the CPCU business model.
Anuj Khanna Sohum, MD and CEO, Affle said, “Affle’s growth has been broad-based coming from both existing and new customers, across India and 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. We continue to augment our business by strengthening our technological edge and investing in developing innovative solutions for our customers globally. As a testament, we recently released GenAI-powered multilingual capabilities on iOS Appstore that makes us early forerunners on advanced use cases on the OEM ecosystem, aligned to our 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.”
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