Affle's PAT jumps 21.4% to Rs 66.2 crore in Q1FY24

Affle has reported a jump of 21.4% in PAT at Rs 66.2 crore in Q1FY24. The company’s PAT was Rs. 54.5 crore in Q1 last year.

Its revenue from operations increased by 17% to Rs. 406.6 crore versus Rs 347.5 crore in Q1 last year.

Affle said, “This growth was broad-based coming from both CPCU business and non-CPCU business, across India and International markets.”

The tech company’s EBITDA grew by 13.7% (YoY) to Rs 78.1 crore.

On a QoQ basis, Affle’s PAT is up by 6.0%, revenue is up by 14.3% and EBITDA has grown by 9.0%.

Anuj Khanna Sohum, 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.” 

He went on to say, “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 and 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,” Khanna concluded.

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