Affle India's Q3FY24 revenue from operations spikes 32.6% YoY

Affle (India), a consumer intelligence driven global technology company, has recorded a spike of 32.6% in its revenue from operations in Q3FY24 to Rs 498.7 crore from Rs 376.1 crore in the same quarter, last year.  

Its EBITDA stood at Rs 96.7 crore, showing an increase of 20.3% YoY in this quarter while its PAT recorded a 11.4% growth to Rs 76.8 crore.

Anuj Khanna Sohum, the MD and CEO of Affle, remarked that this was their “highest quarterly  revenue run-rate, highest EBITDA, PAT and consumer conversions till date.”

For 9M FY2024, its consolidated revenue from operations stood at Rs 1,336.6 crore, an increase of 24.0%YoY. Its EBITDA was at Rs 262 crore, spiking 18.4% YoY and EBITDA margin stood at 19.6%.  PAT increased by 15.1% to Rs. 209.8 crore. Consolidated Performance Highlights

The CPCU business noted 8.4 crore converted users in Q3 FY2024, an  increase of 23.6% YoY. This takes the total converted users delivered in 9M FY2024 to 22.4 crore. The  CPCU revenue stood at Rs 477.4 crore in Q3 FY2024, an increase of 38.2% YoY.

The brand believes that the resilient top industry verticals for the company helped it register growth  anchored on the CPCU business model.

Sohum believes that there’s a robust market opportunity as advertisers steadily accelerate their digital spending, resulting in a  broad-based growth in CPCU business, coming across top industry verticals globally.

Further, he commented on the quarter’s results and said, “This quarter underscored the success of our realigned strategies & teams, consistent efforts to  enhance platform & product capabilities, relentless focus on R&D and deeper ecosystem-level  partnerships.

Our commitment remains steadfast in paving the way towards advanced digital technologies through  responsible integration of Gen AI across conversion-driven marketing. In line to this, we filed 15 new  patents in India during the quarter. We continue to expand the breadth of our tech IP assets and are  investing in Gen AI powered innovations to go beyond the mere adoption of AI for cost efficiencies,

but rather fortify our competitive moat and drive long-term revenue growth.”

He expressed his excitement about the future possibilities to drive sustainable business impact with next-gen technologies.

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