Affle reports strong performance for Q1 FY2025

Mumbai, August 05th, 2024: Affle (India) Limited, a consumer intelligence driven global technology company, today announced results for the first quarter ended June 30, 2024.

Consolidated Performance Highlights

Q1 FY2025 Highlights (y-o-y):

• Revenue of Rs. 519.5 crore, an increase of 27.8% y-o-y
• EBITDA of Rs. 104.7 crore, an increase of 34.0% y-o-y
• Profit Before Tax (PBT) of 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

• Affle reported a strong performance for Q1 FY2025 with a consolidated revenue from operations of Rs. 519.5 crore, an increase of 27.8% y-o-y from revenue of Rs. 406.6 crore in Q1 last year. EBITDA stood at Rs. 104.7 crore, an increase of 34.0% y-o-y. EBITDA margin stood at 20.1%, an increase of 93 basis points on a y-o-y basis. PAT increased by 30.8% y-o-y to Rs. 86.6 crore from Rs. 66.2 crore in Q1 last year. PAT margin stood at 15.9% in Q1 FY2025. This growth was broad-based coming across India and International markets.
• The CPCU business noted strong momentum delivering 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.

Commenting on the results, Anuj Khanna Sohum, the MD and CEO of 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.”