Affle (India) Limited, a consumer intelligence driven global technology company, announced results for the first quarter ended June 30, 2023.
Affle reported a strong performance for Q1 FY2024 with a consolidated revenue from operations of Rs. 406.6 crore, an increase of 17.0% y-o-y from revenue of Rs. 347.5 crore in Q1 last year. EBITDA stood at Rs. 78.1 crore, an increase of 13.7% y-o-y. PAT up by 21.4% y-o-y to Rs. 66.2 crore from Rs. 54.5 crore in Q1 last year. PAT margin expanded by 0.5% and stood at 15.9% in Q1 FY2024 as compared to 15.4% in Q1 last year. This growth was broad-based coming from both CPCU business and non-CPCU business, across India & International markets.
The CPCU business noted strong momentum delivering 6.9 crore converted users in Q1 FY2024, and the CPCU Revenue stood at Rs. 377.8 crore, an increase of 17.1 y-o-y. The top industry verticals for the company continued to be resilient, helping it register a robust growth anchored on CPCU business model and disciplined focus on higher profitability with margin expansion on a y-o-y basis.
Commenting on the results, 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.
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 & 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.
We are agile and continue to reinvent ourselves to leverage the evolving market dynamics & technological trends to drive sustainable value creation for all our stakeholders.”