Affle India Ltd share Price Today

Internet Software & Services company Affle (India) announced Q3FY24 & 9MFY24 results:

Q3FY24 Highlights (YoY):

• Revenue from Operations of Rs 498.7 crore, an increase of 32.6% YoY
• EBITDA at Rs 96.7 crore, an increase of 20.3% YoY
• PAT at Rs 76.8 crore, an increase of 11.4% YoY

Q3FY24 Highlights (QoQ):

• Revenue from Operations up by 15.6% QoQ
• EBITDA up by 10.9% QoQ
• PAT up by 15.0% QoQ

9MFY24 Highlights (YoY):

• Revenue from Operations of Rs 1,336.6 crore, an increase of 24.0% YoY
• EBITDA at Rs 262.0 crore, an increase of 18.4% YoY
• PAT at Rs 209.8 crore, an increase of 15.1% YoY

Commenting on the results, Anuj Khanna Sohum, the MD and CEO of Affle said: “In Q3FY24, we have further raised our performance bar having achieved our highest quarterly revenue run-rate, highest EBITDA, PAT and consumer conversions till date. We continue to witness a robust market opportunity as advertisers steadily accelerate their digital spending, resulting in broad-based growth in our CPCU business, coming across our top industry verticals globally.

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 with 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.

We remain focused on delivering greater strategic value for all our stakeholders and are excited about the future possibilities to drive sustainable business impact with next-gen technologies.”

Result PDF