Affle (India) Limited, a consumer intelligence-driven global technology company, announced results for the second quarter and half-year ended September 30, 2023, where it reported revenue growth of 21.6% year-on-year. Overall, the company claims to have registered its highest quarterly revenue run rate and EBITDA, consumer conversions and CPCU rate in Q2 FY2024.
The company reported a consolidated revenue from operations of Rs 431.3 crore, an increase of 21.6% YoY from revenue of Rs 354.6 crore in Q2 last year.Its EBITDA stood at Rs 87.2 crore, which is an increase of 20.6% YoY, with a margin of 20.2% in Q2 FY2024. Profit after tax (PAT) increased by 13.8% YoY to Rs 66.8 crore from Rs 58.7 crore in Q2 last year.
Affle’s growth comes from both CPCU (cost per converted user) business and non-CPCU business, across India as well as International markets. For H1 FY2024, its consolidated revenue from operations stood at Rs 837.9 crore, an increase of 19.3% YoY. EBITDA was at Rs 165.3 crore, an increase of 17.3% YoY and EBITDA margin stood at 19.7%. Its PAT increased by 17.4% YoY to Rs 133 crore.
According to the company, the CPCU business registered strong momentum, delivering 7.2 crore converted users in Q2 FY2024 — an increase of 11.4% YoY, taking the total converted users delivered in H1 FY2024 to 14.1 crore. The CPCU revenue stood at Rs 400.6 crore in Q2 FY2024, an increase of 21.6% YoY. “Affle’s growth has been broad-based coming from both existing and new customers, across India and global emerging markets which continue to perform well despite the tough macro-economic conditions globally. The resilient nature of our business helped us achieve highest quarterly revenue run rate, highest EBITDA, consumer conversions and CPCU rate in Q2 FY2024,” said Anuj Khanna Sohum, MD and CEO, Affle.
Affle (India) Limited, which got listed on the BSE and NSE in 2019, is promoted by Singapore-based Affle Holdings and its investors include Microsoft, Bennett Coleman & Company (BCCL, the parent company of Times Internet Ltd), among others.
The company reported a consolidated revenue from operations of Rs 431.3 crore, an increase of 21.6% YoY from revenue of Rs 354.6 crore in Q2 last year.Its EBITDA stood at Rs 87.2 crore, which is an increase of 20.6% YoY, with a margin of 20.2% in Q2 FY2024. Profit after tax (PAT) increased by 13.8% YoY to Rs 66.8 crore from Rs 58.7 crore in Q2 last year.
Affle’s growth comes from both CPCU (cost per converted user) business and non-CPCU business, across India as well as International markets. For H1 FY2024, its consolidated revenue from operations stood at Rs 837.9 crore, an increase of 19.3% YoY. EBITDA was at Rs 165.3 crore, an increase of 17.3% YoY and EBITDA margin stood at 19.7%. Its PAT increased by 17.4% YoY to Rs 133 crore.
According to the company, the CPCU business registered strong momentum, delivering 7.2 crore converted users in Q2 FY2024 — an increase of 11.4% YoY, taking the total converted users delivered in H1 FY2024 to 14.1 crore. The CPCU revenue stood at Rs 400.6 crore in Q2 FY2024, an increase of 21.6% YoY. “Affle’s growth has been broad-based coming from both existing and new customers, across India and global emerging markets which continue to perform well despite the tough macro-economic conditions globally. The resilient nature of our business helped us achieve highest quarterly revenue run rate, highest EBITDA, consumer conversions and CPCU rate in Q2 FY2024,” said Anuj Khanna Sohum, MD and CEO, Affle.
Affle (India) Limited, which got listed on the BSE and NSE in 2019, is promoted by Singapore-based Affle Holdings and its investors include Microsoft, Bennett Coleman & Company (BCCL, the parent company of Times Internet Ltd), among others.
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