Affle (India) Limited, the consumer intelligence-driven global technology company, announced its results for the first quarter ended June 30, 2024. The company reported a revenue of Rs. 519.5 crore, marking a 27.8% year-over-year increase. The EBITDA was Rs. 104.7 crore, representing a 34.0% rise compared to the previous year.
Profit Before Tax (PBT) reached Rs. 106.6 crore, showing a significant growth of 52.1% year-over-year. Additionally, Profit After Tax (PAT) was reported at Rs. 86.6 crore, an increase of 30.8% from the same period last year.
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.
| In Rs. Crore | Q1 FY2025 | Q1 FY2024 | Y-o-Y Growth |
| Revenue | 519.5 | 406.6 | 27.8% |
| EBITDA | 104.7 | 78.1 | 34.0% |
| Profit After Tax | 86.6 | 66.2 | 30.8% |
| % PAT Margin | 15.9% | 15.9% | |
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,” Sohum added.
