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Affle reports robust performance for Q4 & 12M FY2024

May 24, 2024: Affle (India) Limited, a consumer intelligence driven global technology company, today
announced results for the fourth quarter and twelve months ended March 31, 2024.
Affle reported a robust performance for Q4 FY2024 with a consolidated revenue from operations of Rs.
506.2 crore, an increase of 42.3% y-o-y from revenue of Rs. 355.8 crore in Q4 last year. EBITDA stood
at Rs. 99.0 crore, up by 38.2% y-o-y. EBITDA margin was at 19.5% in Q4 FY2024. PAT stood at Rs. 87.5
crore, up by 40.2% y-o-y.
For FY2024, consolidated revenue from operations stood at Rs. 1,842.8 crore, an increase of 28.5% y-
o-y. EBITDA was at Rs. 361.1 crore, an increase of 23.2% y-o-y and EBITDA margin stood at 19.6%. PAT
increased by 21.5% y-o-y to Rs. 297.3 crore.
The CPCU business noted strong momentum to deliver 8.8 crore converted users in Q4 FY2024, an
increase of 41.4% y-o-y and taking the total converted users delivered in FY2024 to 31.3 crore.
The CPCU revenue stood at Rs. 503.8 crore in Q4 FY2024, an increase of 57.4% 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.
Q4 FY2024 Highlights (y-o-y):
▪ Revenue from Operations of Rs. 506.2 crore, an increase of 42.3% y-o-y
▪ EBITDA at Rs. 99.0 crore, an increase of 38.2% y-o-y
▪ PAT at Rs. 87.5 crore, an increase of 40.2% y-o-y
Full-Year Highlights (y-o-y):
▪ Revenue from Operations of Rs. 1,842.8 crore, an increase of 28.5% y-o-y
▪ EBITDA at Rs. 361.1 crore, an increase of 23.2% y-o-y
▪ PAT at Rs. 297.3 crore, an increase of 21.5% y-o-y
Consolidated Performance Highlights
In Rs. Crore Q4
Growth FY2024 FY2023 Y-o-Y
Revenue 506.2 355.8 42.3% 498.7 1.5% 1,842.8 1,434.0 28.5%
EBITDA 99.0 71.6 38.2% 96.7 2.4% 361.1 293.0 23.2%
Profit After Tax 87.5 62.4 40.2% 76.8 13.9% 297.3 244.6 21.5%
% PAT Margin 16.4% 16.7% 15.1% 15.6% 16.4%
About Affle
Affle is a global technology company with a proprietary consumer intelligence platform that delivers
consumer recommendations and conversions through relevant Mobile Advertising. The platform aims
to enhance returns on marketing investment through contextual mobile ads and also by reducing digital
ad fraud. Through its end-to-end platform capabilities, Affle powers integrated consumer journeys for
marketers to drive high ROI, measurable outcome-led advertising and deliver online & offline user
conversions across connected devices.
Affle (India) Limited successfully completed its IPO in India in 2019 and trades on the stock exchanges
(BSE: 542752 & NSE: AFFLE). Affle Holdings is the Singapore based promoter for Affle (India) Limited,
and its investors include Microsoft, Bennett Coleman & Company (BCCL) amongst others.
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Commenting on the results, Anuj Khanna Sohum, the MD and CEO of Affle said:
“Q4 FY2024 marked a landmark period for Affle, as we achieved record growth on both year-over-
year and sequential basis. We achieved our highest quarterly revenue run-rate, highest EBITDA, PAT
and consumer conversions till date. This reflects our ongoing commitment to enhance our product
capabilities delivering integrated platform solutions and premium propositions, as well as expand
our technological prowess particularly in Gen AI, to significantly strengthen our market position.
As we conclude FY2024 on a strong note, our achievements are not just a testament to our resilience,
but also a clear indicator of our long-term potential. With over 5X growth in topline and profitability
in the last five years powered by our unique ROI-linked CPCU business model, and our continued
investments in tech, markets and teams expansion, we are poised to continue our trajectory of
robust growth with enhanced profitability.
We remain dedicated to delivering sustainable value creation for all stakeholders. We are excited
about harnessing next-gen technologies to shape the future of digital advertising in a hyper-
connected world, as we enter FY2025 with great optimism.”
We continue to witness a robust market opportunity as advertisers steadily accelerate their digital
spending, resulting in a 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
Our commitment remains steadfast in paving the way towards advanced digital technologies through
responsible integration of Gen AI across conversion-driven marketing. In line to 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.”

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