August 3, 2024: Affle (India) Limited, a consumer intelligence driven global technology company,
today announced results for the first quarter ended June 30, 2024.
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%
Q1 FY2025 Highlights (y-o-y):
▪ Revenue of Rs. 519.5 crore, an increase of 27.8% y-o-y
▪ EBITDA of Rs. 104.7 crore, an increase of 34.0% y-o-y
▪ Profit Before Tax (PBT) of Rs. 106.6 crore, an increase of 52.1% y-o-y
▪ Profit After Tax (PAT) of Rs. 86.6 crore, an increase of 30.8% y-o-y
Consolidated Performance Highlights
2
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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.
For more information, visit – www.affle.com I contact – pr@affle.com
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.”
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.
For more information, visit – www.affle.com I contact – pr@affle.com
