Affle’s Strong Growth Trajectory: Q3 FY24 Performance Highlights

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“Affle’s Strong Growth Trajectory: Q3 FY2024 Performance Highlights and Strategic Vision”

Affle’s Q3 FY24 showcased impressive growth, with consolidated revenue reaching INR 498.7 crore, marking a 32.6% increase year-on-year and a 15.6% increase quarter-on-quarter. EBITDA rose to INR 96.7 crore, up by 20.3% year-on-year and 10.9% quarter-on-quarter, with an EBITDA margin of 19.4% in Q3 FY24. PAT stood at INR 76.8 crore, reflecting an 11.4% year-on-year and 15.0% quarter-on-quarter increase.

Over 9M FY24, consolidated revenue hit INR 1,336.6 crore, a 24.0% year-on-year rise, with EBITDA at INR 262.0 crore and a PAT increase of 15.1% year-on-year to INR 209.8 crore.

Affle’s CPCU business reported strong momentum, delivering 8.4 crore converted users in Q3 FY24, a 23.6% year-on-year increase, totaling 22.4 crore converted users in 9M FY24. CPCU revenue reached INR 477.4 crore in Q3 FY24, up by 38.2% year-on-year and 19.2% quarter-on-quarter.

Anuj Khanna Sohum, MD and CEO of Affle, highlighted the quarter’s success, emphasizing the company’s focus on advancing digital technologies responsibly. Affle filed 15 new patents in India during the quarter, aiming to strengthen its competitive edge and drive long-term revenue growth through Gen AI-powered innovations. Sohum expressed commitment to delivering strategic value for stakeholders and driving sustainable business impact with next-gen technologies.

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X (formerly, Twitter) – aayushxkhanna

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