Revenue growth of 17.0% y-o-y | Profit (PAT) growth of 21.4% y-o-y
Affle (India) Limited, a consumer intelligence driven global technology company, today announced results for the first quarter ended June 30, 2023.
Affle reported a strong performance for Q1 FY2024 with a consolidated revenue from operations of Rs. 406.6 crore, an increase of 17.0% y-o-y from revenue of Rs. 347.5 crore in Q1 last year. EBITDA stood at Rs. 78.1 crore, an increase of 13.7% y-o-y. PAT up by 21.4% y-o-y to Rs. 66.2 crore from Rs. 54.5 crore in Q1 last year. PAT margin expanded by 0.5% and stood at 15.9% in Q1 FY2024 as compared to 15.4% in Q1 last year. This growth was broad-based coming from both CPCU business and non-CPCU business, across India & International markets.
The CPCU business noted strong momentum delivering 6.9 crore converted users in Q1 FY2024, and the CPCU Revenue stood at Rs. 377.8 crore, an increase of 17.1 y-o-y. The top industry verticals for the company continued to be resilient, helping it register a robust growth anchored on CPCU business model and disciplined focus on higher profitability with margin expansion on a y-o-y basis.
