Affle posts Rs 1,842.8 crore in revenue from operations for FY24, while net profit stood at Rs 297.3 crore

financialexpress.com:

Affle, a global technology company, posted a 42.3% increase y-o-y in consolidated revenue from operations, which increased to Rs 506.2 crore in Q4, FY24, from Rs 355.8 crore in Q4, FY23. From what it’s understood, the company’s net profit stood at Rs 87.5 crore in Q4, FY24, which marked an increase of 40.2% y-o-y. 

For FY24, the company’s consolidated revenue from operations stood at Rs 1,842.8 crore, an increase of 28.5% y-o-y. Moreover, in FY24, EBITDA was at Rs 361.1 crore, an increase of 23.2% y-o-y, with EBITDA margin standing at 19.6%, and net profit increased by 21.5% y-o-y to Rs 297.3 crore.  

“I believe Q4 FY2024 marked a landmark period for Affle, as we achieved 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. I think this reflects our 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 strengthen our market position,” Anuj Khanna Sohum, MD and CEO, Affle, said. 

Follow us onTwitter, Instagram, LinkedIn, Facebook