Affle Q1 Results: Profit jumps 31% to Rs 86 crore

economictimes.indiatimes.com:

Revenue from operations came in at Rs 519.5 crore, up 27.8 per cent from Rs 406.6 crore in Q1FY24.

The company in a statement said its growth was anchored on CPCU (cost per converted user) business model and «disciplined focus on higher profitability with operating margin expansion on a y-o-y basis».
«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 per cent year-on-year,» the statement said.
Sequentially, net profit declined 1.02 per cent, while revenue was 2.62 per cent higher.
EBITDA (Earning Before Interest Tax Depreciation and Amortisation) stood at Rs 104.7 crore in the quarter, up 34 per cent year-on-year.
Affle MD and CEO Anuj Khanna Sohum said the quarter has recorded the company's highest quarterly revenue run-rate, highest EBITDA and consumer conversions till date.
«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," he said.
Affle is optimistic of the industry trends and is well-positioned to maintain its strong growth momentum, he added.