Rs. 1,434 Crore Revenue, Rs. 245.3 Crore Profit

Despite the challenging business environment, our strong presence in India and other global emerging markets has enabled us to deliver growth, says Anuj Khanna Sohum, the MD and CEO of Affle.

NEW DELHI, May 15 (The CONNECT) – Affle (India) Limited, a consumer intelligence driven global technology company, reported results for Q4 FY2023 with a consolidated revenue from operations of Rs. 355.8 crore, an increase of 12.9% y-o-y from revenue of Rs. 315.1 crore in Q4 last year.

The company’s EBITDA stood at Rs. 71.6 crore, an increase of 22.1% y-o-y. PAT increased by 18.4% y-o-y to Rs. 62.4 crore from Rs. 52.7 crore in Q4 last year. PAT margin stood at 16.7% in Q4 FY2023 as compared to 16.1% in Q4 last year. This growth was broad-based coming from both CPCU business and Non-CPCU business, across India & International markets.

“Affle continued its outstanding track record to conclude FY2023 as a landmark year having delivered over 5X growth in topline and profitability over the last 5 financial years, with consistent y-o-y growth coming across the quarters,” Anuj Khanna Sohum, the MD and CEO of Affle said.

For 12M FY2023, consolidated revenue from operations was at Rs. 1,434 crore, an increase of 32.6% y-o-y. EBITDA was at Rs. 293.0 crore, an increase of 37.2% y-o-y. PAT increased by 33.8% y-o-y to Rs. 245.3 crore. The company reported robust operating cash flows of Rs. 260.3 crores, with 106.1% of the profit realized as cash flow from operations.

The CPCU business noted strong momentum delivering 6.2 crore converted users in Q4 FY2023 and taking the total converted users delivered in FY2023 to 25.7 crore. Despite the global headwinds, the top industry verticals for the company continued to be resilient, helping it register a robust growth anchored on our CPCU business model and disciplined focus on higher profitability with margin expansion on a y-o-y basis.

“We are pleased to report our resilient business performance in FY2023 anchored on our entrepreneurial culture, tech innovations and sustainable value creation model,” Sohum said.