Affle reports 30.5% YoY increase in PAT for Q3

The company's consolidated revenue from operations saw a 20.6% year-on-year increase

by e4m Staff
Published: Feb 10, 2025 11:36 AM | 3 min read

Affle (India) Limited, a consumer intelligence-driven technology company, has announced its financial results for the third quarter (and last three months) of 2024, ending December 31, 2024. The company reported a consolidated revenue from operations of Rs. 601.7 crore in Q3, representing a 20.6% year-on-year increase from Rs. 498.7 crore in the same quarter of the previous year.

The company's EBITDA for Q3 FY2025 reached Rs. 131.4 crore, showing a 35.9% year-on-year growth. The EBITDA margin improved to 21.8%, an increase of 245 basis points compared to the previous year. Profit after tax (PAT) grew by 30.5% year-on-year to Rs. 100.2 crore from Rs. 76.8 crore in Q3 of the last fiscal year.

For the first nine months of FY2024, Affle's consolidated revenue from operations was Rs. 1,664.1 crore, a 24.5% year-on-year increase. EBITDA for this period stood at Rs. 349.2 crore, up by 33.3% year-on-year, with the EBITDA margin improving by 138 basis points to 21.0%.

A key driver of Affle's performance has been its Cost Per Converted User (CPCU) business. In Q3 FY2025, the company delivered 10.3 crore converted users, a 23.3% year-on-year increase. The total number of converted users for the first nine months of FY2025 reached 28.9 crore. The CPCU Revenue for Q3 FY2025 was Rs. 596.8 crore, marking a 25.0% year-on-year growth.

In a strategic move, Affle's Board of Directors has reappointed Anuj Khanna Sohum as the Chairperson for the next ten years, in addition to his existing roles as Managing Director and CEO. This decision aims to maintain continuity in the company's leadership and strategic direction.

Commenting on the results, Sohum, the Chairperson, MD and CEO of Affle said:

“Q3 FY2025 marked a landmark period for Affle, as we surpassed Rs. 600 crore revenue, Rs. 100 crore PAT and over 100 million CPCU conversions for the first time ever in a quarter, with broad-based growth across geographies and industry verticals. Our focused execution on higher productivity, operational efficiency and continuous innovation enabled us to achieve yet another quarter of significant EBITDA growth marking our highest-ever quarterly EBITDA, with robust margin expansion.

Despite a formidable global macro environment, we continued to witness accelerated business momentum. As RoAS and ROI take centre-stage in advertisers’ strategic planning, our distinct moat in conversions-driven CPCU advertising, positions us at the forefront of delivering consistent, scalable and profitable outcomes for the brands globally.

Looking ahead, we are optimistic of the industry trends and future-ready to leverage upon new market opportunities & deliver sustainable growth for all our stakeholders.”

Affle's proprietary consumer intelligence platform continues to be central to its operations, delivering consumer recommendations and conversions through contextual mobile ads while also addressing digital ad fraud. The platform's ability to power integrated consumer journeys for marketers, driving ROI and measurable outcome-led advertising, has contributed to Affle's position in the mobile advertising space.

As Affle continues to develop its global presence and technological capabilities, the company appears well-positioned to address the growing demand for digital advertising solutions in an increasingly connected m