Latest News | Affle Q1 Profit Up 31 Pc to Rs 86 Cr
Get latest articles and stories on Latest News at LatestLY. Technology firm Affle (India) has reported 30.8 per cent rise in consolidated net profit at Rs 86.59 crore for June quarter FY25.
New Delhi, Aug 4 (PTI) Technology firm Affle (India) has reported 30.8 per cent rise in consolidated net profit at Rs 86.59 crore for June quarter FY25.
It had clocked a net profit of Rs 66.17 crore in the year-ago period.
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".
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"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.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)