Mumbai: Affle (India) Ltd., a consumer intelligence driven global technology company, today announced results for the fourth quarter and twelve months ended 31 March 2023.
Q4 FY2023 Highlights:
Revenue from Operations of Rs 355.8 crore (growth of 12.9 per cent y-o-y)
EBITDA at Rs 71.6 crore (growth of 22.1 per cent y-o-y)
Profit After Tax1 at Rs 62.4 crore (growth of 18.4 per cent y-o-y)
12M FY2023 Highlights:
Revenue from Operations of Rs 1,434.0 crore (growth of 32.6 per cent y-o-y)
EBITDA at Rs 293.0 crore (growth of 37.2 per cent y-o-y)
Profit After Tax (PAT)1 at Rs 245.3 crore (growth of 33.8 per cent y-o-y)
Affle reported results for Q4 FY2023 with a consolidated revenue from operations of Rs 355.8 crore, an increase of 12.9 per cent y-o-y from revenue of Rs 315.1 crore in Q4 last year. EBITDA stood at Rs 71.6 crore, an increase of 22.1 per cent y-o-y. PAT increased by 18.4 per cent y-o-y to Rs.l 62.4 crore from Rs 52.7 crore in Q4 last year. PAT margin stood at 16.7 per cent in Q4 FY2023 as compared to 16.1 per cent in Q4 last year. This growth was broad-based coming from both CPCU business and Non-CPCU business, across India & International markets.
For 12M FY2023, consolidated revenue from operations was at Rs 1,434.0 crore, an increase of 32.6 per cent y-o-y. EBITDA was at Rs. 293.0 crore, an increase of 37.2 per cent 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 per cent 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.
Commenting on the results, Affle MD & CEO Anuj Khanna Sohum said, “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. FY2023 was transformational for Affle as we continued to further enhance our platforms, ecosystem-level partnerships & teams while penetrating deeper across markets. We continued to further verticalize our capabilities towards high-growth industry verticals to drive greater productivity and profitability. While the global headwinds were challenging, long-term adtech industry tailwinds remain well-grounded, anchored on fast-evolving consumer trends accelerated towards adoption of connected devices and immersive technologies. This promises consistent long-term growth in ad-spending globally and our outlook for FY2024 remains optimistic. We are strongly positioned to leverage these market dynamics while continuing to invest in organic growth as well as invest in credible consolidation opportunities with greater emphasis on bottom-line financial fundamentals and cash flow returns.”
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