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Hot Pursuit News

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(05 Feb 2024, 10:23)

Affle (India) gains as Q3 PAT jumps 11% YoY to Rs 77 cr

Affle (India) rose 1.44% to Rs 1,248.05 after the company’s consolidated net profit increased 11.14% to Rs 76.81 crore on 32.61% jump revenue from operations to Rs 498.70 crore in Q3 FY24 over Q3 FY23.

As compared with Q2 FY24, the company’s net profit jumped 15% and revenue rose 15.6%.

Profit before tax rose 4.12% to Rs 83.38 crore in the Q3 FY24 as compared with Rs 80.07 crore recorded in the corresponding quarter last year.

EBITDA stood at Rs 96.7 crore in Q3 FY24, registering a growth of 20.27% YoY as compared with Rs 804 crore recorded in Q3 FY23. EBITDA margin contracted to 19.4% in Q3 FY24 as against 21.4% posted in Q3 FY23.

The CPCU business noted strong momentum to deliver 8.4 crore converted users in Q3 FY2024. The CPCU revenue stood at Rs 477.4 crore in Q3 FY2024, an increase of 38.2% YoY and 19.2% QoQ. The top industry verticals for the company continued to be resilient, helping it register a robust growth anchored on the CPCU business model.

Anuj Khanna Soh...

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