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Hot Pursuit News

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(27 May 2024, 10:34)

Affle rallies as Q4 PAT climbs 40% YoY to Rs 87 cr

Affle India added 3.60% to Rs 1,272 after the company's consolidated net profit jumped 40.21% to Rs 87.49 crore on 42.27% increase in net sales to Rs 506.22 crore in Q4 FY24 over Q4 FY23.


Profit before tax came at Rs 100.15 crore in Q4 FY24, up 43.37% from Rs 69.86 crore recorded in the same period last year.

EBITDA climbed 38.2% year on year to Rs 99 crore during the quarter. EBITDA margin declined to 19.5% in Q4 FY24 as compared to 20% posted in Q4 FY23.

The CPCU (cost per converted user) business noted strong momentum to deliver 8.8 crore converted users in Q4 FY2024, recording a growth of 41.4% YoY.

The CPCU revenue stood at Rs 503.8 crore in the March quarter, up 57.4% YoY. The top industry verticals for the company continued to show favourable momentum, helping it register a robust growth anchored on the CPCU business model, said the firm.

On a full year basis, the company’s consolidated net profit rose 21.54% to Rs 297.27 crore on 28.51% increase ...

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