Affle India Ltd Share Price – NSE  /  BSE

IT - Software, Small Cap

Affle India announced that Noelia Amoedo Casqueiro has resigned both as Director of Affle (India) and its subsidiaries and as CEO of Affle Iberia S.L, Spain (earlier known as Mediasmart Mobile S.L.). Noelia joined Affle Group in March 2020 as part of the acquisition Mediasmart Mobile S.L. The resignations are effective from 01 July 2024 and it was based on mutual understanding achieved after the final payment was made under the Share Purchase Agreement dated 28 February 2020.

Further, it is also informed that Moshe Vaknin has also resigned as director of YouAppi entities, and the resignations are effective from 01 July 2024 and it was based on mutual understanding achieved after the final payment was made under the Share Purchase Agreement dated 24 May 2023.

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Affle India has granted 138,860 stock options to eligible employees of the Company on 27 May 2024.

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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 in revenue to Rs 1,842.81 crore in FY24 over FY23.

Commenting on the results, Anuj Khanna Sohum, the chairman, managing director (MD) and chief executive officer (CEO) of Affle said, “Q4 FY2024 marked a landmark period for Affle, as we achieved record growth on both year-over-year and sequential basis. We achieved our highest quarterly revenue run-rate, highest EBITDA, PAT and consumer conversions till date. This reflects our ongoing commitment to enhance our product capabilities delivering integrated platform solutions and premium propositions, as well as expand our technological prowess particularly in Gen AI, to significantly strengthen our market position.

As we conclude FY2024 on a strong note, our achievements are not just a testament to our resilience, but also a clear indicator of our long-term potential. With over 5X growth in topline and profitability in the last five years powered by our unique ROI-linked CPCU business model, and our continued investments in tech, markets and teams expansion, we are poised to continue our trajectory of robust growth with enhanced profitability.”

Affle (India) is a technology company with a proprietary consumer intelligence platform that delivers consumer engagements, acquisitions and transactions through relevant mobile advertising. The platform aims to enhance returns on marketing investment through contextual mobile ads and also by reducing digital ad fraud.

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Net profit of Affle India rose 40.21% to Rs 87.49 crore in the quarter ended March 2024 as against Rs 62.40 crore during the previous quarter ended March 2023. Sales rose 42.27% to Rs 506.22 crore in the quarter ended March 2024 as against Rs 355.82 crore during the previous quarter ended March 2023.

For the full year,net profit rose 21.54% to Rs 297.27 crore in the year ended March 2024 as against Rs 244.59 crore during the previous year ended March 2023. Sales rose 28.51% to Rs 1842.81 crore in the year ended March 2024 as against Rs 1433.96 crore during the previous year ended March 2023.

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