Affle registers 128% growth in Q1 revenue at Rs 348 crore

Ad-tech company Affle's consolidated revenue from operations has registered a 127.9% y-o-y growth in Q1 FY23 at Rs 347.5 crore against Rs 152.5 crore in Q1 FY22. EBITDA has increased 95.9% to Rs 68.7 crore from Rs 35.1 crore. Net profit increased by 93.5% y-o-y to Rs 55.2 crore from Rs 28.5 crore.

The company reported operating cash flows of Rs 55.2 crore during the quarter, achieving 99.9% of PAT as operating cash flows. The company added that this growth was broad-based coming from both Cost Per Converted User (CPCU) business and non-CPCU business, across India & International markets.

Affle added that the CPCU business noted strong momentum delivering 6.2 crores of converted users in Q1 FY2023, an increase of 96.7% y-o-y. The top industry verticals for the company continued to be resilient, helping it register robust growth in this quarter.

Commenting on the results, Affle MD & CEO Anuj Khanna Sohum said, "This quarter too witnessed the accelerated broad-based growth in ad spends powered by our unique ROI-linked CPCU business model, coming across our top industry verticals in India & International markets. During the quarter, Affle was awarded Data Protection Trustmark (DPTM) certification for a period of three years by IMDA Singapore, making us part of a selective group of companies that made it to the DPTM and is a significant validation of our Affle2.0 strategy.

"We further enhanced our platforms while penetrating deeper across both new and existing markets as well as further verticalizing our capabilities towards high-growth emerging industry verticals. We are a differentiated business fundamentally inspired to deliver deep tech-powered futuristic use cases and innovation-led profitable growth, further augmenting our global market position. We remain optimistic of the industry trends and committed to driving a sustainable business impact for all our stakeholders.”