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Published: Nov 6, 2023 9:08 AM | 1 min read
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Affle India has reported a revenue of Rs 431.3 crore in Q2 FY24, a growth of 6.1% QoQ and 21.6% YoY. The company’s Net Profit for the quarter stands at Rs 66.8 crore, up 13.2% YoY.
The revenue growth was broad-based coming from both CPCU business and non-CPCU business, across India and international markets.
In Q2FY24, the company’s revenue from India stood at Rs 124.6 crore (28.9% of revenue, up 9.5% YoY), while the international revenue has been recorded as Rs 306.7crore (71.1% of revenue, up 27.4% YoY).
EBITDA for the quarter stood at Rs 87.2 crore, up 11.7% QoQ and 23.2% YoY led by revenue growth, partially offset by an increase in data and inventory cost (up 5.2% QoQ and 18.7% YoY).
PAT for the quarter stood at Rs 66.8 crore, up 0.9% QoQ and 13.2% YoY led by revenue and EBITDA growth and lower tax expense (down 26.2% YoY) partially offset by a decrease in other income (down 22.6% YoY), increase in D&A cost (up 41.4% YoY) and increase in finance cost (up 90.0% YoY).
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