Affle reports strong performance for Q4 & 12M FY2023

Affle (India) Limited, a consumer intelligence driven global technology company, today announced results for the fourth quarter and twelve months ended March 31, 2023.

Affle reported results for Q4 FY2023 with a consolidated revenue from operations of Rs. 355.8 crore, an increase of 12.9% y-o-y from revenue of Rs. 315.1 crore in Q4 last year. EBITDA stood at Rs. 71.6 crore, an increase of 22.1% y-o-y. PAT increased by 18.4% y-o-y to Rs. 62.4 crore from Rs. 52.7 crore in Q4 last year. PAT margin stood at 16.7% in Q4 FY2023 as compared to 16.1% in Q4 last year. This growth was broad-based coming from both CPCU business and Non-CPCU business, across India & International markets.

For 12M FY2023, consolidated revenue from operations was at Rs. 1,434.0 crore, an increase of 32.6% y-o-y. EBITDA was at Rs. 293.0 crore, an increase of 37.2% y-o-y. PAT increased by 33.8% y-o-y to Rs. 245.3 crore. The company reported robust operating cash flows of Rs. 260.3 crores, with 106.1% of the profit realized as cash flow from operations.

The CPCU business noted strong momentum delivering 6.2 crore converted users in Q4 FY2023 and taking the total converted users delivered in FY2023 to 25.7 crore. Despite the global headwinds, the top industry verticals for the company continued to be resilient, helping it register a robust growth anchored on our CPCU business model and disciplined focus on higher profitability with margin expansion on a y-o-y basis.