Affle reports strong performance for Q3 & 9M FY2022

Affle (India) Limited, a consumer intelligence driven global technology company, today announced the results for the third quarter and nine months ended December 31, 2021.

Affle reported a strong performance for Q3 FY2022 with a consolidated revenue from operations of Rs. 339.4 crores, an increase in revenue of 125.5% y-o-y from Rs. 150.5 crores in Q3 last year. EBITDA was at Rs. 67.7 crores, an increase of 76.4% y-o-y. PAT increased by 102.6% y-o-y to Rs. 62.1 crores from Rs. 30.6 crores in Q3 last year. This growth was broad-based coming from both CPCU business and Non-CPCU business, across India & International markets.

For 9M FY2022, consolidated revenue was at Rs. 766.6 crores, an increase of 104.3% y-o-y. EBITDA was at Rs. 154.8 crores, an increase of 62.4% y-o-y. PAT increased by 90.6% y-o-y to Rs. 145.4 crores and PAT margin stood at 18.0%. 

The CPCU business continued the growth momentum delivering 5.8 crores of converted users in Q3 FY2022, an increase of 91.2% y-o-y and taking the total converted users delivered in 9M FY2022 to 13.9 crores. The top industry verticals for the company continued to be high growth, helping it register a strong performance in this quarter.