Affle 3i (AFFLE) Q1 24/25 earnings summary

Executive summary

• Revenue from operations reached INR 5,195.03 million in Q1 FY25, up 27.8% year-over-year, with broad-based gains across markets.

• EBITDA rose 34.0% year-over-year to INR 1,047 million, with margins improving to 20.1%.

• PAT increased 30.8% year-over-year to INR 865.90 million, maintaining a PAT margin of 15.9%.

• CPCU business model contributed 99.6% of revenue, with conversions up to 90.8 million in Q1 FY25.

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, were approved by the Board and reviewed by auditors without qualification.

Financial highlights

• Consolidated revenue from operations for Q1 FY25 was INR 5,195.03 million, up from INR 4,065.84 million in Q1 FY24.

• Consolidated net profit attributable to equity holders for Q1 FY25 was INR 865.90 million, compared to INR 661.78 million in Q1 FY24.

• EBITDA margin improved to 20.1% from 19.2% year-over-year.

• Basic and diluted consolidated EPS for Q1 FY25 were INR 6.18 and INR 6.17, respectively, up from INR 4.97 in Q1 FY24.

• Effective tax rate increased to 18.7% from 5.6% year-over-year.

Outlook and guidance

• Maintains a verticalized focus on high-growth categories such as e-commerce, fintech, gaming, and foodtech, with over 90% revenue contribution from these segments.

• Strategic emphasis on expanding global reach and deepening presence in both developed and emerging markets.

• The company continues to invest QIP and preferential issue proceeds in line with specified purposes, with unutilized balances held in deposits.