Affle 3i (AFFLE) Q3 24/25 earnings summary

Executive summary

• Achieved record quarterly revenue exceeding INR 6,000 million and PAT over INR 1,000 million in Q3 FY25, with more than 100 million CPCU conversions at the highest CPCU rate to date.

• Revenue grew 20.6% year-on-year and PAT increased 30.5% year-on-year for Q3 FY25; nine-month revenue up 24.5% and PAT up 32.9% year-on-year.

• Maintained a leading position in India and global emerging markets, with 73.6% of Q3 revenue from these regions and developed markets contributing 26.4%.

• Continued focus on technology innovation, AI/ML, data privacy, and a robust patent portfolio, with multiple industry recognitions.

• Board approved unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2024, reviewed by independent auditors.

Financial highlights

• Q3 FY25 consolidated revenue: INR 6,017 million, up 20.6% year-on-year and 10.8% quarter-on-quarter; nine-month revenue: INR 16,641 million, up 24.5%.

• EBITDA reached INR 1,314 million, up 35.9% year-on-year, with margin expanding to 21.8%; PAT: INR 1,002 million, up 30.5% year-on-year.

• Operating cash flow for nine months: INR 2,837 million; positive cash generation maintained.

• Standalone Q3 revenue: INR 1,876 million; standalone net profit: INR 291.95 million.

• Basic EPS (consolidated) for Q3: INR 7.15, up from INR 5.72 year-on-year.

Outlook and guidance

• Confident of delivering 20%+ growth in FY25 and sustaining this trajectory, with focus on organic and inorganic growth.

• Medium-term EBITDA margin target around 23%, PAT margin 17–18%.

• Long-term tax rate expected at ~19%.

• Management expects Q4 to be in line with Q3, with continued focus on bottom-line efficiencies.

• Emphasis on verticalized strategies within resilient industry segments to sustain revenue momentum.