Over the medium term, analysts at ICICI Securities believe Affle could sustain ~20% revenue CAGR, supported by rising CPCU realisations, international expansion, and scaling of new verticals.
Technology firm Affle 3i has reported a 17.8 per cent increase in consolidated net profit to Rs 103 crore in the March quarter. It had reported a profit (attributable to equity holders of the parent) of Rs 87.4 crore in the year-ago period, according to a regulatory filing. Revenue from operation during the quarter came in 18.9 per cent higher at Rs 602.2 crore, against Rs 506.2 crore a year ago. Sequentially, profit and revenue rose 2.79 per cent and 0.09 per cent, respectively. For the full FY25, profit rose 28.4 per cent to reach Rs 381.8 crore, while revenue increased 22.9 per cent to Rs 2,266.3 crore. Affle MD and CEO Anuj Khanna Sohum said the performance was driven by "consistent outperformance" of the company's CPCU (cost per converted user) business model and further amplified by favourable industry dynamics. "Having pioneered innovation and delivered meaningful impact over the past two decades, we now turn our focus to intelligence as a key growth driver. This integrate
Trent is seen testing its 20-month moving average after 10 years, and Pidilite after 15 years; technical charts suggest a pullback in these 5 stocks as long as key support levels are respected.
Shares of Affle India soared up to 3.81 per cent at Rs 1463.95 per share on the BSE after the mobile marketing platform received a patent in the US
Affle (India) share price zoomed as much as 6.68 per cent to hit a fresh 52-week high of Rs 1,461 after Citi's 'Buy' call. In comparison, BSE Sensex was trading 0.24 per cent higher at 80,155.59
Affle (India) Ltd Q4 results: The company's revenue from operations increased by 42.26% to Rs 506.22 crore in Q4, compared to Rs 355.82 crore reported in the year before
Global technology company Affle (India) Limited on Saturday reported a 21.4 per cent rise in its profit after tax at Rs 66.4 crore in the April-June quarter of this fiscal. The company promoted by Singapore-based Affle Holdings had registered a profit after tax (PAT) of Rs 54.5 crore in the first quarter of FY23, Affle India said in a release. The consolidated revenue from operations grew 17 per cent to Rs 406.6 crore in the reporting quarter as compared to Rs 347.5 crore in the year-ago period. The company's earnings before interest, tax, depreciation and amortization (EBITDA) increased to Rs 78.1 crore during the first quarter of this fiscal, up 13.7. per cent from Rs 68.7 crore in the year-ago quarter. The consumer intelligence driven firm, which transforms advertisements into recommendations helping marketers connect with their target audience, said it has "achieved its highest quarterly revenue run rate ever" in the reporting quarter which saw an "accelerated broad-based growt
The acquisition was closed after a months-long legal dispute between PhonePe and AGPL and Ventureast Fund on the valuation of IndusOS, which is alternatively called OSLabs.
PhonePe had placed a bid to acquire 92 per cent stake in Indus OS at a valuation of around $60 million
The board approved stock split from Rs 10 to Rs 2 to facilitate larger shareholder base and aid liquidity
The company will hold a board meeting on August 26, 2021, to consider and approve split of equity shares of the company, subject to approval of the shareholders
Given the subscription levels of some of the recent IPOs, analysts have started to be cautious and suggest investors do not subscribe to every IPO that hits the Street
With respect to Affle Global minority shareholding in OSLabs, AGPL finds that 100+ media stories were reported mostly with PhonePe's bias on the OSLabs related matters
PhonePe had placed a bid to acquire 92 per cent stake in Indus OS at a valuation of around $60 million. However, the biggest shareholder in the company, Affle, has opposed the deal
Bank of Baroda (BoB) reported a standalone net loss of Rs 1,047 crore in the quarter ended March 2021, as it shifted to a new tax regime
Hindustan Copper, Aarti Drugs, Dixon Technology, APL Apollo Tubes, Laurus Labs and Affle India, meanwhile, zoomed over 400 per cent during FY21
Vedanta Resources has raised $1.2 billion in a bond offering that saw strong investor interest
In the past one week, Route Mobile and Affle India have rallied up to 35 per cent, as compared to 1.5 per cent rise in the S&P BSE Sensex
The management believes the company is in multi-year technology transformation period of accelerated consumer adoption of mobile and connected devices globally
PNB plans to raise Rs 3,200 crore from share sale during the current quarter to enhance its capital base