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Internet software & service firm Affle (India) announced Q2FY23 results:
- Q2FY2023 (YoY):
- Revenue from operations at Rs 354.6 crore, an increase of 29.1% YoY
- EBITDA at Rs 72.3 crore, an increase of 38.8% YoY
- Profit After Tax at Rs 58.7 crore, an increase of 39.6% YoY
- H1FY2023 (YoY):
- Revenue from operations at Rs 702.1 crore, an increase of 64.4% YoY
- EBITDA at Rs 141.0 crore, an increase of 61.8% YoY
- Profit After Tax at Rs 113.9 crore, an increase of 61.4% YoY
Anuj Khanna Sohum, MD and CEO of Affle, said: “We are elated to close yet another quarter of robust growth, having achieved our highest quarterly revenue run-rate, highest conversions and highest EBITDA in Q2 FY2023. Despite the ongoing global headwinds that have impacted businesses globally, the resilient nature of our Affle 2.0 strategy enabled well-balanced growth momentum across Q1 and Q2 this year.
Our significant bottom-line margin expansion on both QoQ and YoY basis in Q2FY2023 is a testament to our unique ROI-linked CPCU business model, the broad-based balanced growth and strong on-ground teamwork across global emerging markets. We have realigned our execution strategies to focus on higher profitability & productivity with greater emphasis on cash flows across all our organic and inorganic investments.
We remain confident of the long-term growth prospects supported by massive digital shift and we will continue to invest in our organic growth as well as evaluate value-driven inorganic investment opportunities with well calibrated focus on higher bottom-line growth for FY2023 and beyond.”
