On a consolidated basis, Affle (India) reported a 23.3 per cent rise in net profit to Rs 58.68 crore on 29.1 per cent and an increase in net revenue from operations to Rs 354.59 crore in the second quarter of FY23 over the second quarter of FY22. The PBT stood at Rs 67.66 crore, up by 18.6 per cent in Q2FY23 from Rs 57.03 crore reported in Q2FY22. Profit after tax (PAT), excluding non-operating exceptional items, increased by 39.6 per cent YoY to Rs 58.7 crore from Rs 42 crore in Q2FY22.

During the quarter, EBITDA stood at Rs 72.3 crore, an increase of 38.8 per cent yearly and a 5.3 per cent rise quarterly. The CPCU business noted strong momentum delivering 6.5 crores converted users in the second quarter of FY23, an increase of 32.7 per cent on a yearly basis.

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 FY223.”

The company’s proprietary consumer intelligence platform delivers consumer engagements, transactions and acquisitions through relevant mobile advertising. To enhance returns on marketing investment through contextual mobile, which reduces digital ad fraud.

On 7 November 2022, the stocks declined 0.71 per cent to settle at Rs 1,154.25.