Shares of Affle India shares gained 6 percent to Rs 1,304 in the afternoon on May 27 after the company reported a record quarterly revenue run-rate, EBITDA, and net profit in the fourth quarter.
The company reported a 40 percent year-on-year increase in consolidated net profit for the March quarter (Q4FY24) at Rs 87.5 crore, up from Rs 62 crore in the same period last year. Sequentially, the net profit rose 14 percent from Rs 76.8 crore in the December quarter.
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The company's revenue from operations surged by 42 percent to Rs 506 crore in Q4FY24 as compared to Rs 356 crore a year ago.
For FY24, the company's net profit rose to 21.5 percent to Rs 297 crore, compared to Rs 244.58 crore reported at the end of FY23. "With over 5X growth in topline and profitability in the last five years powered by our unique ROI-linked CPCU business model, and our continued investments in tech, markets and team expansion, we are poised to continue our trajectory of robust growth with enhanced profitability," the management said.
At about 1:45 pm, shares of the company were trading at Rs 1,277 apiece, up 4 percent from the previous close on the NSE. Affle India shares have slipped 2 percent since the start of the year.
Affle provides mobile advertisement services through information technology and software development services for mobiles in India and abroad.
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