Revenue from operations stood at Rs 5,195 crore, up 27.8% from Rs 4,066 crore in Q1FY24.
In a statement, the company said its growth is focused on its CPCU (cost per converted user) business model and “improved profitability through year-over-year operating margin expansion.”
“The CPCU business showed strong growth by acquiring 910 million users in Q1FY25, with CPCU revenue growing 37% YoY to Rs 51.77 billion,” the statement said.
On a quarter-on-quarter basis, net profit declined 1.02% while revenue grew 2.62%. EBITDA (earnings before interest, tax, depreciation and amortisation) stood at Rs 1,047 crore for the quarter, up 34% year-on-year. Afure MD & CEO Anuj Khanna Sohum said the quarter saw the company’s highest quarterly revenue run rate, highest EBITDA and consumer conversion in its history. “This performance is a result of our strategic initiative to consolidate all our businesses and platform operations into a unified, fully integrated unit to further strengthen our consumer-centric platform offering.”
“We have further deepened market penetration through strategic enhancements to our Affle2.0 consumer platform stack, including responsible integration and deployment of GenAI-powered solutions backed by the extensive GenAI patent portfolio,” he said.
Affle is optimistic about the industry’s future, adding that it is well-positioned to maintain its strong growth momentum.
