AFFLE · Information Technology
Affle 3i Ltd. reported revenue of ₹602 cr for October to December 2024, +20.6% on the year and +10.9% on the quarter. It is the highest quarterly revenue in the last 7 quarters on record.
Operating profit (EBITDA) was ₹131 cr, a margin of 21.8%, +232 bps on the year and +95 bps on the quarter. It is the widest margin of the last 7 quarters (range 19.2% to 21.8%). Operating costs grew +17.2% against revenue growth of +20.6%, so more of each rupee of sales reached operating profit.
Net profit was ₹100 cr, +29.9% on the year and +8.7% on the quarter, with earnings per share of ₹7.13. Profit before other income, one-offs and tax grew faster, at +41.1%; other income, one-offs or tax held the headline back. The tax rate was 19% against an average of 12% over the previous 6 quarters, which weighed on profit this quarter.
On earnings per share of ₹26.11 over the last four quarters, the stock at ₹1,626.10 trades at 62.3 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹499 cr | ₹506 cr | ₹520 cr | ₹543 cr | ₹602 cr | ₹602 cr | ₹621 cr | ₹647 cr | ₹717 cr | ₹724 cr | ₹747 cr | ₹784 cr |
| YoY | — | — | +28% | +26% | +21% | +19% | +19% | +19% | +19% | +20% | +20% | +21% |
| EBITDA margin | 19.4% | 19.4% | 20.0% | 20.8% | 21.8% | 22.3% | 22.5% | 22.6% | 22.7% | 22.2% | 22.5% | 23.1% |
| Other income, % of PBT | 12% | 27% | 23% | 26% | 17% | 15% | 13% | 16% | 12% | 14% | 16% | 13% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 8% | 13% | 19% | 19% | 19% | 17% | 18% | 18% | 18% | 19% | 19% | 19% |
| Net profit | ₹77.0 cr | ₹87.0 cr | ₹87.0 cr | ₹92.0 cr | ₹100 cr | ₹103 cr | ₹106 cr | ₹111 cr | ₹119 cr | ₹120 cr | ₹128 cr | ₹130 cr |
| YoY | — | — | +32% | +37% | +30% | +18% | +22% | +21% | +19% | +17% | +21% | +17% |
| Core profit YoY | — | — | +37% | +33% | +41% | +44% | +37% | +35% | +24% | +21% | +19% | +23% |
| EPS | ₹5.48 | ₹6.24 | ₹6.18 | ₹6.56 | ₹7.13 | ₹7.34 | ₹7.50 | ₹7.86 | ₹8.48 | ₹8.49 | ₹9.12 | ₹9.21 |
| Flags | · | · | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Affle 3i Ltd. reported revenue of ₹602 cr (+20.6% on the year) and net profit of ₹100 cr (+29.9% on the year) for October to December 2024.
Profit before other income, exceptional items and tax moved +41.1% on the year, against +29.9% for reported profit.
None of the 7 checks that could run raised a question.
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