Affle Q2 Profit Rises 14% to Rs 67 Crore - Business News
By Rediff Money Desk, NEWDELHI Nov 04, 2023 21:00
Mobile advertising firm Affle India reported a 13.8% rise in consolidated profit to Rs 66.8 crore in the September quarter. Read more about the company's performance.
New Delhi, Nov 4 (PTI) Mobile advertising firm Affle (India) on Saturday reported a 13.8 per cent increase in consolidated profit to Rs 66.8 crore in the September quarter.
The company registered a net profit of Rs 58.7 crore in the year-ago period, the company said.
The consolidated revenue of Affle increased 21.6 per cent to Rs 431.3 crore during the quarter from Rs 354.6 crore a year ago.
Affle MD and CEO Anuj Khanna Sohum said the growth for the company has been broad-based coming from existing as well as new customers across India and global emerging markets, which continue to perform well despite the tough macro-economic conditions globally.
"The resilient nature of our business helped us achieve highest quarterly revenue run rate, highest EBITDA... in the second quarter of FY24," Sohum said.
The company registered a net profit of Rs 58.7 crore in the year-ago period, the company said.
The consolidated revenue of Affle increased 21.6 per cent to Rs 431.3 crore during the quarter from Rs 354.6 crore a year ago.
Affle MD and CEO Anuj Khanna Sohum said the growth for the company has been broad-based coming from existing as well as new customers across India and global emerging markets, which continue to perform well despite the tough macro-economic conditions globally.
"The resilient nature of our business helped us achieve highest quarterly revenue run rate, highest EBITDA... in the second quarter of FY24," Sohum said.
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 9.80 ( -0.71)
- 44492337
- G V Films
- 0.94 (+ 9.30)
- 37404318
- Jaiprakash Power Ven
- 19.44 ( -3.38)
- 30530141
- Spicejet Ltd.
- 62.79 ( -4.25)
- 22824171
- Srestha Finvest
- 0.89 (+ 4.71)
- 21696619
MORE NEWS
Zomato CEO Calls for Better Treatment of...
Zomato CEO Deepinder Goyal experienced firsthand the challenges faced by delivery...
Samsung Labor Strike: Talks Held in Tamil Nadu
Samsung officials met with Tamil Nadu's Industries Minister to resolve the ongoing...
Paytm CEO on Consumer Payments Focus &...
Paytm CEO Vijay Shekhar Sharma outlines the company's focus on recovering lost consumer...