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
- ARC Finance
- 1.51 (+ 2.72)
- 99106131
- Vodafone Idea L
- 8.27 (+ 1.72)
- 37910491
- Guj. Toolroom Lt
- 18.98 (+ 4.98)
- 33052379
- Srestha Finvest
- 0.81 ( -2.41)
- 24087791
- Filatex Fashions
- 0.69 ( -4.17)
- 20455844
MORE NEWS
CCI Clears Coal India in E-Auction Scheme Case
India's competition watchdog CCI dismissed a complaint against Coal India's e-auction...
HDFC Bank Loan Growth Rises 3% in Q3
HDFC Bank reports a 3% increase in loan growth in the December quarter, reaching Rs...
IDBI Bank Reports 18% Loan Growth in Q3
IDBI Bank saw an 18% increase in loan growth during the December quarter, reaching Rs...