Affle 3i Limited (formerly known as Affle (India) Limited) has announced its unaudited financial results for the first quarter, showcasing strong growth across key financial metrics.

Financial Highlights

• Consolidated Revenue: ₹6,207.40 crore, up 19.5% year-over-year
• Consolidated Profit After Tax: ₹1,055.00 crore, increasing 21.8% year-over-year
• Earnings Per Share: ₹7.52, improved from ₹6.18 in the same quarter of the previous year

Standalone Performance

• Revenue from Operations: ₹1,989.56 crore, growing from ₹1,631.46 crore year-over-year
• Standalone Profit After Tax: ₹297.00 crore, up from ₹281.68 crore year-over-year

Quarterly Performance Overview

Affle 3i Limited demonstrated robust financial performance in the first quarter. The company's consolidated revenue from operations saw a significant increase of 19.5%, reaching ₹6,207.40 crore compared to ₹5,195.03 crore in the same quarter of the previous fiscal year.

The company's profitability also showed marked improvement, with consolidated profit after tax rising by 21.8% to ₹1,055.00 crore, up from ₹865.90 crore in the corresponding quarter. This growth in profitability outpaced the revenue growth, indicating improved operational efficiency.

Earnings Per Share and Shareholder Value

Earnings per share (EPS) on a consolidated basis improved to ₹7.52 from ₹6.18 in the corresponding quarter of the previous year, representing a 21.7% increase. This growth in EPS reflects the company's ability to enhance shareholder value.

Standalone Performance Insights

On a standalone basis, Affle 3i Limited reported a revenue from operations of ₹1,989.56 crore, showing a growth of 21.9% compared to ₹1,631.46 crore in the same quarter of the previous year. The standalone profit after tax reached ₹297.00 crore, marking a 5.4% increase from ₹281.68 crore in the previous year.

Management Review and Audit

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on July 26. Walker Chandiok & Co LLP, the statutory auditors, conducted a limited review of the financial results for the quarter.

Conclusion

Affle 3i Limited's Q1 results demonstrate the company's continued growth trajectory and operational strength. The significant increase in both revenue and profitability across consolidated and standalone figures underscores the company's robust business model and effective execution of its strategies in the dynamic digital advertising and technology sector.

Affle 3i Limited (NSE: AFFLE) has achieved a significant milestone in its technological innovation journey, securing its 14th patent in India. The latest patent is for an artificial intelligence-powered ad fraud detection system, further solidifying the company's position in the digital advertising technology space.

Cutting-Edge AI Technology

The newly patented technology focuses on real-time detection of fraudulent digital ad traffic using advanced machine learning techniques. This innovation is expected to enhance the integrity and efficiency of digital advertising campaigns, providing more value to Affle's clients and partners.

Strengthening Intellectual Property Portfolio

With this latest addition, Affle has further strengthened its intellectual property portfolio in India. The company's continued focus on research and development in AI and machine learning demonstrates its commitment to addressing critical challenges in the digital advertising industry.

Implications for Digital Advertising

The AI-powered ad fraud detection system is designed to:

• Identify and filter out fraudulent ad traffic in real-time
• Improve the accuracy and effectiveness of digital advertising campaigns
• Enhance trust and transparency in the digital advertising ecosystem

This patent underscores Affle's dedication to combating ad fraud, a persistent issue that has long plagued the digital advertising industry. By leveraging artificial intelligence and machine learning, Affle aims to provide more reliable and efficient advertising solutions to its clients.

As the digital advertising landscape continues to evolve, innovations like Affle's AI-powered ad fraud detection system are likely to play a crucial role in shaping the future of the industry, ensuring better returns on investment for advertisers and a more trustworthy environment for consumers.