Affle 3i

“I believe you will see that within this financial year, we will see better margin expansion, especially in Developed Markets.”

“we are on course for our 10x growth plans and we will deliver it well ahead of the decade ending.”

“India and global Emerging Markets continue to anchor our business growth, growing by 20.2% y-o-y and contributing 72.2% of our revenues in Q1 FY2027.”

“Developed Markets, which grew by 20.7% y-o-y and contributed 27.8% of our revenues.”

“While on adjusted basis, our India revenue increased by 18.1% y-o-y and 5.9% q-o-q.”

“For us, India and Emerging Markets will continue to grow meaningfully in a sustained way. We don't see any challenge in that.”

“So when we go to Developed Markets, we are seeing better unit economics in that sense.”

“As we look ahead to the upcoming festive quarter, we remain encouraged by the demand environment across our key markets.”

“if you look at the total ad spend in the world, Developed Markets would easily take more than 50% of the share of the ad budgets that are getting allocated or spent in those markets.”

“At the moment, CTV is showing very positive engagement with our consumers.”

“No, we are not seeing any impact. I believe what we are seeing instead is a lot more time that the consumers are spending on their devices.”

“This was driven by a broad-based momentum across industry verticals in both India and international markets.”

“Our EBITDA margins also improved from 22.3% to 22.4% q-o-q.”

“Further, we did not see any major volatility in Forex rates in the current quarter as seen in Q4.”

“Coming to our Opex, our Inventory and Data costs stood at 63.2% of revenue from operations and remained broadly in line with our previous quarter.”

“Our Employee Costs increased by 3.4% sequentially, primarily on account of annual release of appraisals and bonuses in few geographies.”

“Year-on-year, our Employee Costs increased by 7.8%, despite higher outflows due to impact of currency.”

“We continue to prioritize efficient working capital management and as such, there were no material changes in our collection risk. The company is on track to achieve robust OCF to PAT ratio for the full year.”

“I had 110% OCF to PAT ratio in FY2026, that means I collected about INR 40 crore, INR 45 crore in operating cash flows in the month of March, ahead of the year-end.”

“We have also raised the appropriate amount of funding to get ourselves ready for that.”

“We aim to close the larger M&A by early 2027 and the identified targets shall accelerate our expansion across Developed Markets by providing deeper and differentiated access to customers and verticals.”

“we are making strong progress on the larger inorganic acquisition, as we enter the phase of due diligence by third-party advisors appointed by us.”

“At that time, the pricing that we were asked to bid was around $400 million.”

“So, AdColony is meaningful and it will just happen in the normal course of business. It is not that we have to invest any humongous amount of ongoing capital.”

“In terms of our approach, I think we are clear that any acquisition that we would do has to be accretive on the bottom line.”

“This is robust considering the negative impact of regulatory and macroeconomic headwinds on some customer segments like RMG.”

“Last year RMG was a contributor, this year it is not. Similarly, there were certain areas of impact we saw in FinTech and certain categories.”

“we believe for a very paltry sum of INR 5 crore or something, they have allowed for this insolvency proceeding to happen. But the matter is, with the courts, we have appealed and challenged.”

“we will be very prudent. We will take a decisive step in the next few quarters.”

“since it is in early stage, there is no reliable basis to make a permanent impairment on the asset. So, it has been discussed that the impairment would be tested once the appeal is decided in NCLT.”

“During the quarter, we delivered revenues of INR 7.47 billion, a growth of 20.4% y-o-y.”

“Q1 FY2027 marks our 14th consecutive quarter of sequential top-line growth”

“because on an adjusted basis, 95% of our revenues have actually seen over 25% growth y-o-y.”

“EBITDA stood at INR 1.68 billion for the quarter and recorded a robust 20% y-o-y growth, with stable EBITDA margins at 22.4%.”

“Profit After Tax for the quarter stood at INR 1.28 billion, growing by 21.7% y-o-y.”