Q1 2025 Affle (India) Ltd Earnings Call Transcript
Key Points
- Affle India Ltd (BOM:542752) achieved a 27.8% year-on-year revenue growth in Q1 FY25, reaching INR5,195 million.
- The company reported its highest quarterly EBITDA of INR1,047 million, reflecting a 24% year-on-year increase.
- Affle India Ltd (BOM:542752) successfully integrated all acquired businesses, enhancing operational efficiency and strategic synergies.
- The CPCU business delivered 90.8 million conversions at a CPCU rate of INR57, contributing to a 37% year-on-year increase in CPCU revenue.
- The company demonstrated strong growth in developed markets, with a 36.9% year-on-year increase, contributing 26.8% to quarterly revenues.
- Employee expenses grew by only 4% year-on-year, indicating potential constraints in workforce expansion.
- The effective tax rate increased to 8.7%, impacting the net profit margins.
- Data inventory costs stood at 6.6% of revenues, which could affect profitability if not managed efficiently.
- The company's gross margin has not returned to previous highs of 48-50%, indicating challenges in margin expansion.
- There is ongoing uncertainty regarding the impact of Google's privacy sandbox project on future operations.
Ladies and gentlemen, good day, and welcome to the Affle India Limited Q1 FY25 Earnings Conference Call hosted by Anand Rathi. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Shobit Singhal from Anand Rathi. Thank you. And over to you, sir.
Thank you, Neha. Good morning, everyone. On behalf of Anand Rathi Institution Equities, we welcome you all to Q1 FY25 Conference Call of Affle India Limited. I take this opportunity to welcome the management of FL India Limited represented by Mr. Anuj Khanna Sohum, who is Managing Director and CEO of the company; and Mr. Kapil Bhutani, who is the CFO of the company.
Before we begin with the discussion, I would like to remind you that some of the statements made in today's conference call may be forward-looking in nature and may involve some risks and uncertainties. Kindly refer to slide 21 of the company's earnings presentation for a detailed disclaimer.
I will now
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