Shares of Affle India surged over 5 percent to Rs 1,304 in the afternoon trading session on May 27 following the company’s announcement of a stellar quarterly performance.
Affle India reported robust financial results for the fourth quarter, showcasing significant growth across key metrics. The company witnessed a remarkable 40 percent year-on-year increase in consolidated net profit for the March quarter (Q4FY24), reaching Rs 87.5 crore, up from Rs 62 crore in the same period last year. Moreover, the net profit showed a sequential growth of 14 percent from Rs 76.8 crore in the December quarter.
The highlight of the quarterly report was the surge in revenue from operations, which jumped by an impressive 42 percent to Rs 506 crore in Q4FY24 compared to Rs 356 crore recorded a year ago.
Investors responded positively to Affle India’s strong performance, driving the company’s shares to trade 3.84 percent higher at Rs 1,274.90 on the National Stock Exchange (NSE) as of 2:20 PM.
