Q4 2026 Affle 3i Ltd Earnings Call Transcript
Key Points
- Affle 3i Ltd (BOM:542752) achieved its 13th consecutive quarter of sequential top-line growth, with Q4 FY 2026 revenue increasing by 20.3% year-on-year to INR 7.24 billion.
- The company reported a robust EBITDA growth of 26.3% year-on-year for the full year, reaching INR 6.1 billion, indicating strong operational efficiency.
- Affle 3i Ltd's CPCO business model continues to scale, delivering INR 120.3 million conversions at a CPCO rate of INR 60, translating into CPCO revenues of INR 7.21 billion.
- The company has been recognized as a technology thought leader, earning accolades such as the best MarTech platform of the year and several other industry awards.
- Affle 3i Ltd is actively pursuing inorganic growth opportunities, with a preferential issue of equity shares approved to strengthen its balance sheet for potential acquisitions.
- Despite the growth, the company's profit after tax (PAT) growth was relatively subdued at 16% year-on-year, partly due to a lower effective tax rate in the previous year.
- There was a noted reduction in gross margins over the past several quarters, attributed to investments in verticalization and premium positioning.
- The geopolitical environment posed challenges, causing temporary softness in select markets and verticals during the quarter.
- The company faces competitive pressures in the evolving GenAI era, with the need to maintain its edge through direct-to-advertiser integrations and first-party data strategies.
- Affle 3i Ltd's other income declined by 17% in FY26, primarily due to exchange rate fluctuations affecting treasury operations.
Ladies and gentlemen, good day, and welcome to the Affle 3i Limited Q4 and 12-month FY 2026 earnings conference Call hosted by Ambit Capital. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Ashwin Mehta from AMBIT Capital. Thank you, and over to you, sir.
Thank you, [Iqra] Good morning, everyone. On behalf of AMBIT Capital, we welcome you all to the Q4 and 12-month FY '26 Conference Call of Affle 3i Limited. I take this opportunity to welcome the management of Affle 3i Limited, represented by Mr. Anuj Khanna Sohum, who is Chairperson, MD and CEO of company; and Mr. Kapil Bhutani, who is the Chief Financial and Operations Officer 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 the slide 2 of the company's earnings presentation for a detailed
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