Affle 3i (NSE:AFFLE) Operating Income: ₹4,857 Mil (TTM As of Mar. 2026)

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NSE:AFFLE Affle 3i Ltd NSE:AFFLE
91 GF Score
Price ₹1,492.80
GF Value ₹2,043.63
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Affle 3i Operating Income?

Affle 3i NSE:AFFLE +3.29% 91 Operating Income is ₹4,857 Mil as of Mar. 2026. GuruFocus rates NSE:AFFLE with a GF Score™ of 91/100 and a GF Value™ of ₹2,043.63 (Modestly Undervalued). The stock has 2 warning signs investors should review.

Affle 3i's Operating Income for the three months ended in Mar. 2026 was ₹1,277 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was ₹4,857 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Affle 3i's Operating Income for the three months ended in Mar. 2026 was ₹1,277 Mil. Affle 3i's Revenue for the three months ended in Mar. 2026 was ₹7,244 Mil. Therefore, Affle 3i's Operating Margin % for the quarter that ended in Mar. 2026 was 17.64%.

Warning Sign:

Affle 3i Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -2.8%.

Affle 3i's 5-Year average Growth Rate for Operating Margin % was -2.80% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Affle 3i's annualized ROC % for the quarter that ended in Mar. 2026 was 20.45%. Affle 3i's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8,306.69%.


Affle 3i  (NSE:AFFLE) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Affle 3i's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=5109.96 * ( 1 - 19.25% )/( (0 + 20180.92)/ 1 )
=4126.2927/20180.92
=20.45 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=44214.92 - 6300.82 - ( 17733.18 - max(0, 7346.6 - 26396.23+17733.18))
=20180.92

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Affle 3i's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=5960.88/( ( (0 + max(0, 0)) + (71.76 + max(-1854.76, 0)) )/ 1 )
=5960.88/( ( 0 + 71.76 )/ 1 )
=5960.88/71.76
=8,306.69 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(3856.13 + 0 + 1514.25) - (6300.82 + 0 + 924.32)
=-1854.76

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Affle 3i's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=1277.49/7243.77
=17.64 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Affle 3i Operating Income Related Terms


Affle 3i Operating Income Historical Data

* Premium members only.

The historical data trend for Affle 3i's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Affle 3i Operating Income Chart

Affle 3i Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,825.64 2,394.71 2,889.47 3,864.63 4,856.80

Affle 3i Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,073.85 1,138.53 1,142.26 1,298.52 1,277.49
NSE:AFFLE
91GF Score
Affle 3i Ltd NSE:AFFLE
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Affle 3i Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹4,857 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹4,857 Mil mean?
Affle 3i (NSE:AFFLE) has a Operating Income of ₹4,857 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Affle 3i and its competitors.
Is Affle 3i's Operating Income too high?
Affle 3i's current Operating Income is ₹4,857 Mil. Overall, Affle 3i has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Affle 3i's Operating Income compare to APP and OMC?
Affle 3i's Operating Income of ₹4,857 Mil can be compared against companies in the Media - Diversified industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for a Media - Diversified company?
A good Operating Income depends on the Media - Diversified industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Affle 3i and its competitors. Affle 3i's current Operating Income is ₹4,857 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Affle 3i stock overvalued right now?
Based on GuruFocus' analysis, Affle 3i (NSE:AFFLE) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹2,043.63, compared to a current price of ₹1,492.80 — trading 27% below its estimated fair value. The current Operating Income is ₹4,857 Mil. Affle 3i's overall GF Score™ is 91/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Affle 3i (NSE:AFFLE), the current Operating Income is ₹4,857 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Affle 3i (NSE:AFFLE) Overvalued in 2026?

Based on GuruFocus' analysis, Affle 3i stock appears to be undervalued. The current stock price of ₹1,492.80 is trading 27% below its estimated GF Value™ of ₹2,043.63. GuruFocus considers Affle 3i to be Modestly Undervalued.

Key valuation signals for NSE:AFFLE:

  • Operating Income: ₹4,857 Mil
  • GF Value™: ₹2,043.63 vs. price of ₹1,492.80 (27% below fair value)
  • GF Score™: 91/100 with 2 warning signs

No single metric tells the full story. See the NSE:AFFLE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Affle 3i Business Description

Other Exchanges 542752:India
Address Unitech Commercial Tower - 2, 8th floor, Sector - 45, Gurugram, HR, IND, 122003
Affle 3i Ltd Formerly Affle India Ltd is engaged in the technology business across the globe. The company is engaged in a fragmented advertising and marketing tech ecosystem by providing an end-to-end integrated mobile marketing platform. The company's AI-powered deep learning algorithms and advanced platform solutions transform ads into consumer recommendations delivering enhanced engagement. The company has single segment of 'business of providing services in advertisement and software development'. Geographically the company operates in India only.
91GF Score

Get the complete analysis for NSE:AFFLE

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,492.80
Price
₹2,043.63
GF Value