The shares of this small-cap company gained up to 4.7 percent after the company filed 15 patents in India, strengthening its global tech IP portfolio.
With a market capitalization of Rs 14,460.58 Crores. Affle India Ltd, On Thursday, The shares closed at Rs 1,085.35 a share, an increase of 1.86 percent from the previous closing price.
According to the exchange filing, Affle India Ltd filed 15 patents in India, strengthening its global tech IP portfolio. These newly filed patents cover advanced artificial intelligence (AI) subject areas, including automated AI agents, personalization & recommendation, predictive analysis, privacy management, enhanced fraud detection, and security.
In addition to the above para, These patents drive advancements in a variety of cutting-edge use cases, including the training and integration of generative AI agents, their interaction, and the utilization of advanced AI-driven capabilities throughout the value chain for conscientious conversion-driven marketing. The technology opens up newer use cases, such as intelligent interactions amongst connected devices and signals, beyond mobile-based interaction.
Looking into the company’s performance, Affle India Ltd’s revenue increased by 21.6 percent from Rs 354.59 Crore in Q2FY23 to Rs 431.3 Crore in Q2FY24. During the same period, net profits increased by 13.22 percent from Rs 58.98 crore to Rs 66.78 crore.
Affle India Ltd’s reported return ratios in the recent financial year with a return on equity (ROE) of 18.67 percent and a return on capital employed (ROCE) of 20.24 percent.
Affle India Ltd’s recent shareholding pattern, The Promoters of The company own 59.89 percent while Retail shareholders own a 16.17 percent stake in the company and Foreign Institutional Investors own a 9.66 percent stake.
Global technology company Affle has a unique consumer intelligence platform that turns advertisements into suggestions, assisting marketers in efficiently locating, interacting with, acquiring, and closing deals with both current and potential customers.
Written By-: Abhishek Singh
