This AI stock that deals in proprietary consumer intelligence platforms and transforms advertisements into recommendations to help marketers identify, engage, and acquire effectively, was up by 7 percent after the company’s patent was granted on Intelligent Conversational Agents.
Share Price Movement
With a market capitalization of Rs. 22,420.02 Crores, the shares of Affle (India) Limited were up by 7.05 percent in the day’s trade touching a day’s high of Rs. 1,619.25 per share. The stock reiterated from the day’s high and was trading at Rs. 1,598.35 which is 5.67 percent higher than the previous closing price of Rs. 1,512.60 apiece.
It has delivered a return of 33.52 percent which has outperformed the Nifty Index in the past year.
What Happened?
The shares of Affle rose after exchange filings revealed that Affle (India) has been granted another patent in India subjected to the area of a System for switching and handover between one or more intelligent conversational agents.
This patent focuses on enabling seamless switching and handover between different intelligent systems or services which includes conversational agents, chatbots, and AR or VR agents while ensuring uninterrupted user experience across its digital platform.
Patented AI Functioning
This patent is focused on AI. It intelligently decides which system or agent is better suited to handle tasks that are specific and based on multiple factors such as the intent or complexity or preference of a query of a user, its past performance, and Agent engagement costs it ensures a smooth switching between multiple AI systems, without losing the context of the conversation.
This patent is Affle’s 12th patent granted out of a total IP portfolio of 36 Patents. This is one of the multiple patents filed by the company in the Artificial Intelligence or Intelligent Agents space with inventors of this patent including Anuj Khanna Sohum, Charles Yong, and Madhusudana Ramakrishna.
Q2YF25 Financial Highlights
Affle (India)’s consolidated revenue from operations has increased by 25.98 percent year on year from Rs. 431 crore in Q2FY24 to Rs. 543 crore in Q2FY25 and increased by 4.42 percent quarter on quarter from Rs. 520 crore in Q1FY25.
The company’s consolidated net profit has increased by 37.31 percent year on year from Rs. 67 crores in Q2FY24 to Rs. 92 crores in Q2FY25. As compared to Q1FY25, the company’s profits have increased by 5.74 percent quarter on quarter from Rs. 87 crore.
Business Segments
They recognize their revenue from operations under the consumer platform as its sole segment as of the September 2024 quarter.
Company Overview
Affle (India) Limited is a global technology firm that specializes in mobile advertising and utilizing a proprietary consumer intelligence platform to improve consumer engagement and drive conversions since 1994.
Written By Santhosh S
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
