The share price of this mid-cap firm IT firm surged around 4 percent to an intraday high of Rs 1,463.95 per share on Friday after the company announced that it has been granted a patent in the US in the field of optimizing user engagements.
Share price movement: With a market capitalization of Rs 19,978.39 crores, the shares of Affle India Limited surged around 0.92 percent at 12:35 pm trading at Rs 1,423.05 apiece on Friday’s afternoon session. The shares of this company generated an overall return of 35 percent over the past year and 11 percent over the past 6 months.
What happened: According to Affle India Limited’s stock exchange filings, the firm announced that it has been granted another patent in the US for the field of optimizing user engagements by enabling interaction between a user and a podcast using a podcast interaction system based on machine learning.
Why it matters: This grant improves the firm’s AI-powered recommendations and also overall improves its platform, enhancing the entire digital experience for users, even during live streams like podcasts.
Financials: Reviewing the financials of Affle India Limited on a year-on-year basis, the revenues rose by 28 percent from Rs 1,434 crores in FY23 to Rs 1,843 crores in FY24. In the same time frame, the net profits increased from Rs 245 crores to Rs 297 crores, demonstrating a 21 percent increase.
Ratios: In terms of return ratios for the year 2024, it has reported a return on equity (ROE) of 17 percent and a return on capital employed (ROCE) of 16.5 percent. It has also reported a net profit margin of 16.13 percent for the same year.
EBITDA and operating cash flows: The EBITDA of Affle India Limited rose by 23.2 percent from Rs 293 crores in FY23 to Rs 361 crores in FY24. The operating cash flows also rose by 0.76 percent from Rs 260 crores in FY23 to Rs 262 crores in FY23
Patent Portfolio: Affle Limited has a Total IP portfolio of 36 patents filed by the firm and this is the 10th patent that has been granted.
Revenue split: As for the revenue split in Q4FY24, 72.9 percent of the revenues were derived from India and emerging markets while the rest 27.1 percent from developed markets.
Patents: Affle India Limited has also secured 9 patents in the US and India for AI and Voice Intelligence, along with 27 new patents in the US, India, and Singapore for innovative and futuristic applications.
Shareholding Pattern: As of March 2024, the firm’s shareholding pattern stood at 56.92 percent for promoters, 13.57 percent for the public, 14.79 percent for foreign institutional investors, and 14.72 percent for domestic institutional investors.
About the Company: Incorporated in 1994, Affle India Limited is a global technology company with a proprietary consumer intelligence platform that transforms ads into recommendations helping marketers to effectively identify, engage, acquire, and drive transactions with their potential and existing users.
Written By Zahal
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