{"id":136567,"date":"2022-11-11T09:40:13","date_gmt":"2022-11-11T14:40:13","guid":{"rendered":"https:\/\/44.250.171.167\/?p=136567"},"modified":"2022-11-11T09:40:15","modified_gmt":"2022-11-11T14:40:15","slug":"affle-india-ltd-q2-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/affle-india-ltd-q2-fy23-earnings-conference-call-insights\/","title":{"rendered":"Affle (India) Ltd Q2 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Affle (India) Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/AFFLE\/\">AFFLE<\/a>) Q2 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>[00:01:49] AFFLE said it closed 2Q23 with its highest quarterly revenue run rate, highest conversions and highest EBITDA, driven by the Affle 2.0 growth strategy, tech innovations and sustainable long-term value creation.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>[00:10:24] Shobit Singhal from Anand Rathi enquired that looking at macroeconomic risk globally, if AFFLE\u2019s clients are cutting their ad budget. Anuj Khanna Sohum MD replied that on a YoY basis and sequentially, AFFLE has seen substantial growth and even with risk factors, AFFLE will still continue to be growth oriented.<\/li>\n<\/ul>\n<ul>\n<li>[00:10:48] Shobit Singhal of Anand Rathi asked how much was Jampp contributed in 2Q23 vs. 1Q23. Anuj Khanna Sohum MD said that Jampp is more calibrated on developed markets than rest of Affle&#8217;s business. Overall, as a group and an integrated proposition, AFFLE is seeing clear advantages.<\/li>\n<\/ul>\n<ul>\n<li>[00:26:52] Anmol Garg from DAM Capital asked if the seasonality of Q3 will play out in 2023. Anuj Khanna Sohum MD said what AFFLE is looking at is H1 vs. H2. Seasonality\u2019s incremental budget will have a spillover effect in both Q3 and Q4, and AFFLE expect that the industry would on an average give a 10% higher sequential growth from H1 to H2.<\/li>\n<\/ul>\n<ul>\n<li>[00:27:27] Anmol Garg from DAM Capital also asked about forex gain in the cash flow statement of a tune of about INR7 crores and what does it regard to. Kapil Mohan Bhutani CFO replied that it pertains largely to foreign assets getting revalued.<\/li>\n<\/ul>\n<ul>\n<li>[00:31:10] Anmol Garg from DAM Capital enquired about the margin levers that can be thought about for 2H23. Anuj Sohum MD answered that the margins levers are driven by pricing, ensure enough volume and growth to meet or exceed industry trends, and keeping a tighter balance.<\/li>\n<\/ul>\n<ul>\n<li>[00:44:33] Ashwin Mehta of Ambit Capital asked about the employee cost increase in 2Q23 and the areas of investment there. Anuj Khanna Sohum MD answered that the employee cost is following the company\u2019s growth plan and is in line with its approach.<\/li>\n<\/ul>\n<ul>\n<li>[00:44:54] Ashwin Mehta of Ambit Capital enquired about the levels of intangible capitalization in 2Q23 and outlook on D&amp;A. Kapil Bhutani CFO answered that AFFLE\u2019s capitalization on intangibles for the newer product lines is almost similar to 1Q23 and around $2.2-2.3 million.<\/li>\n<\/ul>\n<ul>\n<li>[00:47:09] Ashwin Mehta from Ambit Capital asked about the reason for increase in amortization. Kapil Bhutani CFO clarified that YoY the amortization has changed as it catches up.<\/li>\n<\/ul>\n<ul>\n<li>[00:50:23] Arun Prasath from Spark Capital asked if the company is seeing any growth slowdown in India at the category level. Anuj Khanna Sohum MD said that India is to be looked on a sequential basis. On longer term trends, India is moving nicely.<\/li>\n<\/ul>\n<ul>\n<li>[00:58:51] Mayank Babla from Enam Asset enquired about the drivers of inventory and data cost coming down significantly and if this is the new normal. Anuj Khanna Sohum MD answered that for AFFLE, the data and inventory cost didn\u2019t come down but stayed flat. However, AFFLE added that the cost can be optimized by buying cheaper. AFFLE believes it should be range bound in an expected zone.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Affle (India) Ltd (AFFLE) Q2 FY23 Earnings Concall Management Update: [00:01:49] AFFLE said it closed 2Q23 with its highest quarterly revenue run rate, highest conversions and highest EBITDA, driven by the Affle 2.0 growth strategy, tech innovations and sustainable long-term value creation. Q&amp;A Highlights: [00:10:24] Shobit Singhal from Anand Rathi enquired that [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Affle (India) Ltd Q2 FY23 Earnings Conference Call Insights #AFFLE #Q2 #FY23 #Earnings #Stocks","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,8],"tags":[8588,10169,5075],"class_list":["post-136567","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-technology-stocks","tag-consulting","tag-earnings","tag-it-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":127215,"url":"https:\/\/alphastreet.com\/india\/affle-india-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":136567,"position":0},"title":"Affle (India) Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"February 8, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=RVaAfpGFKgY Key highlights from Affle (India) Ltd (AFFLE) Q3 FY22 Earnings Concall Management Update: AFFLE said that in less than two years, the team has achieved more revenue in 3Q22 than the full year revenue of FY20 reported post IPO. For the nine-months, AFFLE surpassed the previous full year\u2019s cash\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":129569,"url":"https:\/\/alphastreet.com\/india\/affle-india-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":136567,"position":1},"title":"Affle (India) Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 17, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=qWnaaZ0dEIA Key highlights from Affle (India) Ltd (AFFLE) Q4 FY22 Earnings Concall Q&A Highlights: Rahul Jain from Dolat Capital asked about the potential for growth going forward, given the pain one might see on funding of start-up in near future. Anuj Khanna MD replied that historically AFFLE has been beating\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":141218,"url":"https:\/\/alphastreet.com\/india\/affle-india-ltd-nse-affle-q3-fy23-results-out-total-income-rises-11-yoy\/","url_meta":{"origin":136567,"position":2},"title":"AFFLE (INDIA) LTD. (NSE: AFFLE): Q3 FY23 Results Out; Total Income Rises 11% YoY","author":"Divyansh_Kasana","date":"February 13, 2023","format":false,"excerpt":"Affle (India) Ltd (NSE:AFFLE) is an internet software and services firm that recently announced its Q3FY23 results. The results showed strong growth in both revenue and profits. In Q3FY23, revenue from operations was Rs 376.1 crore, an increase of 6.1% on a quarter-on-quarter basis and 10.8% on a year-on-year basis.\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":172859,"url":"https:\/\/alphastreet.com\/india\/affle-3i-q2-fy26-earnings-results\/","url_meta":{"origin":136567,"position":3},"title":"Affle 3i Q2 FY26 Earnings Results","author":"Divyansh_Kasana","date":"December 2, 2025","format":false,"excerpt":"Affle 3i Ltd, incorporated in 1994 as a global technology company with a proprietary consumer intelligence platform delivering AI-powered mobile advertising and consumer recommendations across 3.8+ billion devices, reported strong Q2FY26 results. Financial Highlights: Revenues increased 19.15% year-on-year to \u20b9647 crore from \u20b9543 crore, with record quarterly performance and CPCU\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Q2 FY26","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/AF.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/AF.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/AF.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/AF.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/AF.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/12\/AF.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":146143,"url":"https:\/\/alphastreet.com\/india\/earnings-affle-india-limited-nse-affle-q4fy23-results-out-total-income-rises-8-yoy\/","url_meta":{"origin":136567,"position":4},"title":"Earnings | Affle India Limited (NSE: AFFLE): Q4FY23 Results Out; Total Income rises 8% YoY.","author":"Divyansh_Kasana","date":"May 15, 2023","format":false,"excerpt":"Affle India is a Singapore-based technology company that specializes in consumer intelligence and mobile advertising. With its proprietary consumer intelligence platform, the company enables targeted consumer acquisitions, engagements, and transactions through mobile advertising. Founded in 2005, Affle India expanded to the Indian market in 2006. The company leverages its expertise\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-24.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-24.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-24.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-24.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-24.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/4b0b185d-fd09-4e7e-947d-ef141089055f-24.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":170538,"url":"https:\/\/alphastreet.com\/india\/affle-3i-q1-fy26-earnings-results\/","url_meta":{"origin":136567,"position":5},"title":"Affle 3i Q1 FY26 Earnings Results","author":"Divyansh_Kasana","date":"August 25, 2025","format":false,"excerpt":"Affle 3i Ltd, incorporated in 1994, is a global technology leader with a proprietary consumer intelligence platform that transforms ads into personalized recommendations, empowering marketers to effectively identify, engage, acquire, and drive transactions with their potential and existing users. Presenting below its Q1 FY26 Earnings Results: Q1 FY26 Earnings Results\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"AFFLE Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AFFLE.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AFFLE.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AFFLE.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AFFLE.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AFFLE.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AFFLE.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/136567","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=136567"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/136567\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=136567"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=136567"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=136567"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}