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Affle reports robust performance for Q4 & 12M FY2024

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Affle reported a robust performance for Q4 FY2024 with a consolidated revenue from operations of Rs. 506.2 crore, an increase of 42.3% y-o-y from revenue of Rs. 355.8 crore in Q4 last year. EBITDA stood at Rs. 99.0 crore, up by 38.2% y-o-y. EBITDA margin was at 19.5% in Q4 FY2024. PAT stood at Rs. 87.5 crore, up by 40.2% y-o-y.For FY2024, consolidated revenue from operations stood at Rs. 1,842.8 crore, an increase of 28.5% y-o-y. EBITDA was at Rs. 361.1 crore, an increase of 23.2% y-o-y and EBITDA margin stood at 19.6%. PAT increased by 21.5% y-o-y to Rs. 297.3 crore.The CPCU business noted strong momentum to deliver 8.8 crore converted users in Q4 FY2024, an increase of 41.4% y-o-y and taking the total converted users delivered in FY2024 to 31.3 crore.The CPCU revenue stood at Rs. 503.8 crore in Q4 FY2024, an increase of 57.4% y-o-y. The top industry verticals for the company continued to show favourable momentum, helping it register a robust growth anchored on the CPCU business model.

Commenting on the results, Anuj Khanna Sohum, the MD and CEO of Affle said:

“Q4 FY2024 marked a landmark period for Affle, as we achieved record growth on both year-over-year and sequential basis. We achieved our highest quarterly revenue run-rate, highest EBITDA, PAT and consumer conversions till date. This reflects our ongoing commitment to enhance our product capabilities delivering integrated platform solutions and premium propositions, as well as expand our technological prowess particularly in Gen AI, to significantly strengthen our market position.

As we conclude FY2024 on a strong note, our achievements are not just a testament to our resilience, but also a clear indicator of our long-term potential. With over 5X growth in topline and profitability in the last five years powered by our unique ROI-linked CPCU business model, and our continued investments in tech, markets and teams expansion, we are poised to continue our trajectory of robust growth with enhanced profitability.

This quarter underscored the success of our realigned strategies & teams, consistent efforts to enhance platform & product capabilities, relentless focus on R&D and deeper ecosystem-level partnerships.Our commitment remains steadfast in paving the way towards advanced digital technologies through responsible integration of Gen AI across conversion-driven marketing. In line to this, we filed 15 new patents in India during the quarter. We continue to expand the breadth of our tech IP assets and are investing in Gen AI powered innovations to go beyond the mere adoption of AI for cost efficiencies, but rather fortify our competitive moat and drive long-term revenue growth.

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Adani Foundation inaugurates a Medical Centre at Sanghipuram on Chairman’s birthday

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Ambuja Cements, the cement and building material company of the diversified Adani Portfolio, along with the Adani Foundation, is proud to mark the birthday of Shri Gautam Adani, Chairman – Adani Group, with the inauguration of Adani Medical Centre at its Sanghipuram plant, Gujarat. The Centre is fully equipped to provide basic healthcare facilities to the residents of remote villages in Abdasa and Lakhpat blocks, who had never benefitted from access to such facilities until now.

The Medical Centre comes equipped with a team of doctors, dedicated paramedical staff, and features an emergency trauma room with all the necessary diagnostic facilities such as defibrillator, ECG machine, oxygen concentrators, male and female wards, and a laboratory for conducting various blood and lipid profile tests. It also keeps a stock of a variety of anti-venom injections, emergency treatment for snake bites – a common occurrence in the region.

Adani Foundation also distributed tricycles and wheelchairs to 15 disabled individuals, conducted a tree plantation drive at the Sanghipuram colony, along with a generous celebration at the Kamla Rani Public School.

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The Iconic Nokia 3210 makes comeback in the Indian markets with YouTube & YouTube Music

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HMD announced the relaunch of the legendary Nokia 3210, marking the 25 years’ anniversary of its original release. The iconic phone that defined a generation is back in the Indian markets, and is available in three bold and nostalgic colors: Scuba Blue, Grunge Black, and Y2K Gold.In a world where digital detoxing is becoming increasingly popular, the Nokia 3210 offers a perfect solution for those looking to disconnect from the endless stream of social media, internet, and apps. Additionally, the Nokia 3210 features a preloaded UPI application approved by the National Payments Corporation of India (NPCI), enabling seamless scan-and-pay functionality and replicating the familiar smartphone payment experience.

Nokia 3210 unlocks the world of YouTube, YouTube Music and in addition it has a comprehensive suite of eight apps, Weather, News, Sokoban, Cricket Score, 2048 Game, and Tetris, are also present in the phone. People who have already bought these devices would still be able to access YouTube Music starting 20th June.

Commenting on the development, Ravi Kunwar, VP, India & APAC, HMD said, “The Nokia 3210, a cultural icon, is back as consumers seek to balance screen time with a digital detox. Nokia 3210 isn’t just a phone; it’s 2024’s fun phone. The original Nokia 3210 holds a special place in many hearts as one of the best-selling mobile phones ever. The reimagined Nokia 220 4G also sports a large 2.8-inch IPS display and has UPI applications preloaded and approved by the National Payments Corporation of India (NPCI), replicating the smartphone experience for seamless transactions. The Type-C charging port offers effortless and universal charging, designed for durability to withstand frequent use making it a reliable companion for today’s users. Nokia 220 4G comes in Peach & Black Color.

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EverEnviro’s CSR Initiatives Uplifting Communities with a Focus on Education, Healthcare, and Sanitation

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EverEnviro Resource Management Pvt. Ltd., India’s leading compressed biogas/RNG developer, has launched significant community programs with initiatives focused on ensuring access to education, sanitation, and healthcare. Aiming to enhance the quality of life for less privileged communities across Punjab, Delhi, Uttar Pradesh, and Madhya Pradesh, EverEnviro’s CSR initiatives have touched upon over 3,500 lives so far.

Over the past few months, EverEnviro has conducted a series of health camps across its project locations in Burari & Ghazipur (Delhi), Indore (MP), Balrampur, and Kumbhi (UP), catering to individuals across all age groups. These camps provided essential services such as eye check-ups, monitoring of blood pressure and blood sugar levels, as well as ECG, cholesterol, and creatinine tests. The initiative resulted in 460 beneficiaries receiving crucial healthcare support.

Stressing the need to support rural communities to achieve a higher standard of living, Mr. KA Chowdary, Chief Project and Operations Officer, EverEnviro Resource Management Pvt. Ltd., said, “At EverEnviro, we believe in the ethos of giving back to the community and are committed to leaving a lasting impact on the communities we serve. Through our CSR programs focused on healthcare, education, and sanitation, we aim to improve the lives of school children, residents, and senior citizens.”

In another initiative, the team planted over 1,000 trees in schools and local parks across Balrampur and Indore. Moreover, to provide clean water access to less advantaged people, EverEnviro distributed water coolers and RO systems to government schools, old age homes, and temples, ensuring the well-being of the communities.

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