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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹724 Cr
verified against source
Revenue YoY
20.3%
reported change
EBITDA
₹161 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Affle 3i delivered a steady Q4 FY26 with revenue of INR 7.24B (+20.3% YoY) and EBITDA of INR 1.61B (+20.3% YoY), marking the 13th consecutive quarter of sequential topline growth. PAT grew 16% YoY to INR 1.22B, impacted by a higher tax base. The CPCU model drove 120.3M conversions at a CPC rate of INR 60. Growth was broad-based across India (+19.5%), emerging markets (+22.3%), and developed markets (+18%). Management reaffirmed medium-term guidance of 20%+ organic CAGR and announced a preferential warrant issue to raise ~INR 11B for M&A, targeting a meaningful acquisition within calendar 2026. Key risk: gross margin compression from continued investment in premium inventory and verticalization may pressure near-term profitability.
Colored figures show movement against the previous available record.
Guidance to track
- Management reiterated its medium-term guidance of 20%+ organic CAGR, underpinned by AI investments and verticalization.
- Management guided towards EBITDA margins of 23-25% over a period of time, up from current ~22.3%.
- Management expects to conclude a meaningfully sized acquisition within calendar 2026, funded by the INR 11B warrant issue.
Risks flagged
- Gross margins have declined from ~39% to ~36% over recent quarters due to investments in premium inventory and verticalization, which may continue to pressure near-term margins.
- Management acknowledged temporary softness in select markets due to geopolitical events, which could impact growth if conditions worsen.
- Management is pursuing multiple acquisition targets; integration and transformation to CPCU model may take time and could dilute near-term financials.
Key quotes
- We are firmly on course to deliver on our medium-term guidance of 20% CAGR as we progress towards our 10x decadel growth vision.
- Our growth has been consistently broad-based across key industry verticals and geographies.
- We are future ready and we remain agile and steadfast in our commitment to delivering sustainable profitable growth.
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