Affle 3I542752Quarterly results

Earnings call cancelled; Q2 & H1 FY2027 shareholders' letter; investor meet on Perion Network deal

Affle 3i will not hold its earnings conference call scheduled for Monday, November 02, 2026 at 10:00AM IST, citing a material development in the Group that was intimated separately.

By ScoutQuest · Sun 1 Nov 2026, 5:55 PM IST · 3 min read

₹ 15.31 BN

Q2 FY2027₹ 7.84 BNH1 FY2027₹ 15.31 BN

Revenue: ₹ 7.84 BN (Q2 FY2027) and ₹ 15.31 BN (H1 FY2027).

Q2 FY2027 Revenue: ₹ 7.84 BN (up 21.2% Y-o-Y)
Q2 FY2027 PAT: ₹. 1.30 BN (up 17.4% Y-o-Y)
H1 FY2027 Revenue: ₹ 15.31 BN (up 20.8%)

What has been announced

Affle 3i will not hold its earnings conference call scheduled for Monday, November 02, 2026 at 10:00AM IST, citing a material development in the Group for which an intimation has been separately disclosed. In place of the call, the company has released a shareholders' letter. It will also attend an in-person investors group meeting hosted by Ambit Capital on Monday, November 2, 2026 at 04:30 PM IST in Mumbai, to address the announcement on the execution of the definitive agreement for the acquisition of Perion Network Ltd. by the step-down subsidiary of the company. Shareholders and analysts can join the meeting virtually through a Zoom webinar and email queries till 4:30 PM IST on November 2, 2026.

Q2 and H1 FY2027 in numbers

Q2 FY2027 revenue: ₹ 7.84 BN, up 21.2% year-on-year and 4.9% sequentially
Q2 FY2027 EBITDA: ₹ 1.81 BN, up 24.2% year-on-year; EBITDA margin 23.2%
Q2 FY2027 PAT: ₹. 1.30 BN, up 17.4% year-on-year; PAT margin 16.2%
H1 FY2027 revenue: ₹ 15.31 BN, up 20.8% year-on-year
H1 FY2027 EBITDA: ₹ 3.49 BN, up 22.1% year-on-year; EBITDA margin 22.8%
H1 FY2027 PAT: ₹ 2.58 BN, up 19.5% year-on-year; PAT margin 16.4%

How the company describes the period

Q2 FY2027 is described as the 15th consecutive quarter of sequential topline growth, with the highest-ever quarterly revenue, EBITDA, PAT and consumer conversions. The letter says the company maintains its 20%+ medium-term growth guidance and refers to a previously stated 10X growth vision. It also notes geopolitical tensions and regulatory and macroeconomic headwinds affecting certain customer segments, including RMG, FinTech and other categories.

The CPCU engine

Consumer conversions in Q2 FY2027: 128.93 MN, up about 18.2% year-on-year; CPCU revenue ₹ 7.82 BN, up about 23.7%
CPCU rate in the quarter: INR 60.6
H1 FY2027 conversions: 252.85 MN at a CPCU rate of INR 60.4; CPCU revenue ₹ 15.27 BN, up 22.0%
The platform is described as delivering approximately 1,000 consumer conversions every minute

Where the revenue comes from

Developed Markets: revenue growth of about 22.3% year-on-year, contributing 26.3% of total revenues
India and Global Emerging Markets: growth of about 20.8% year-on-year, contributing 73.7% of revenues; within India, adjusted revenue growth of about 18.1%, partly on a stronger comparative base because Diwali fell in early October last year

Cash and costs

OCF-to-PAT ratio: 75.6% in Q2 FY2027 and 64.9% for H1 FY2027, with an endeavour to maintain approximately 80% for the full year
EBITDA margin expansion: 56 basis points year-on-year and 72 basis points sequentially to 23.2%
Other expenses rose 11.0% sequentially, largely on higher business promotion activities

Other points in the letter

Three customer case studies are featured across healthcare, consumer electronics and gaming
The company cites 22+ award wins and recognitions across 10+ industry events in the quarter
Intellectual property is described as 40 shared patents and 300+ unique enforceable patent claims, with a newly shared patent application on mobility-led out-of-home advertising across autonomous and connected vehicles

What a retail reader may want to track

The operating update reaches shareholders through a written letter and a live investor meeting rather than the usual call, and the meeting is also meant to address the Perion Network Ltd acquisition agreement. The letter's own framing is that growth continued on its existing trajectory while cost discipline supported margins, and that the stated medium-term growth guidance is maintained.

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