Affle (India) Limited reported a strong Q2 FY2027, with revenue growing 21.16% to Rs 783.59 crore and net profit rising 17.45% to Rs 129.79 crore. Key developments include a Supreme Court stay on insolvency proceedings involving its investee, Bobble, and progress on the AdColony asset acquisition.
Affle India Q2 Results: Revenue Hits Rs 783.59 Crore
Net Profit Grows 17.45% to Rs 129.79 Crore
Reader Takeaway: Robust top-line growth persists, though investors must track the Bobble legal resolution and AdColony asset integration.
What just happened
Affle (India) Limited released its financial results for the quarter ended September 30, 2026. The company posted revenue from operations of Rs 783.59 crore, a 21.16% increase compared to Rs 646.72 crore in the same period last year. Net profit stood at Rs 129.79 crore, up from Rs 110.51 crore, translating to a basic EPS of Rs 9.23. The company also confirmed the completion of an equity share allotment to its promoter, Affle Holdings Pte. Ltd., following the conversion of warrants.
Why this matters
The double-digit growth in both revenue and profit underscores steady operational performance in the digital advertising sector. The successful allotment of shares suggests continued confidence from the promoter group, providing additional liquidity for corporate initiatives.
The backstory
The company has been navigating legal challenges regarding its 24.07% stake in Talent Unlimited Online Services (Bobble). Following NCLT proceedings, the Supreme Court of India granted a stay on the Corporate Insolvency Resolution Process (CIRP) on October 16, 2026. Affle has moved to pay the relevant financial creditor, with the next legal hearing set for November 25, 2026.
Risks to watch
Legal uncertainty regarding the Bobble investment remains a primary risk, as the final outcome could impact the carrying value of Rs 135.83 crore. Additionally, the AdColony asset purchase from Digital Turbine remains subject to closing conditions, posing minor execution risk until the deal is formally finalized.
What to track next
Investors should monitor the outcome of the November 25 court hearing regarding Bobble and updates on the satisfaction of conditions for the AdColony acquisition. Ongoing operational scale-up in the current fiscal year will also be a key determinant of future margins.