Affle 3i Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q3 FY26 earnings call analysis: revenue, margin, capex, fundraise and order book outlook from management commentary.

Published 6 Jul 2026 | IT - Services | Market Cap: ₹23.4K Cr

Sensible to model company growth at around 18% to 20% revenue growth. Affle 3i aims for 18% to 20% revenue growth annually and 23% to 25% EBITDA growth, targeting combined growth of around 45%.

From Affle 3i Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Price

₹1,719

Market Cap

₹23.4K Cr

P/E Ratio

51.5

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Affle 3i Ltd — Quarterly revenue & net profit

Revenue Net Profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹724 Cr, net profit ₹120 Cr.

Full financials →

📊 Revenue & Sales Performance

- Sensible to model company growth at around 18% to 20% revenue growth. - EBITDA percentage growth expected around 23% to 25%, indicating margin expansion. - Revenue growth and EBITDA growth combined aimed at about 45%, with EBITDA growth generally faster than revenue growth. - Growth partly driven by converted users (~17-18%) and partly by increase in average CPCU rate (~2-3%). - The company focuses on premium users (e.g., iOS segments), CTV channels, and verticalization across markets and industry verticals. - Q4 revenue could be flattish or slightly above Q3 depending on geopolitical stability but modeled prudently as slightly lower than Q3. - Continued investments in sales, marketing, AI tools, and inorganic acquisitions to boost growth. - International markets and vertical-specific data intelligence are key growth drivers. Overall, the company targets consistent high-growth with an emphasis on margin expansion and resilient revenue streams.

📈 Profitability & Margins

→Affle 3i aims for 18% to 20% revenue growth annually and 23% to 25% EBITDA growth, targeting combined growth of around 45%.
→Management emphasizes EBITDA growth outpacing revenue growth, indicating focused margin expansion.
→Operating expenses, including employee costs, will grow at a lower pace than revenue due to AI-driven productivity gains.
→Q4 revenue may be slightly lower or flattish compared to Q3 given normal seasonal cyclicality, but management remains optimistic about beating this trend.
→The company is investing in international markets, verticalization, data, and inventory to fuel longer-term growth.
→Inorganic acquisitions are planned in a staggered manner (2026, 2028, 2030) to accelerate growth and synergies.
→Margins are expected to improve with operational leverage despite ongoing investments in verticalization.
→Overall, expect consistent improvement in earnings, operating profits, and EPS aligned with 20%+ revenue and 23-25% EBITDA growth guidance.

See what Affle 3i Ltd said on profitability & margins — free account, 30 seconds.

🏗️ Capital Expenditure Plans

→Affle 3i Limited is actively investing in verticalization efforts across international markets, particularly in data and inventory costs to build verticalized intelligence for EFGH category verticals.
→There is a clear strategy towards inorganic growth through acquisitions; currently, the company has shortlisted 4 companies from an initial 12 and is conducting due diligence aiming for at least one meaningful transaction in 2026.
→Investments are being made in sales force expansion, leadership growth, and technological advancements such as AI and ad tech stack verticalization.
→Tactical flexibility is retained in execution to balance revenue growth and EBITDA margin expansion, with some current investments slightly impacting margin expansion.
→The company is focusing on strategic acquisitions that enhance ad industry verticals, tech stack capabilities, and consumer data depth.
→These investments are expected to continue over the next few quarters to unlock growth potential in international developed markets.

💰 Fundraising & Capital Structure

→The document does not explicitly mention any current or upcoming fundraising plans through debt or equity.
→The company is focused on both organic and inorganic growth, including potential acquisitions.
→There is a plan for "meaningfully sized" inorganic acquisitions in 2026, 2028, and 2030, suggesting possible use of capital but no direct reference to raising funds specifically.
→Management emphasizes prudent financial management and disciplined execution to sustain growth.
→The company has demonstrated strong operating cash flow and efficient working capital management, implying reliance on internal accruals rather than external fundraising at present.

See what Affle 3i Ltd said on fundraising & capital structure — free account, 30 seconds.

📋 Order Book & Pipeline

The provided pages from the Affle 3i Limited document do not contain any information related to the company's current or expected order book or pending orders. The discussion primarily revolves around revenue growth projections, EBITDA growth, verticalization strategy, acquisitions, gross margin, inventory costs, and market conditions. There is no mention or data regarding order books or pending orders in these sections. If you need specific details on order books or pending orders, please provide relevant pages or sections from the report.

Key Metrics

How does Affle 3i Ltd rank vs peers in IT - Services?

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What Affle 3i Ltd's management said in earlier quarters

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Frequently Asked Questions

What were Affle 3i Ltd Q3 FY26 results?

Sensible to model company growth at around 18% to 20% revenue growth. Affle 3i aims for 18% to 20% revenue growth annually and 23% to 25% EBITDA growth, targeting combined growth of around 45%.

What is Affle 3i Ltd share price analysis?

Affle 3i Ltd currently shows a neutral. The stock trades at a P/E of 51.5 with a market cap of ₹23,413 Cr. Investors should review the full earnings analysis for detailed insights.

Is Affle 3i Ltd planning capital expenditure?

Affle 3i Limited is actively investing in verticalization efforts across international markets, particularly in data and inventory costs to build verticalized intelligence for EFGH category verticals.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.