Shares of Affle 3i Ltd. are trading with gains of as much as 10% on Monday, May 11, marking the biggest single-day gain the stock has seen since May 2022. According to reports from CNBC TV18, the stock is the second-best performers on the Nifty 500 index and has achieved four straight days of gains. The surge comes in response to the company's fourth quarter results reported over the weekend.
For the March quarter, Affle's consolidated revenue increased by 20% from last year to ₹724.4 crore. As reported by CNBC TV18, the growth was broad-based and included performance from both India and overseas geographies. The company demonstrated strong margin resilience, with margins remaining steady at 22.1% from 22.2% last year. For the full year, Affle's margins were up 120 basis points from last year led by strong operating leverage. The company crossed the ₹7 billion quarterly revenue run-rate in Q3FY26, with revenue from contracts with customers standing at ₹7,175 million, rising 19.2% year-on-year and 10.9% quarter-on-quarter.
The company announced the launch of OpticksAI and Niko, its in-house AI agentic platforms, designed to drive real-time adaptation and intelligence across the marketing funnel. According to CNBC TV18, these platforms represent Affle's strategic move into AI-led growth initiatives in the competitive technology landscape. By Q3FY26, management said Niko had become its most advanced next-generation agentic AI optimisation engine, enabling automated self-service mode with real-time decisioning across bidding, targeting and budget allocation. Niko works alongside OpticksAI, the company's GenAI-powered creative engine, to automate ROI-driven growth advertising for marketers across the iOS ecosystem.
The CPCU business delivered 119.7 million conversions at an average CPCU rate of ₹59.6, generating CPCU revenue of ₹7,136 million in Q3FY26. As reported by CNBC TV18, for the first nine months of FY26, conversions stood at 335.7 million compared with 288.8 million in 9MFY25, while average CPCU improved to ₹58.5 from ₹57.3. The CPCU business saw 12 crore converted users in the fourth quarter, taking the total converted users for the full financial year to 45.6 crore. Revenue for the CPCU business increased by 20.1% from last year, demonstrating strong performance in the company's core business segment. The company's 99.5% of revenue from contracts with customers came from the CPCU model in Q3FY26, showing that almost the entire business is linked to performance-based advertising rather than broad branding campaigns.
The company maintains a strong balance sheet with cash and liquid investments of ₹15,417 million as of December 31, 2025, against total borrowings of ₹234 million, and operating cash flow of ₹2,543 million for 9MFY26. According to Trade Brains, Affle's revenue is largely linked to conversions through its consumer platform stack, with the company targeting users who are more valuable to customers such as high lifetime value users, premium iOS users, subscribers, shoppers, gamers, patients or parents of students depending on the industry vertical. The company's strategic focus on performance-based advertising through its CPCU model continues to drive consistent growth across key metrics.
