Affle 3i Q2 FY27 results and the Perion announcement: what was disclosed
Affle 3i Limited (formerly known as Affle (India) Limited, NSE: AFFLE) filed its unaudited standalone and consolidated results for the quarter ended 30 September 2026 (July to September 2026, called Q2 FY27) with NSE on 30 October 2026, the day its board approved them, along with a press release and an earnings presentation. On 1 November 2026 it filed a separate press release about a proposed acquisition of Perion Network Limited.
Published 4 November 2026 · Potoos Research Services
In short. For July to September 2026, Affle reported consolidated revenue from operations of Rs 7,835.93 million, up 21.2% from Rs 6,467.18 million a year earlier, and a profit of Rs 1,297.89 million, up 17.4% from Rs 1,105.13 million. The Perion deal was announced after the quarter and is not in these numbers.
The numbers
The first two tables are consolidated, in Rs million, as printed in the company's statement of consolidated results. The change column is worked out by us. The whole profit is attributable to equity holders of the parent, so the two profit rows match.
| Item | Jul to Sep 2026 | Jul to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 7,835.93 | 6,467.18 | +21.2% |
| Total income (revenue plus other income) | 8,036.40 | 6,689.93 | +20.1% |
| Profit for the period | 1,297.89 | 1,105.13 | +17.4% |
| Profit attributable to equity holders of the parent | 1,297.89 | 1,105.13 | +17.4% |
| Basic EPS (Rs) | 9.23 | 7.88 | +17.1% |
| Item | Apr to Sep 2026 | Apr to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 15,307.57 | 12,674.58 | +20.8% |
| Total income | 15,758.45 | 13,069.03 | +20.6% |
| Profit for the period | 2,582.28 | 2,160.13 | +19.5% |
| Profit attributable to equity holders of the parent | 2,582.28 | 2,160.13 | +19.5% |
| Basic EPS (Rs) | 18.36 | 15.40 | +19.2% |
Affle also filed standalone results, for Affle 3i Limited on its own without its subsidiaries:
| Item | Jul to Sep 2026 | Jul to Sep 2025 | Change |
|---|---|---|---|
| Revenue from operations | 2,643.95 | 2,198.30 | +20.3% |
| Profit for the period | 516.45 | 300.06 | +72.1% |
| Basic EPS (Rs) | 3.67 | 2.14 | +71.5% |
There is no exceptional item line in the statements. The company reports a single business segment, which it calls the consumer platform segment.
What the auditor pointed to
The auditor, Walker Chandiok & Co LLP, did a limited review and drew attention to one note, while saying “Our conclusion is not modified in respect of this matter.” The note is about Affle's stake in Talent Unlimited Online Services Private Limited (“Bobble”). According to the company's note:
- On June 12, 2026 the Delhi bench of the National Company Law Tribunal admitted an insolvency petition against Bobble, for default in repaying debt.
- Affle holds a 24.07% stake on a fully diluted basis, carried at INR 1,358.28 million and classified as held for sale.
- Affle appealed to the Supreme Court of India, which stayed the insolvency proceedings at a hearing on October 16, 2026. Affle also submitted a demand draft of INR 57.66 million with the court to pay the lender. The next hearing is scheduled on November 25, 2026.
- The company says any impact on the value of the investment will be worked out once the appeal is decided.
Two other notes: on June 11, 2026 a subsidiary signed an agreement to buy the AdColony business from Digital Turbine, Inc. for USD 4.70 million, with its conditions not yet complete; and after the quarter ended, Affle allotted 2,981,479 equity shares to Affle Holdings Pte. Ltd. on conversion of warrants (on October 19 and October 21, 2026).
A separate announcement: Perion
On 1 November 2026, two days after the results, Affle filed a press release with NSE titled “Affle to acquire Perion, to scale its CPCU business across Developed markets”. It is a different filing from the results. What it says:
- Affle 3iL Ltd., an Israel-based step-down subsidiary of Affle, signed a definitive agreement to buy all outstanding shares of Perion Network Limited (listed on NASDAQ and TASE as PERI).
- Price: US$ 11.70 per share, all cash, for an implied equity value of about US$ 420 million.
- The deal still needs closing conditions to be met, including regulatory approvals and approval by Perion shareholders. The company expects it to close in early 2027.
- Affle plans to pay through committed financing from banks and available cash.
None of this is in the Q2 numbers above. The quarter ended on 30 September 2026, and the deal was announced on 1 November 2026 and has not closed.
What the company said
These are the company's own words, from the results press release it filed on 30 October 2026.
“Revenue from Operations of INR 783.6 crore, an increase of 21.2% y-o-y”
Affle press release, 30 October 2026
“PAT at INR 129.8 crore, an increase of 17.4% y-o-y”
Affle press release, 30 October 2026
“We achieved our 15th consecutive quarter of sequential topline growth, while registering our highest-ever quarterly revenue run-rate, EBITDA, PAT and consumer conversions.”
Anuj Khanna Sohum, Chairperson, MD & CEO, in the press release, 30 October 2026
The press release rounds to crore: Rs 7,835.93 million in the results table is about Rs 783.6 crore, and Rs 1,297.89 million is about Rs 129.8 crore.
Dates
- Board meeting: 30 October 2026 (started 3:00 p.m. IST, ended 5:20 p.m. IST). The board approved the results that day.
- Filed with NSE: 30 October 2026, with the press release and earnings presentation the same day.
- Perion press release filed with NSE: 1 November 2026.
- Dividend: none declared in this filing.
Consolidated and standalone: consolidated figures add up Affle and its subsidiaries as one group. Standalone figures cover Affle 3i Limited alone. Most of Affle's revenue sits in the group figures, so the two differ a lot.
Rs million: ten lakh rupees. Ten million make one crore, so Rs 7,835.93 million is about Rs 784 crore. The filing reports in million, so this page does too.
Drawing attention to a note: the auditor points readers to something important in the notes. It is not a qualification: the auditor's conclusion on the numbers stays the same.
Held for sale: an investment the company has decided to sell, shown separately in the accounts.
Source
- Affle 3i, outcome of board meeting with unaudited standalone and consolidated results and limited review reports, 30 October 2026. nsearchives.nseindia.com
- Affle 3i, earnings presentation, 30 October 2026. nsearchives.nseindia.com
- Affle 3i, earnings press release, 30 October 2026. nsearchives.nseindia.com
- Affle 3i, press release on the proposed acquisition of Perion, 1 November 2026. nsearchives.nseindia.com
This page was written by Potoos Research Services, a SEBI-registered Research Analyst (INH000027380) in Chennai. Every figure above is copied from the company's filing, and every percentage change is worked out from the filing's own numbers.
This page reports what the company filed. It is not a recommendation to buy, sell or hold.
Common questions
What was Affle's revenue in Q2 FY27?
Consolidated revenue from operations for July to September 2026 was Rs 7,835.93 million, against Rs 6,467.18 million in July to September 2025, a change of +21.2%.
How much profit did Affle make in Q2 FY27?
The consolidated profit for the quarter was Rs 1,297.89 million, against Rs 1,105.13 million in the same quarter of 2025, a change of +17.4%. The standalone profit was Rs 516.45 million.
Is the Perion acquisition part of Affle's Q2 FY27 results?
No. The quarter ended on 30 September 2026. The Perion deal was announced in a separate press release on 1 November 2026, at US$ 11.70 per Perion share, and it still needs regulatory and Perion shareholder approval.
Did Affle declare a dividend with these results?
No dividend was declared in the 30 October 2026 results filing.
Is this page a recommendation?
No. It reports what the company filed. It is not a recommendation to buy, sell or hold.