Please find the earnings call transcript attached

Affle 3i delivered its 13th consecutive quarter of sequential topline growth in Q4 FY2026 with revenue of INR 7.24 billion (up 20.3% y-o-y), EBITDA of INR 1.61 billion (up 20.3% y-o-y), and PAT of INR 1.20 billion (up 16% y-o-y). Full year FY2026 revenue stood at INR 27.1 billion (19.5% y-o-y growth) with EBITDA of INR 6.1 billion (26.3% y-o-y, margin 22.5%), and PAT of INR 4.55 billion (19.1% y-o-y). The company disclosed that promoter Affle Holdings will invest approximately INR 11 billion via warrants to strengthen the balance sheet for acquisitions. Management mentioned they have shortlisted 4 acquisition targets and expect to conclude a meaningfully sized transaction within calendar year 2026. Gross margin has declined from ~39% to ~36.5% due to investments in verticalization and premium positioning, with management guiding that these investments will stabilize within a year and margins should improve thereafter.