Infibeam Avenues Ltd. Results

Q2FY25 Quarterly Result Announced for Infibeam Avenues Ltd.

Internet Software & Services company Infibeam Avenues announced Q2FY25 results Consolidated gross revenue of Rs 10,166 million, compared to Rs 7,870 during Q2FY24, change 29%.. Profit After Tax (PAT) of Rs 550 million compared to Rs 386 million during Q2FY24 change 43%. PAT margin: 41% for Q2FY25. EBITDA: Rs 854 million compared to Rs 677 million during Q2FY24, change 26%. EBITDA margin: 64% for Q2FY25. Vishal Mehta, Chairman and Managing Director, Infibeam Avenues, said “In Q2, we achieved notable financial results with a net revenue registering growth of 24%, EBITDA 26%, and a profit after tax by 43%. This success highlights our disciplined execution, continuous optimization, and innovative payment solutions driven by our dedicated teams. To achieve our FY25 financial goals, we are accelerating strategic initiatives with a focus on international growth, aiming for this segment to contribute 12-15% of net revenue within two years. Our priorities are centered on delivering profitable growth, leveraging investments like Rediff.com and our AI initiatives, and optimizing operations to seize opportunities in the digital payments and fintech sectors, ensuring sustained value for our shareholders,” Vishwas Patel, Joint Managing Director, Infibeam Avenues, said: “In Q2, we onboarded nearly 0.2 million new merchants, reflecting our commitment to simplifying commerce, with an average of 2,100+ new merchants joining daily across various industries and geographies. Our take rate improved significantly to 11.3 bps in Q2FY25, reflecting a 21% increase from the previous year, significantly boosting our profitability. We have observed a rise in transactions numbers related to ticket bookings, travel arrangements, hotel reservations, and educational institutions as they embrace digital payment solutions more than before. These trends have collectively contributed to a marked increase in payment transactions for the company.” “Our focus extends beyond current profits; we are dedicated to future-proofing Infibeam Avenues and capitalizing on India's digital economy potential. With a clear path to sustainable, profitable growth, it's inspiring to see our team's dedication to this shared vision.”

Q1FY25 Quarterly Result Announced for Infibeam Avenues Ltd.

Internet Software & Services company Infibeam Avenues announced Q1FY25 results: Consolidated Gross Revenue: Reported robust consolidated gross revenue of Rs 7,528 million. Profit After Tax (PAT): Achieved a PAT of Rs 504 million in Q1FY25. Net Revenue Growth: Net revenue increased by 20% YoY, despite no revenue recorded from the GeM-related platform during the quarter. Payment Take Rate: The payment take rate rose to 11.2 basis points, up from 8.4 basis points in the same quarter last year. PAT Growth: PAT saw significant growth of 59% compared to the same quarter of the previous financial year. EBITDA Growth: EBITDA grew by 25% YoY, reaching Rs 698 million. Vishwas Patel, Joint Managing Director of Infibeam Avenues said: “We have worked hard in optimizing every layer of our payment infrastructure stack to ensure increase in our net take rate to double digits and pleased to report that our net take rate has increased to 11.2 bps in Q1FY25. Our international business especially in UAE has also picked up scale processing AED 1.5bn per month with double digit take rates. We are pleased to report that our subsidiary in Saudi has been granted a Payment Technical Service Provider (PTSP) certification from the Saudi Central Bank (formerly Saudi Arabian Monetary Authority, SAMA). This certification allows Infibeam's flagship payment platform, CCAvenue, to operate as a payment processor in the country. This makes Infibeam the first Indian fintech company to achieve such a milestone in Saudi Arabia, positioning CCAvenue as a major player in the digital payments market in Saudi Arabia,” Vishal Mehta, Chairman and Managing Director, Infibeam Avenues, said: "We have a good beginning for the financial year FY25 as we have registered good growth in the first quarter. We continue to scale high with our payments and platform business vertical. With addition of emerging technologies and investment in innovation, especially in Artificial Intelligence, we expect to further accelerate our company’s growth in coming quarters in this fiscal year. Our new business vertical in AI will play a crucial role in recalibrating the growth trajectory of the company and expect to deliver value to all stakeholders,”

FY24 Annual Result Announced for Infibeam Avenues Ltd.

Internet Software & Services company Infibeam Avenues announced FY24 results: Highest Ever TPV of 70,43,439 million in FY24, up by 58% YoY. Highest Ever Gross Revenue of Rs 31,711 million in FY24, up by 62% YoY Highest Ever EBITDA of Rs 2,526 million in FY24, up by 41% YoY. Highest Ever PAT at Rs 1,478 million in FY24, up 56% YoY. Highest Ever Cashflows from Operations of Rs 7,197 million in FY24, up 537% YoY. Rs 7,268 million Gross Revenue, up 11% YoY and Rs 358 million PAT, up 8% YoY in Q4FY24 Exceeded Higher End of the Annual Estimates on Net Revenue and EBITDA Board proposed final dividend of 5% for FY24 Vishwas Patel, Joint Managing Director of Infibeam Avenues said, "Our CCAvenue payments business stands tall on a robust foundation meticulously crafted to propel expansion and set us apart from competitors. A pivotal aspect of our overarching growth strategy revolves around enhancing merchant account engagement. We anticipate this will keep on fueling an upsurge in payment transactions, total payment volume, and net revenue" "The company has demonstrated resilience and agility in navigating through the ever-evolving market landscape and was able to maintain its position as a frontrunner in the industry. Adding further that despite facing challenges posed by the dynamic and competitive environment, the company has exceeded expectations and remains committed to delivering value to its stakeholders."

Q3FY24 Quarterly Result Announced for Infibeam Avenues Ltd.

Internet software & services firm Infibeam Avenues announced Q3FY24 results: Transaction Processing Volume (TPV): Q3 FY24 TPV reached Rs 1,810.2 billion, a 75% increase from Q3 FY23. Gross Revenue: Recorded the highest-ever quarterly gross revenue of Rs 9,120 million, up by 120% compared to Rs 4,147 million in Q3 FY23. Net Revenue: Net Revenue for Q3 FY24 stood at Rs 1,128 million, a 33% rise from Rs 846 million in Q3 FY23. EBITDA: EBITDA for the period was Rs 690 million, marking a 45% year-over-year increase from Rs 475 million. Profit After Tax (PAT): Q3 FY24 PAT was the highest ever at Rs 421 million, a significant 64% increase from Rs 257 million in Q3 FY23. PAT Margin: The PAT margin improved to 37.3% for Q3 FY24, compared to 30.4% for Q3 FY23. Equity Acquisition: Infibeam Avenues Ltd approved the acquisition of a further 49.50% stake in So Hum Bharat, which will make So Hum a wholly owned subsidiary. Financial Guidance Maintained for FY24: The company expects to achieve Rs 30,000-33,000 million in Gross Revenue, Rs 4,100 - 4,150 million in Net Revenue, Rs 2,300-2,350 million in EBITDA, and Rs 1,300-1,500 million in PAT. Growth Contributors: Areas such as hospitality, travel, retail, grocery, education, utilities, and notably 'revenge tourism' have substantially contributed to the TPV increase. The success of the CCAvenue TapPay technology is particularly noted for the growth seen in merchant adoption. Board Resolutions and Future Plans: An emphasis on Artificial Intelligence (AI) as a horizontal business vertical is expected to drive future growth. The company aims to reach approximately Rs 83 billion in revenue by March 2026. Chairman & Managing Director, Mr Vishal Mehta: highlighted the company's continual rise, fueled by investment in new technologies and innovation. He expressed optimism about AI driving the company to new heights. Joint Managing Director, Mr Vishwas Patel: underscored the Q3 growth and the role of CCAvenue TapPay as a transformative digitally-driven payment solution. He conveyed confidence in the solution's potential to significantly contribute to business expansion in the future.