Infibeam Avenues reported a marginal decline of 2.43% in its consolidated profit after tax (PAT)
Sequentially, the company’s PAT remained stable with a 0.27% decline from INR 36.2 Cr
Revenue from operations increased by 27.7% to INR 944.5 Cr in Q2 FY25, compared to INR 739.4 Cr in the year-ago period
Payments infrastructure company Infibeam
Avenues reported a marginal decline of 2.43% in its consolidated profit after tax (PAT), down to INR 36.1 Cr in the September quarter (Q2) of the financial year 2024-25 (FY25) from INR 37 Cr in the same quarter last year.
Sequentially, the company’s PAT remained stable with a 0.27% decline from INR 36.2 Cr.
Revenue from operations increased by 27.7% to INR 944.5 Cr in Q2 FY25, compared to INR 739.4 Cr in the year-ago period, and rose by 38.4% from INR 682.2 Cr in Q1 FY25.
Total expenses climbed to INR 900.5 Cr, marking an increase of 30.6% from INR 689.5 Cr in the corresponding period last year and a rise of 38.3% from INR 650.8 Cr in Q1 FY25.
“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,” said Vishal Mehta, chairman and managing director, Infibeam Avenues.
“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,” he added.
In Q2 FY25, the company claims to have boarded about 2 Lakh new merchants on its platform. “On an average 2,100+ new merchants joined daily across various industries and geographies,” the company said in a BSE filing.
(The story will be updated soon)
