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Infibeam Avenues Results: Latest Quarterly Results & Analysis

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Infibeam Avenues Ltd. 13 Nov 2025 14:13 PM
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Q2FY26 Quarterly Result Announced for Infibeam Avenues Ltd.

Internet Software & Services company Infibeam Avenues announced Q2FY26 results

  • Gross Revenue: Rs 19,649 million against Rs 10,166 million during Q2FY25, change 93%.
  • EBITDA: Rs 937 million against Rs 854 million during Q2FY25, change 10%.
  • EBITDA Margin: 61% for Q2FY26.
  • PAT: Rs 649 million against Rs 550 million during Q2FY25, change 18%.
  • PAT Margin: 42% for Q2FY26.

Vishal Mehta, Chairman & Managing Director, Infibeam Avenues, said: “We are delighted with our strong performance this quarter. The sharp rise in TPV and revenue underscores the growing trust our merchants and partners place in our platforms. Our diversified digital offerings and focus on profitability position us well to cross the USD 1 billion revenue mark on a run-rate basis. We remain committed to growth through innovation and AI-led transformation in digital payments.”

Vishwas Patel, Joint Managing Director, Infibeam Avenues, said: “Infibeam Avenues continues to strengthen its position in the fintech sector. The surge in card transactions and credit mix coupled with higher TPV growth and robust performance across key merchant verticals including travel and utilities demonstrates merchant confidence in our payment and enterprise platforms. The Company has made a strategic decision to focus on absolute cash profit and cash flow generation, reinforcing its commitment to sustainable growth.”

“We are proud to have successfully completed the strategic sale of our commerce platform to Rediff.com and look forward to introducing Rediffpay, a UPI-based consumer payment solution, reinforcing our focus on high-growth fintech and AI-driven services.”

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Internet Software & Services company Infibeam Avenues announced Q1FY26 results

  • Gross Revenue of Rs 12,802 million in Q1FY26, up by 72% YoY
  • Net Revenue of Rs 1,520 million in Q1FY26, up by 31% YoY.
  • PAT at Rs 855 million in Q1FY26, up 70% YoY.

Vishal Mehta, Chairman & Managing Director, Infibeam Avenues, said: “Historically, Q1 has been a softer quarter for us, but this year’s results exceeded expectations with exponential growth in both revenue and profit. Our AI-embedded fintech products have delivered better pricing control and enhanced customer experiences. We are grateful and deeply appreciate the trust of our shareholders, evidenced by the 1.4 times oversubscription of our Rs 700 crore Rights Issue.”

Vishwas Patel, Joint Managing Director, Infibeam Avenues, said: "Infibeam Avenues Ltd. continues to fortify its position in the fintech sector, as evidenced by our impressive Q1 results. The rapid adoption of the CCAvenue Smart SoundBox - particularly focused in long term in Tier 2 and Tier 3 cities - underscores a robust market demand for intelligent, multi-mode payment solutions in a compact design. This growth is not incidental; it is a testament to our strategic commitment to delivering omnichannel, AI-powered, and infrastructure-driven fintech products that align seamlessly with the evolving needs of our merchants. Moreover, Infibeam is intensifying its focus on two key engines of growth: CCAvenue and Phronetic.AI. Together, they embody the integration of scalability and intelligence, representing the future of smart, secure, and context-aware fintech solutions. We are confident in our ability to create long-term, sustainable value for businesses, users, and investors.”

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Internet Software & Services company Infibeam Avenues announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • TPV: Rs 2,416 billion, up 7% YoY.
  • Gross Revenue: Rs 11,605 million, up 62% YoY.
  • Net Revenue: Rs 1,351 million, up 28% YoY.
  • EBITDA: Rs 779 million, up 25% YoY.
  • EBITDA Margin: 58%, down slightly from 59%.
  • Profit After Tax (PAT): Rs 503 million, up 53% YoY.
  • PAT Margin: Improved to 37% from 31%.

FY25 Financial Highlights:

  • TPV: Rs 8,670 billion, up 23% YoY.
  • Gross Revenue: Rs 39,926 million, up 27% YoY.
  • Net Revenue: Rs 5,258 million, up 25% YoY.
  • EBITDA: Rs 3,121 million, up 23% YoY.
  • EBITDA Margin: 59%, slightly down from 61%.
  • Profit After Tax (PAT): Rs 2,095 million, up 42% YoY.
  • PAT Margin: Improved to 40% from 35%.

Vishal Mehta, Chairman and Managing Director, Infibeam Avenues said, "We have delivered excellent results in Q4 as well as for the full year, reflecting our disciplined capital allocation strategy and our commitment to innovation across digital payment solutions. Our continued expansion in the Middle East and our foray into the AI space with new, transformative offerings are setting the stage for the next phase of growth. As part of this vision, we plan to invest up to USD 100 million over the next three years in advancing our AI capabilities—from intelligent payment solutions to next generation infrastructure. The recently approved rights issue will enable us to fund these strategic initiatives and further strengthen our leadership in fintech and AI-driven platforms. Importantly, it also offers our existing shareholders a valuable opportunity to participate in the company’s future. We are enthusiastic about what lies ahead and confident in our ability to drive sustainable, long-term value."

Vishwas Patel, Joint Managing Director of Infibeam Avenues said, "One of the standout success stories in FY25 has been the CCAvenue Smart SoundBox. Its rapid adoption—particularly across Tier 2 and Tier 3 cities—signals a clear market demand for intelligent, multimode payment solutions in a compact form. This traction is no accident; it reflects our strategic focus on delivering omnichannel, AI-powered, and infrastructure-driven fintech products that scale with our merchants’ needs. From hardware innovations like the SoundBox to mobile-first features such as TapPay, and enterprise-grade tools like CCAvenue M.A.R.S., we are building a robust and future-ready payments ecosystem. Our goal is to ensure that our solutions are not only technologically advanced but also seamlessly embedded into the evolving digital economies of India and the GCC,”

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Internet Software & Services company Infibeam Avenues announced Q3FY25 results

  • Gross Revenue of Rs 10,704 million compared to Rs 9,071 million during Q3FY24, up by 18% YoY.
  • EBITDA at Rs 1014 million in Q3FY25, up by 40% YoY.
  • PAT at Rs Rs 644 million in Q3FY25, up 49% YoY.

Vishal Mehta, Chairman and Managing Director, Infibeam Avenues, said: “We are pleased to report a strong Q3 performance, reflecting our ability to capitalize on evolving industry trends and the growing consumer preference for digital payments. The festive season and the increasing adoption of POS payments among small merchants have significantly driven transaction growth, reinforcing our market position. Additionally, our AI driven business solutions have made a meaningful impact on our revenue, demonstrating the strength of our innovation led approach. With Rediff.com now part of our ecosystem, we anticipate further enhancement in our financial performance and digital offerings.”

Vishwas Patel, Joint Managing Director, Infibeam Avenues, said: “Strategic collaborations with banks, fintechs, and regulatory bodies have paved the way for hyper growth in our payments business. Our take rate improved significantly to 11.1 bps in Q3FY25, reflecting a 32% YoY increase, driving profitability. The festive season continued to boost transaction volumes in sectors such as travel, hospitality, and education, as digital payments become increasingly mainstream. Moreover, the launch of our latest innovation, the CCAvenue SoundBox, a tap to pay POS device, has further propelled our growth trajectory.”

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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.”

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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,”

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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."

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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.


     

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Internet Software & Services company Infibeam Avenues announced Q1FY24 results:

  • Highest ever quarterly Gross Revenue of Rs 742 crore in Q1FY24, up by 77% YoY
  • Highest ever quarterly adjusted EBITDA of Rs 56 crore, up by 31% YoY.
  • Adjusted PAT at Rs 32 crore, up 40% YoY.
  • Number of merchants touches 10 million in Q1FY24 much ahead of the FY24 target.
  • Company to foray into Artificial Intelligence (AI), to establish AI HUB at GIFT City.
  • Odigma to be listed on Indian stock exchanges.
    • Company’s Appointments– Vijay Subramanian to be appointed as CEO of Platform Business,
    • Vishwas Patel to be appointed as Joint Managing Director, & Vishal Mehta to become Chairman and Managing Director. 

Commenting on the performance of the company, Vishal Mehta, Managing Director at Infibeam Avenues, said, "Strong operating performance is not just a milestone; it's the harmonious symphony of diligent planning, strategic execution, and unwavering commitment at Infibeam Avenues. As we orchestrate our business endeavours with precision and dedication, we lay the foundation for a future that gleams with promise. The strong performance of the company is the result of our relentless endeavour to build a great company with merchant satisfaction at the center of all our business strategies. It reflects our collective resolve to evolve, innovate, and lead continuously."

 

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Internet Software & Services firm Infibeam Avenues announced Q4FY23 & FY23 results:

  • Total Income for FY23 crossed Rs 2,000 crore for the first time in company’s history, up 56% YoY.
  • Highest Ever PAT at Rs 136 crore is up 63% and EBITDA at Rs 180 crore is up 24%, YoY.
  • Added approx. 8,200 merchants daily in Q4; No. of merchants 9.2 million, up 61% YoY.
  • CCAvenue merchant lending business (Express Settlement to merchants) grows to Rs 2,000 crore annually.
  • Highest ever quarterly Payment Transaction Processing Value (TPV) of Rs 1.5 lakh crore, up 61% YoY.
  • Highest Annual Gross Merchandising Value upwards of Rs 2.0 lakh crore on Platform business, up 90% YoY.
  • Company declares dividend for three consecutive years. Approved Full year dividend of 5%.

“The Company had the best quarterly performance in its history buoyed by both digital payments and software platforms businesses. These businesses have consistently outperformed and is reaping the benefits of maintaining a prudent business strategy of going after profitable revenue growth versus growth at any cost. The company’s endeavour to build superior and safe fintech solutions has helped us to scale our business and have a frictionless relationship with our ecosystem partners and the regulators. This will lead to a sustainable business that will generate long-term value for our business and for our shareholders,” said Mr. Vishal Mehta, Managing Director, Infibeam Avenues Ltd.

“There has been a significant rise in the digital payment in India and Middle East. Our solutions CCAvenue is considered gold standard in payment infrastructure systems and processes. We onboarded more than 9 lakh merchants in last 180 days and annually processed successful transactions of more than Rs 2.2 lakh crore. With now increased focused on offline merchants through our CCAvenue omnichannel TapPay app, we anticipate more aggressive growth in coming months,” said Mr. Vishwas Patel, Executive Director, Infibeam Avenues Ltd.

 

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