Infibeam Avenues Reports 43% Jump in Q3 Profit, Revenue Up 18%
Infibeam Avenues heported a strong performance in the third quarter of FY25,. Its consolidated net profit rose 42.6% year-on-year to Rs 62.4 crore, compared to Rs 43.75 crore in Q3 FY24. The company also saw a significant sequential growth of 41.6% from Rs 44 crore in Q2 FY25.
The Gandhinagar-based payments firm's revenue from operations grew 18% year-on-year to Rs 1,070.3 crore in Q3 FY25, up from Rs 907.1 crore in the corresponding quarter last year. Sequentially, revenue showed a modest increase of 5.3% from Rs 1,016.6 crore in Q2 FY25.
Breaking down the revenue segments, the company's payments business, which includes the CCAvenue payment gateway and banking infrastructure services, contributed Rs 1,010.2 crore in Q3 FY25, marking a 17.2% increase from Rs 858.2 crore in the year-ago period. The e-commerce platform business, which provides enterprise software and infrastructure solutions, grew 23% to Rs 60.1 crore from Rs 48.8 crore in Q3 FY24.
"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 basis points in Q3 FY25, reflecting a 32 percent Y-o-Y increase, driving profitability," said Vishwas Patel, joint managing director of Infibeam Avenues.
The company's expenses grew proportionally to revenue, increasing 18% to Rs 1,013.4 crore in Q3 FY25 from Rs 857.9 crore in the year-ago quarter. Sequentially, expenditure rose 5.8% from Rs 957.1 crore in Q2 FY25.
Total payment volume (TPV) reached Rs 2,240 crore in Q3 FY25, a 24% year-on-year increase. During the quarter, the company also expanded its merchant base, adding 180,978 new merchants
Looking ahead, Infibeam Avenues plans to launch RediffPay and RediffOne, and expandits consumer-facing digital offerings through its subsidiary Rediff.com, which it acquired in August last year.
"With Rediff.com now part of our ecosystem, we anticipate further enhancement in our financial performance and digital offerings," said Vishal Mehta, chairman and managing director of Infibeam Avenues.