Infibeam Avenues Reports Strong Q2FY25 Performance With 29% Revenue Growth And 43% Increase In PAT

Infibeam Avenues has reported consolidated gross revenue of Rs 10,166 million, accompanied by a profit after tax (PAT) of Rs 550 million in the second quarter of FY25. It is the first time in quarterly results that gross revenue has reached Rs 10,166 million, primarily attributed to the increase in payment transactions.

The Q2FY25 gross revenue witnessed an increase of 29 per cent, and PAT saw a sizeable growth of 43 per cent compared to the corresponding quarter of the previous financial year.

Infibeam Avenues’s result was primarily driven by a significant increase in payment transaction processing. The company attributes this growth to its flagship payment brand, CCAvenue, and a robust suite of payment products and infrastructure, strategically positioned to benefit from India's ongoing digital payment revolution.

The firm’s previous investments in expanding its payment business and diversifying its brand portfolio have proven to be a substantial catalyst for this growth. Moreover, Infibeam’s current investments in the Artificial Intelligence (AI) sector and consumer-facing initiatives (Rediff.com) are starting to yield business growth, signalling a positive trajectory for the company's future.

“In Q2, we achieved notable financial results with a net revenue registering growth of 24 per cent, EBITDA 26 per cent, and a profit after tax by 43 per cent. 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 per cent 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,” said Vishal Mehta, Chairman and Managing Director, Infibeam Avenues.

In line with this trend, Infibeam plans to enhance its fintech offerings by foraying into business productivity software space through its upcoming release of RediffOne- a complete suite for enterprise solutions. RediffOne will include ERP, CRM, and HRMS functionalities, along with enterprise-grade email services, providing a comprehensive digital toolkit for businesses. This initiative marks a significant step forward as we build a robust ecosystem of products that empower both individual users and enterprises, strengthening Infibeam’s position as a leader in digital transformation solutions.

RediffPay, which will provide a range of financial services including lending, insurance, mutual funds, and stockbroking. Following a recent acquisition of a 54.1 per cent stake in Rediff, the company is poised to consolidate operations and reintroduce the brand in a refreshed format.