Infibeam Reports Growth in Digital Payments Sector

Infibeam has shown remarkable progress in the digital payments sector for the quarter ending September 2025. The Ahmedabad-based company’s revenue from operations surged by 93% year-on-year, approaching the Rs 2,000 crore mark, while profits experienced a 45% increase in the same timeframe.

Financial Highlights of Infibeam

Infibeam’s revenue from operations reached Rs 1,965 crore in Q2 FY26, up from Rs 1,017 crore in Q2 FY25, according to the consolidated financial statements submitted to the National Stock Exchange (NSE). The payment sector significantly contributed, accounting for 97% of the company’s total collections, which rose by 95% to Rs 1,900 crore in Q2 FY26. Additionally, the e-commerce segment saw a notable rise of 48%, achieving Rs 65 crore. The total revenue, including other income of Rs 21 crore, amounted to Rs 1,986 crore.

Cost Analysis of Infibeam

On the expenditure front, Infibeam’s total costs escalated by 98% to Rs 1,891 crore in Q2 FY26 from Rs 957 crore in Q2 FY25. The largest cost driver was payment processing, which jumped by 105% to Rs 1,812 crore. Employee benefit expenses remained nearly constant at Rs 34 crore, while depreciation costs saw a 12% uplift to Rs 19 crore.

Profit and Performance Metrics

Infibeam’s profit surged by 45% to Rs 68 crore in Q2 FY26, compared to Rs 47 crore in Q2 FY25. Over the first half of the financial year, ending September 2025, the company’s profit grew by 17% to Rs 126 crore in H1 FY26 from Rs 108 crore in H1 FY25.

Regulatory Approvals and Market Status

Recently, Infibeam Avenues secured in-principle approval from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPIs) in accordance with the Payment and Settlement Systems Act, 2007. As trading concluded today, Infibeam’s share price was Rs 19.29 per share, resulting in a market capitalisation of Rs 5,379 crore ($606 million).