Infibeam Reports 72% Revenue Surge in Q1 FY26

Infibeam, a leading digital payments company, has announced a remarkable 72% increase in revenue for Q1 FY26, although its year-on-year profit has experienced a decline of 16%. The company reported revenue from operations reaching Rs 1,280 crore in Q1 FY26, compared to Rs 745 crore in Q1 FY25, as per the consolidated financial statements submitted to the National Stock Exchange (NSE).

Infibeam’s Payment Business Driving Revenue Growth

A significant portion of Infibeam’s financial growth can be attributed to its payment division, contributing 96% of total collections. This segment saw a 74% increase, amounting to Rs 1,226.4 crore in Q1 FY26. Additionally, the e-commerce platform also performed well, marking a 38.5% increase and reaching Rs 53.7 crore. Other income reported was Rs 26.3 crore, resulting in a total quarterly revenue of Rs 1,306.5 crore.

Rising Costs Affect Net Profit

On the expenditure side, Infibeam’s total expenses surged by 77%, climbing to Rs 1,229.3 crore in Q1 FY26 from Rs 693.7 crore in Q1 FY25. The largest cost driver was payment processing, which increased by 79.5% to Rs 1,128 crore. Employee benefit expenses rose by 14% to Rs 39 crore, while depreciation costs grew by 8% to Rs 17.67 crore. These rising expenditures outpaced revenue growth, leading to a 16% reduction in Infibeam’s net profit, which fell to Rs 58.4 crore in Q1 FY26 from Rs 69.4 crore in the corresponding period last year.

Strategic Moves and Initiatives

In a separate filing with the NSE, it was disclosed that Infibeam’s board has approved transferring its e-commerce platform infrastructure business to its subsidiary, Rediff.com, through a slump sale valued at Rs 800 crore.

During Q1 FY26, Infibeam Avenues unveiled several strategic initiatives, including plans to introduce a pioneering Agentic AI marketplace in Mumbai and the establishment of 12 AI-focused data centers in smaller cities. The company has also sanctioned a rights issue worth Rs 700 crore to further its AI and business expansion objectives. Furthermore, it is gearing up to enter the UPI app market with RediffPay, has launched Rediff TV, an AI-driven media platform, and is in the process of developing fintech-oriented AI solutions under the Phronetic.ai brand.

Current Market Performance

As trading concluded for today, Infibeam’s share price was reported at Rs 15.19 per share, leading to a market capitalisation of Rs 4,247.78 crore, which is approximately $500 million.