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Tag: Infibeam Avenue

  • Infibeam Reports Revenue of ₹1,280 Crores, Sees 16% Drop in Profits

    Infibeam Reports Revenue of ₹1,280 Crores, Sees 16% Drop in Profits


    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.

  • Infibeam’s Rediff.com Gains NPCI Approval to Launch UPI Services

    Infibeam’s Rediff.com Gains NPCI Approval to Launch UPI Services



    Infibeam Avenues Launches RediffPay with NPCI TPAP License

    Infibeam Avenues Launches RediffPay with NPCI TPAP License

    Infibeam Avenues has announced that its subsidiary, Rediff.com, has successfully obtained a Third-Party Application Provider (TPAP) license from the National Payments Corporation of India (NPCI) for the digital payment platform RediffPay. The company disclosed that the NPCI confirmed the approval through official communication on Friday, with Axis Bank acting as the Payment System Provider (PSP).

    RediffPay’s Role in Digital Payments

    This TPAP license empowers RediffPay to deliver Unified Payments Interface (UPI) services to its users, marking a significant move by Infibeam Avenues into the consumer-focused digital payment sphere. The subsidiary applied for the TPAP license post its acquisition of a controlling interest in Rediff in 2024.

    Previous Developments

    In September of last year, startup Superb reported this significant development exclusively. Infibeam Avenues took a bold step in August 2024 by acquiring a 54% stake in Rediff.com India, aiming to relaunch the platform as a digital financial services aggregator targeting consumers.

    Vision for Financial Inclusivity

    Vishal Mehta, the Chairman and Managing Director of Infibeam Avenues, expressed enthusiasm about the achievement, stating that the TPAP license allows the company to expand UPI services through RediffPay. This milestone reflects the firm’s commitment to enhancing financial inclusivity and providing seamless digital payment solutions across India.

    Future Plans for RediffPay

    RediffPay intends to leverage the significant web traffic of Rediff alongside Infibeam’s fintech acumen to create an accessible platform for secure and effective digital transactions. The company is set to roll out a variety of financial services, including credit offerings and wealth management products, to meet its users’ diverse needs.

    Recent Achievements of Infibeam Avenues

    The progress of Infibeam Avenues aligns with their recent accomplishments, such as securing final authorization from the Reserve Bank of India to function as a Payment Aggregator through their flagship payment gateway brand CCAvenue. This authorization further strengthens their position in the market.

    Financial Growth

    The company’s operational revenue surged to Rs 1,070 crore in Q3 FY25 compared to Rs 907 crore in Q3 FY24. Additionally, the profit after tax saw a remarkable increase of 50% reaching Rs 64.4 crore during the same period.


  • Infibeam Reports 50% Surge in Profit, Reaching Rs 64 Crore in Q3 FY25

    Infibeam Reports 50% Surge in Profit, Reaching Rs 64 Crore in Q3 FY25



    Infibeam Financial Performance Q3 FY25

    Infibeam’s Impressive Growth in Q3 FY25

    Infibeam, a key player in the digital payments sector, has reported robust financial growth, with a 50% increase in profits for the quarter ending December 2024. The company’s operating revenue also experienced an 18% year-on-year rise for the same quarter.

    Revenue Milestones

    According to unaudited consolidated financial statements obtained from the National Stock Exchange (NSE), Infibeam Avenues saw its operational revenue surge to Rs 1,070 crore in Q3 FY25, up from Rs 907 crore in Q3 FY24. The payment segment contributed 94% of the overall collections, which increased by 17%, reaching Rs 1,010 crore in Q3 FY25. Additionally, the e-commerce platform segment witnessed a growth of 23.2%, elevating its revenue to Rs 60.3 crore. Overall, the company’s total revenue for the quarter amounted to Rs 1,093.5 crore.

    Operational Insights

    Infibeam operates a varied digital platform, concentrating on digital payments alongside e-commerce solutions. However, total expenses also rose by 18%, reaching Rs 1,013 crore in Q3 FY25. The largest cost for the company continued to be payment processing, which increased by 16.6% to Rs 930.4 crore. Employee benefits saw a 30% rise, amounting to Rs 40 crore, while depreciation costs also increased by 11.8% to Rs 19 crore. Additionally, the firm incurred Rs 23.6 crore in various undisclosed expenses during this quarter.

    Profit Analysis

    Infibeam’s profit after tax soared by 50%, achieving Rs 64.4 crore in Q3 FY25, compared to Rs 43 crore in the same quarter of the previous year. The company managed its operating revenue effectively, spending Re 0.95 for every rupee earned during the last quarter.

    Competitive Landscape

    In the competitive digital payments landscape, Infibeam faces challenges from major players such as Paytm, Razorpay, and PhonePe. As of 14:22 PM today, Infibeam’s market capitalization was recorded at Rs 6,504 crore, with its shares trading at Rs 23.32.