Internet Software & Services company Infibeam Avenues announced Q1FY25 results: Consolidated Gross Revenue: Reported robust consolidated gross revenue of Rs 7,528 million. Profit After Tax (PAT): Achieved a PAT of Rs 504 million in Q1FY25. Net Revenue Growth: Net revenue increased by 20% YoY, despite no revenue recorded from the GeM-related platform during the quarter. Payment Take Rate: The payment take rate rose to 11.2 basis points, up from 8.4 basis points in the same quarter last year. PAT Growth: PAT saw significant growth of 59% compared to the same quarter of the previous financial year. EBITDA Growth: EBITDA grew by 25% YoY, reaching Rs 698 million. Vishwas Patel, Joint Managing Director of Infibeam Avenues said: “We have worked hard in optimizing every layer of our payment infrastructure stack to ensure increase in our net take rate to double digits and pleased to report that our net take rate has increased to 11.2 bps in Q1FY25. Our international business especially in UAE has also picked up scale processing AED 1.5bn per month with double digit take rates. We are pleased to report that our subsidiary in Saudi has been granted a Payment Technical Service Provider (PTSP) certification from the Saudi Central Bank (formerly Saudi Arabian Monetary Authority, SAMA). This certification allows Infibeam's flagship payment platform, CCAvenue, to operate as a payment processor in the country. This makes Infibeam the first Indian fintech company to achieve such a milestone in Saudi Arabia, positioning CCAvenue as a major player in the digital payments market in Saudi Arabia,” Vishal Mehta, Chairman and Managing Director, Infibeam Avenues, said: "We have a good beginning for the financial year FY25 as we have registered good growth in the first quarter. We continue to scale high with our payments and platform business vertical. With addition of emerging technologies and investment in innovation, especially in Artificial Intelligence, we expect to further accelerate our company’s growth in coming quarters in this fiscal year. Our new business vertical in AI will play a crucial role in recalibrating the growth trajectory of the company and expect to deliver value to all stakeholders,” Result PDF