Internet Software & Services company Infibeam Avenues announced Q1FY24 results: Highest ever quarterly Gross Revenue of Rs 742 crore in Q1FY24, up by 77% YoY Highest ever quarterly adjusted EBITDA of Rs 56 crore, up by 31% YoY. Adjusted PAT at Rs 32 crore, up 40% YoY. Number of merchants touches 10 million in Q1FY24 much ahead of the FY24 target. Company to foray into Artificial Intelligence (AI), to establish AI HUB at GIFT City. Odigma to be listed on Indian stock exchanges. Company’s Appointments– Vijay Subramanian to be appointed as CEO of Platform Business, Vishwas Patel to be appointed as Joint Managing Director, & Vishal Mehta to become Chairman and Managing Director. Commenting on the performance of the company, Vishal Mehta, Managing Director at Infibeam Avenues, said, "Strong operating performance is not just a milestone; it's the harmonious symphony of diligent planning, strategic execution, and unwavering commitment at Infibeam Avenues. As we orchestrate our business endeavours with precision and dedication, we lay the foundation for a future that gleams with promise. The strong performance of the company is the result of our relentless endeavour to build a great company with merchant satisfaction at the center of all our business strategies. It reflects our collective resolve to evolve, innovate, and lead continuously." Result PDF