Internet software & service firm Infibeam Avenues announced Q3FY23 results: Q3FY23: PAT at Rs 35 crore up 46% and EBITDA at Rs 48 crore up 26% YoY. Added a record 1.1 million merchants; number of merchants 8.4 million; up 72 % YoY. Quarterly gross transaction processing value (TPV) of Rs 1 lakh crore, up 27% YoY. The company becomes the first payment gateway to process digital rupee transactions for online retail payments. Go Payments subsidiary turns EBITDA breakeven; company increases stake further. Received in-principle approval to operate as a payment aggregator and perpetual Bill Payments license from RBI. “The company had a solid quarterly performance attributable to all-round business development. Our focus on generating higher profitability per transaction in our payments business is starting to show results. We are constantly innovating our offerings and building comprehensive vertical-specific technology that helps merchants in each industry overcome operational challenges. This has given us a lead to be their preferred payments partner giving us a sustainable business that will generate greater long-term value for our business and for our shareholders,” said Vishal Mehta, Managing Director, Infibeam Avenues Ltd. Result PDF
Internet software & service company Infibeam Avenues announced Q2FY23 results: consolidated Q2FY23: Cash and bank incl. short term investments as of Q2FY23 – Rs. 315.5 crore, up 50% YoY Cash flow from operations (CFfO) H1 FY23 – Rs. 115 crore (Cash conversion ratio: 140%) Capex H1 FY23 – Rs. 16 crore, down 40% YoY (11% as a percentage of Net Revenue) Free Cash Flow H1 FY23 (CFfO – Capex) – Rs. 99 crore (H1 FY23 annualised FCF per share = Rs. 0.73) Debt – Nil “Our strong performance in the first half of the year gives us the confidence to deliver higher than our stated guidance,” said Mr. Vishal Mehta, Managing Director, Infibeam Avenues Ltd. “Infibeam is geared toward delivering superior growth and creating long-term value for all its stakeholders. Our solutions have global acceptability, and we are expanding our geographical footprints at a fast pace. The payment aggregator licence only strengthens our unique position in India. We are extremely excited about the next phase of growth that we will deliver through our comprehensive omnichannel solutions and are fully geared to take this organisation to the next level”, said Mr. Vishal Mehta, Managing Director, Infibeam Avenues Ltd. Result PDF
Internet software and services company Infibeam Avenues announced Q1FY23 results: Transaction Processed Value (TPV) was up 72% to Rs 87,218 crore compared to Rs 50,651 crore in Q1FY22 India payment processing net take rate up by 26% YoY at 6.9bps, as volume from profitable sectors increase Gross Revenue was up by 93%, at Rs 418 crore, compared to Rs 216 crore in Q1FY22 EBITDA stood at Rs 43 crore, a growth of 51% YOY EBITDA margin on Net Revenue was 58% vs 54% YoY Profit After Tax up by 69% YoY to Rs 23 crore Profit After Tax margin on Net Revenue was 31% vs 26% YoY Launched CCAvenue mobile app, world’s most advanced omni-channel payment app in July, featuring India’s first pin-on-glass SoftPoS solution – CCAvenue TapPay targeting offline merchants Overall growth on account of surging digital transactions on return of high demand and increased economic activities Reflecting on the overall Q1 FY23 earnings performance, Mr Vishal Mehta, Managing Director, Infibeam Avenues Ltd, said, “The return of demand has been tremendous, and it's ever-growing. We don’t see any demand and economic activities drop in the near future. We have registered TPV growth of 72% year-on-year across our fintech offerings in Q1 FY22-23. As per our internal data, the enormous rise in digital payment transactions was across all sectors.” “High demand for goods & services from people, has also propelled the demand for business credit from merchants, to attain these increased demands. We have registered a 77% rise year-on-year in our merchant lending business – Express Settlement, " says Mr Mehta. Result PDF