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
Conference Call with Infibeam Avenues Management and Analysts on Q4FY22 Performance and Outlook. Listen to the full earnings transcript.
Internet Software & Services firm Infibeam Avenues declares Q4FY22 result: Highest ever TPV of INR 85,500 crore in Q4’22 Annualised TPV run-rate INR 3.7 lac crore ($49 bn) Gross revenue at INR 369 Crore, up 84% YoY in Q4’22 PAT at INR 28 crore in Q4’22, margin 37% Strong growth from transaction-based businesses, TPV up 70% YoY to INR 85,500 crore Improved contribution from Covid impacted sectors like airlines, travel, hospitality, etc., growing contribution from bill payments and international payments business and highest ever contribution from GeM Gross revenue up 84% YoY, on account of strong growth across Payments and Platform businesses, in India and internationally Net revenue up 15% YoY on the back of increase in net realisations from transactions Operating (EBITDA) margin up on account of improvement in net revenue Continued strong quarterly merchant addition; 0.5mn in Q4’22, avg. 8,000 daily FY22- Virtually zero debt, cash flow from operations (INR 117 crore, up 9% YoY), highest ever Free Cash Flows (INR 75 crore, up 3x) and ROE above 20%. Mr. Vishal Mehta, Managing Director, said “Past investment in developing digital payment infrastructure, has started fructifying & delivering growth for Infibeam Avenues Ltd after pandemic triggered digitalization of the economies.” Mr. Vishal Mehta, Managing Director, said “We are focused on creating a superior ‘Digital Payments Infrastructure’ company, which provides a seamless and holistic digital payments solution to merchants and helps them access capital at the click of button. We are very excited about our ‘Pin on Phone’ technology, we feel that’s a transformative development and would enable us to grow our merchant network multi-fold.” Result PDF