Software and Services Company Infibeam Avenues announced Q3FY22 results: Growth Across All Business Segments Profit After Tax up 89% YoY to Rs 24 crore Transaction Value up 90% YoY growth to Rs 75,430 crore Company Declares 1:1 Bonus, and Interim Dividend of 5% “Driven by strong performance across our diversified digital business solutions and offerings, we have demonstrated yet another quarter of robust performance. With the ever-evolving business landscape we continued to develop cutting edge digital payment technologies while we remained committed to generate greater value for our millions of merchants and accelerate their business growth online.” “Further, we will continue to invest in technology and talent pool to achieve our longer-term target of accelerating growth.” said Mr. Vishal Mehta, Managing Director, Infibeam Avenues Limited. “While we continue to grow organically, we firmly invested into three strategic pillars including deep penetration in existing markets, new businesses including lending, and international expansion to fuel our growth. We aim to build a powerful international brand and increase our market share in digital payment space.”, said Mr. Vishwas Patel, Executive Director, Infibeam Avenues Limited. Result PDF
Software and Services company Infibeam Avenues announced Q3FY22 results: Growth Across All Business Segments Profit After Tax up 89% YoY to Rs 24 crore Transaction Value up 90% YoY growth to Rs 75,430 crore Company Declares 1:1 Bonus, and Interim Dividend of 5% “Driven by strong performance across our diversified digital business solutions and offerings, we have demonstrated yet another quarter of robust performance. With the ever-evolving business landscape we continued to develop cutting edge digital payment technologies while we remained committed to generate greater value for our millions of merchants and accelerate their business growth online.” “Further, we will continue to invest in technology and talent pool to achieve our longer-term target of accelerating growth.” said Mr. Vishal Mehta, Managing Director, Infibeam Avenues Limited. “While we continue to grow organically, we firmly invested into three strategic pillars including deep penetration in existing markets, new businesses including lending, and international expansion to fuel our growth. We aim to build a powerful international brand and increase our market share in digital payment space.”, said Mr. Vishwas Patel, Executive Director, Infibeam Avenues Limited. Result PDF
Financial Highlights : Annualised TPV run-rate of INR 3.0tn ($40bn) vs. INR 1.4tn ($19bn) in FY21 Gross Revenue up 109% YoY to INR 311 crore Profit After Tax up 53% YoY to INR 18 crore “Our strategy is to rapidly scale by extending our existing business to new areas of growth in digital payments, marketplace platforms and enabling lending. We plan to become a truly global full-stack fintech company and pride on having our roots in India. We will partner with the best investors to accelerate investments for building superior fintech platforms to take the company to the next level of growth.”, said Mr. Vishal Mehta, Managing Director, Infibeam Avenues Limited. “We have accelerated our payment processing through a structured process of merchant acquisition, small and large, and banking partnerships in the quarter which has helped us to build a strong growth pipeline for future, accelerating our journey to achieve the targeted TPV of $100bn. We are seeing a strong traction in our secured lending business which has grown 3x QoQ to an annualised run-rate of $600mn. We will continue to expand our entire fintech portfolio thru innovations and partnerships to bolster the large headroom for growth in India, as well as expand internationally.”, said Mr. Vishwas Patel, Executive Director, Infibeam Avenues Limited, and Chairman, Payments Council of India. Result PDF