Infibeam Q2: Profit Zooms 43% YoY To INR 68 Cr

SUMMARY

On a sequential basis, profit rose 16% from INR 58.4 Cr

Operating revenue climbed 93% YoY and 54% QoQ to INR 1,964.9 Cr during the quarter under review

Total expenses jumped 98% YoY to INR 1,890.6 Cr

Fintech company Infibeam Avenues’ profit after tax surged 43% to INR 67.7 Cr in Q2 FY26 from INR 47.5 Cr in the year-ago quarter. On a sequential basis, profit rose 16% from INR 58.4 Cr.

Operating revenue climbed 93% YoY and 54% QoQ to INR 1,964.9 Cr during the quarter under review. Infibeam’s core payment business recorded an uptick of over 95% YoY in revenue to INR 1,900.1 Cr. Meanwhile, its ecommerce platform business saw a 50% YoY jump in revenue to INR 64.8 Cr.

Including other income of INR 21.1 Cr, total income for the quarter stood at INR 1,986 Cr. Total expenses, too, jumped 98% YoY to INR 1,890.6 Cr.

The company’s total payment volume (TPV) increased 33% YoY to 117.2 Cr on the back of improved card payment mix, new merchant additions and deeper AI integration across platforms.

Infibeam’s quarterly revenue surged to an all-time high due to its “deliberate and focussed” business transformation in recent times. From a diversified, multi-platform structure, the company said that it has streamlined its business offerings to realign its focus on digital payments and AI-driven solutions.

Under this, the company completed the slump sale of its platform business to subsidiary Rediff for INR 800 Cr. “With this transition, Infibeam Avenues will now operate as a pure-play financial technology and AI-driven payments company, while Rediff will drive the AI-first platform strategy, encompassing commerce, content, and digital services,” the company said.

For context, Infibeam acquired a majority stake in digital content and ecommerce marketplace Rediff in August 2024 to foray into consumer-facing digital financial services as an aggregator.

The company said that the integration has also strengthened its B2B and B2C operations, leading to an overall spike in revenues and TPV.

Important to note that Infibeam undertook its first rights issue in the quarter to strengthen its balance sheet and invest in key growth areas like AI, digital payment solutions, among others. While the company closed its INR 700 Cr rights issue on July 15, it only allocated 69.99 Cr equity shares to eligible equity shareholders, raising INR 350 Cr.

The company has fixed November 14 as the record date for the first and final call to determine eligible shareholders for the allocation of the equity shares.

Shares of Infibeam Avenues surged 8.2% to end today’s trading session at INR 19.25 on the BSE.