Infibeam’s Q3 Profit Zooms 50% YoY To INR 64 Cr

Infibeam’s Q3 Profit Zooms 50% YoY To INR 64 Cr

SUMMARY

EBITDA zoomed 40% YoY to INR 101.4 Cr in Q3 FY25

Operating revenue surged 18% to INR 1,070.3 Cr in the December quarter, 95% of which came from the payment business (CCAvenue)

Total expenses increased 18% YoY to INR 1,013.1 Cr during the quarter under review

Payments infrastructure company Infibeam Avenues posted a nearly 50% jump in its consolidated profit after tax (PAT) to INR 64.4 Cr in the third quarter of the financial year 2024-25 (Q3 FY25) from INR 43.1 Cr in the year-ago quarter.

Sequentially, net profit surged almost 36% from INR 47.4 Cr.

The growth in the bottom line was driven by a surge in revenue. The company’s operating revenue rose 18% to INR 1,070.3 Cr in the December quarter of FY25 from INR 907.1 Cr in the same quarter last year. 

On a quarter-on-quarter basis, it rose over 5% from INR 1,016.6 Cr.

The fintech company saw its EBITDA zoom 40% to INR 101.4 Cr in Q3 FY25 from INR 72.5 Cr in the corresponding quarter last year.

The payment business (CCAvenue) accounted for 95% of Infibeam’s operating revenue in Q3 FY25 at INR 1,010.2 Cr. This was an increase of 19% from INR 858.2 Cr in the year-ago period.

Revenue from the ecommerce platform business climbed 23% to INR 60.1 Cr in the reported quarter from INR 48.9 Cr in Q3 FY24. 

The company expects its gross revenue to surge 23-32% YoY to INR 390-420 Cr in the fiscal year ending March 31, 2026.

Founded in 2007 by Vishal Mehta, Infibeam provides omnichannel and full-stack B2B digital payments solutions through CCAvenue, bill payment solutions through BillAvenue and digital financial services through Go Payments to large enterprises, MSMEs and governments.

It caters to marquee clients across industries, such as Indigo, Vistara, Taj, ITC, MakeMyTrip, Jio, Airtel, Myntra, Indian Oil, and ICICI Bank among others.

The company saw significant merchant expansion with over 1.80 Lakh new activations on CCAvenue India in Q3 FY25, further strengthening market penetration.

It is pertinent to mention that Infibeam acquired a controlling 54.1% stake in digital content and commerce marketplace Rediff.com for INR 25 Cr last year.

In its Q3 FY25 presentation to investors, Infibeam said it is planning to launch ReddiffPay and RediffOne in the upcoming quarters to expand its digital offerings.

It is also planning to take its payment services to international markets such as the US, Australia and South East Asia, among other geographies. While it expects its payment business to become operational in Australia and the US in FY25, payment services in South East Asia and other geographies will be launched over the next 3-5 years, Infibeam said in a statement. 

Zooming Into Expenses

In line with the growth in its top line, Infibeam’s total expenses surged 18% to INR 1,013.1 Cr in Q3 FY25 from INR 858 Cr in the year-ago period.

Operating Costs: The spending under this head surged 17% YoY and 5% QoQ to INR 930.4 Cr in the October-December quarter.

Employee Costs: The company spent INR 40.2 Cr on employee benefit expenses in the reported quarter, up almost 29% from INR 31.2 Cr in Q3 FY24.

 

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