Infibeam Avenues Reports 43% Increase in Q1 FY25 Profit After Tax

Infibeam Avenues Reports Strong Q1 FY25 Results with 43% Profit Growth

Fintech firm Infibeam Avenues released its financial results for the first quarter of the ongoing fiscal year (Q1 FY25) on Friday. The company reported a 3.6% increase in gross revenue and an impressive 43% surge in profit for the quarter ending June 2025.

Revenue and Merchant Growth

Infibeam Avenues’ gross revenue rose to Rs 753 crore in Q1 FY25 from Rs 727 crore in Q4 FY24, according to its unaudited consolidated quarterly report filed with the National Stock Exchange. The payment business contributed 93.6% of the total revenue, amounting to Rs 705 crore, while income from customized e-commerce solutions added Rs 39.3 crore.

The company claims to have over 10 million merchants, with an average daily addition of more than 2,550 merchants in Q1 FY25. Including other operating and financial income, Infibeam Avenues’ overall revenue increased to Rs 781 crore in Q1 FY25 from Rs 743 crore in Q4 FY24.

Infibeam Avenues Operating Expenses and Profit Growth

Operating expenses, including payment processing costs, formed 90% of overall expenditure and remained steady at Rs 634 crore in Q1 FY25. The firm’s spending on employee benefits, legal, and other overheads increased overall costs by 3.5% to Rs 703 crore in Q1 FY25 from Rs 679 crore in Q4 FY24.

The rise in other income and consistent growth helped Infibeam Avenues register a 42.9% increase in profits to Rs 70 crore in Q1 FY25 from Rs 49 crore in Q4 FY24. On a unit level, the Ahmedabad-based company spent Rs 0.93 to earn one rupee in Q1 FY25.

Strategic Acquisition and Market Position

Additionally, Infibeam Avenues acquired a majority stake (54%) in Rediff.com, making it a subsidiary of Infibeam Avenues. “With this synergy, we are poised to unlock new dimensions of growth, redefining the essence of cloud and fintech engagement,” said Vishal Mehta, Chairman and MD of Infibeam Avenues.

Infibeam Avenues is currently trading at Rs 32.42 (as of 03.00 PM), with a total market capitalization of Rs 9,019 crore or $1.1 billion.

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