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AvenuesAI Q2 Net Profit Rises 6% YoY To ₹72 Cr, Revenue Up 47%

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AvenuesAI Q2 Net Profit Rises 6% YoY To ₹72 Cr, Revenue Up 47%

AvenuesAI (formerly Infibeam Avenues) reported a 6% growth in its net profit to ₹71.7 Cr in the quarter ended September (Q2 FY27) from ₹67.7 Cr a year earlier. On a sequential basis, net profit declined 15.4% from ₹84.8 Cr.

Meanwhile, its operating revenue grew 46.5% YoY and 7.4% QoQ to ₹287.9 Cr during the quarter under review. Including other income of ₹2.8 Cr, total income during the quarter stood at ₹290.7 Cr. 

The fintech company’s operating EBITDA, excluding other income, grew just 3% YoY to ₹9.9 Cr. This came as its total expenses rose 49.4% YoY and 7.7% QoQ to ₹282.5 Cr in Q2 FY27, outpacing the growth in operating revenue.

At the same time, its consolidated net revenue, after accounting for payment processing and other costs, declined 1% YoY to ₹151.3 Cr in Q2 FY27. 

AvenuesAI attributed the decline to its ‘competitive pricing strategy’ amid efforts to deepen merchant relationships and increase transaction volumes. As a result, its net take rate moderated 4% to 5.06 bps despite a 19% sequential increase in its total payments volume to ₹1.77 Lakh Cr. 

The company generated ₹282.2 Cr in revenue from its payment business, which includes its CCAvenue payment gateway, payment infrastructure services to banks (CPGS), and credit and lending-related services, accounting for nearly 98% of its operating revenue during the quarter. The remaining ₹5.7 Cr was derived from its ecommerce platform business, Rediff. 

Alongside its financial performance, AvenuesAI outlined its plans to expand its AI capabilities, with advanced technology development and AI software-related work remaining among the key objectives of its rights issue.


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