Digital payments giant Infibeam Avenues achieved remarkable growth in Q2 FY25, with its operating revenue climbing 29.19% year-on-year. The Ahmedabad-based company’s net profit also saw a 16.45% increase during the quarter ending September 2024.
According to its unaudited consolidated financial statements on the Bombay Stock Exchange (BSE), Infibeam reported ₹1,016.65 crore in operating revenue for Q2 FY25, up from ₹786.97 crore in the same period last year. The company’s payments business contributed 95.7% of the revenue, growing 31.82% to ₹973.34 crore. However, its e-commerce platform business faced a decline of 10.81%, falling to ₹43.31 crore. Total revenue for the quarter stood at ₹1,020.19 crore.
Infibeam operates a multi-faceted digital platform specializing in digital payments and e-commerce solutions.
The company’s expenses surged by 30.41% in Q2 FY25, reaching ₹957.1 crore. Operating expenses, which form the bulk of its costs, increased by 29.98% to ₹882.3 crore. Employee benefits rose 10.86% to ₹34.5 crore, while depreciation expenses grew 3.64% to ₹17.1 crore. Additional undisclosed expenses amounted to ₹23.2 crore.
Infibeam’s profit after tax rose to ₹47.4 crore, up from ₹40.69 crore in Q2 FY24. The company reported a Return on Capital Employed (ROCE) of 1.62% and an EBITDA margin of 7.96%. Notably, Infibeam spent ₹0.94 for every rupee of operating revenue earned during the quarter.
Competing with industry leaders such as Paytm, Razorpay, and PhonePe, Infibeam continues to solidify its position in the digital payments space. At the close of trading, the company’s market capitalization stood at ₹7,600 crore, with its stock priced at ₹27.30 per share.
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