Infibeam Avenues posts record Q2 revenue of Rs 1,016 Cr, profits up 16.7% YoY

Quick Summary:

Infibeam Avenues' revenue from operations hit Rs 1,016.65 crore, a 29.2% year-over-year increase, driven by an increase in digital transactions and a rise in merchant onboarding.

Our priorities are centred on delivering profitable growth, leveraging investments like Rediff.com and our AI initiatives, and optimizing operations to seize opportunities in the digital payments and fintech sectors, ensuring sustained value for our shareholders,” said Vishal Mehta, Chairman and Managing Director, Infibeam Avenues Ltd.

Total expenses also grew by 30.4% YoY to Rs 957.13 crore, led by a rise in operating expenses.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

Topics: Operations Profits Crore Revenue Privacy Infibeam Digital Increase Policy Rise Avenues

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 10:22:35 (1 days ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 293 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 17 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23551215

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