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.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: India

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

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

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © YourStory

News ID: 23551215

View Article Analysis

About YourStory

Main Topics: StartupsEconomyBusiness

Official Website: yourstory.com

Update Frequency: 2 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 21 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #44

Publisher Details

Frequently Asked Questions