AvenuesAI’s Q1 FY27 net profit rose 45% YoY to ₹84.8 Cr, while operating revenue more than doubled to ₹2,680.4 Cr.
The strong revenue growth comes despite a sharp rise in expenses, signalling continued expansion in AvenuesAI’s digital payments business.
Total income stood at ₹2,708.8 Cr, while expenses surged 113% YoY to ₹2,624 Cr.
Fintech company AvenuesAI’s (formerly Infibeam
Avenues) consolidated net profit for the June quarter of the ongoing fiscal year (Q1 FY27) surged 45% to ₹84.8 Cr from ₹58.4 Cr in the year-ago period.
On a sequential basis, net profit decreased by about 5% from ₹89 Cr.
Operating revenue zoomed by 109% YoY and 8% QoQ to ₹2,680.4 Cr. Including other income of ₹28.4 Cr, total income for the quarter under review stood at ₹2,708.8 Cr.
Meanwhile, total expenses during the quarter also more than doubled YoY to ₹2,624 Cr. On a sequential basis, the company’s expenses grew by 8% from ₹2,428.8 Cr.
(The story will be updated soon)
Source: Inc42 - Startups
