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

AvenuesAI, formerly known as Infibeam Avenues, saw a 6% increase in net profit to ₹71.7 Cr in Q2 FY27, up from ₹67.7 Cr in the same period last year. Operating revenue experienced a 46.5% year-over-year growth, reaching ₹287.9 Cr, with a 7.4% quarter-over-quarter increase. The fintech company's total income, including other income, amounted to ₹290.7 Cr for the quarter.

Operating EBITDA, excluding other income, grew by just 3% YoY to ₹9.9 Cr, while total expenses surged 49.4% YoY and 7.7% QoQ to ₹282.5 Cr. This outpaced the growth in operating revenue. AvenuesAI's net take rate moderated to 5.06 bps, down 4% from the previous year, despite a 19% increase in transaction volumes. Payment business contributed ₹282.2 Cr to the company's ₹290.7 Cr in total income.

The ecommerce arm, Rediff, contributed ₹5.7 Cr to the total income. AvenuesAI plans to utilize the remaining unutilized funds from its recent rights issue for AI development and software-related activities directly, rather than through Nueromind. The company aims to expand its AI capabilities, including the development of its Transaction Intelligence Score (TISco), an AI-led initiative for risk assessment, fraud prevention, merchant intelligence, and financial services workflows.

AvenuesAI aims to raise between ₹600-800 Cr via an IPO for its ecommerce arm, Rediff, with the listing expected in the near future.