{
  "id": 18495621,
  "title": "AvenuesAI Q2 Net Profit Rises 6% YoY To ₹72 Cr, Revenue Up 47%",
  "url": "https://urgent.news/2026/11/06/avenuesai-q2-net-profit-rises-6-yoy-to-72-cr-revenue-up-47",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T11:09:42.000Z",
  "source": {
    "name": "Inc42",
    "slug": "inc42",
    "url": "https://inc42.com/buzz/avenuesai-q2-net-profit-rises-6-yoy-to-%e2%82%b972-cr-revenue-up-47/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "AvenuesAI (formerly Infibeam Avenues) reported a 6% growth in its net profit to ₹71.7 Cr in the quarter ended September…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}