Infibeam posts 50% jump in Q3 profits
04 Feb 2025, 09:00 PMPayment business accounted for 94% of its total revenues which stood at Rs 1,010 crore; whereas the e-commerce platform business' contributed Rs 60.3 crore.
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Payments firm Infibeam's revenue from operations surged to Rs 1,070 crore in Q3 FY25 from Rs 907 crore in Q3 FY24.
Payment business accounted for 94% of its total revenues which stood at Rs 1,010 crore during the quarter; whereas the e-commerce platform business' jumped to Rs 60.3 crore, as per the company's unaudited consolidated financial statements filed with the exchanges.
Payment processing was the largest cost center at Rs 930.4 crore; employee benefits cost increased by 30% to Rs 40 crore.
Infibeam Avenues stated the growth in the payments business has been driven by a substantial surge in digital payment transactions. This growth is primarily attributed to the increased adoption of online utility payments and the rising usage of digital payments across multiple retail stores through POS systems. Additionally, the company’s AI‐powered platform technologies have played a critical role in enhancing transaction volumes.
The company claims that during Q3FY25 it onboarded approximately 1.8 lakh new merchants.
"The upcoming quarters will see the launch of RediffPay and RediffOne, expanding our digital offerings. Additionally, Rediff is now a subsidiary of the company, strengthening our portfolio and market presence," Infibeam stated.
“Strategic collaborations with banks, fintechs, and regulatory bodies have paved the way for hyper‐growth in our
payments business. Our take rate improved significantly to 11.1 bps in Q3 FY25, reflecting a 32% year‐over‐year
increase, driving profitability. The festive season continued to boost transaction volumes in sectors such as travel,
hospitality, and education, as digital payments become increasingly mainstream. Moreover, the launch of our latest innovation, the CCAvenue SoundBox, a tap‐to‐pay POS device, has further propelled our growth trajectory,” said Vishwas Patel, joint managing director, Infibeam Avenues Ltd.
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