Infibeam Avenues reports Rs 66.5 crore net profit in Q2 FY26; revenue grows 93% to Rs 1,965 crore

Infibeam Avenues delivered one of its strongest quarters yet, with the digital payments company reporting a sharp rise in revenue and profit for the three months ended September 2025.

The Ahmedabad-based firm’s operating revenue nearly doubled year-on-year, rising 93% to Rs 1,965 crore in Q2 FY26 from Rs 1,017 crore a year earlier. Including other income of Rs 21 crore, total quarterly income reached Rs 1,986 crore.

The company’s payments business remained the backbone of its operations, contributing 97% of overall collections. Payment revenues grew more than 95% to Rs 1,900 crore. Infibeam’s e-commerce platform division also expanded steadily, rising close to 50% year-on-year to about Rs 65 crore.

Total expenses increased at a similar pace, rising 98% to Rs 1,891 crore in Q2 FY26 from Rs 957 crore a year earlier. Payment processing outlays, the firm’s largest cost segment, rose 105% to Rs 1,812 crore. Employee-related expenses remained flat at Rs 34 crore, while depreciation climbed 12% to Rs 19 crore.

Despite rising costs, Infibeam’s profitability improved. Profit after tax grew 45% year-on-year to Rs 68 crore in Q2 FY26 from Rs 47 crore in the same quarter last year. On a sequential basis, profit increased 16% from Rs 58.4 crore. For the first half of FY26, profit stood at Rs 126 crore, up 17% from Rs 108 crore in H1 FY25.

The company’s total payment volume reached 117.2 crore transactions, up 33% year-on-year, helped by improved product mix and operational restructuring.

Infibeam said its performance reflects a deliberate shift in strategy over the past year. It has streamlined its structure into a pure-play financial technology and AI-driven payments company, following the slump sale of its platform business to Rediff for Rs 800 crore. The transaction also follows Infibeam’s acquisition of a majority stake in Rediff in 2024, which the company said has strengthened both its B2B and consumer offerings.

“With this transition, Infibeam Avenues will now operate as a pure-play financial technology and AI-driven payments company, while Rediff will drive the AI-first platform strategy, encompassing commerce, content, and digital services,” the company said.