Boom! Infibeam Revenue Doubles, Profits Surge in Record-Breaking Quarter
Introduction:
This article provides a comprehensive analysis of the Q3 FY24 financial results of Infibeam Avenues, a leading fintech firm. The company’s impressive performance is marked by continuous growth in revenue and profits. The analysis covers various aspects including revenue growth, e-commerce platform performance, non-operating income, expenditure analysis, nine months performance, stock performance, and the acquisition of So Hum.
{jistoc} $title={Table of Contents}
Infibeam's Impressive Q3 FY24 Results: A Detailed Analysis
Infibeam Avenues, a leading fintech firm, recently released its financial results for the third quarter of the ongoing fiscal year (Q3 FY24). The results showcase a continuous growth in revenue and profits, marking an impressive performance.
Infibeam Avenues’ Revenue Growth
Infibeam's revenue from operations witnessed a significant growth of 15.4%, increasing to Rs 912 crore in Q3 FY24 from Rs 790 crore in Q2 FY24. When compared to Q3 of the previous fiscal (Q3 FY23), the operating revenue of the company more than doubled from Rs 414.7 crore.
A substantial 94% of the total operating revenue was generated via its payment gateway and infrastructure business. This segment grew by 16.2% to Rs 858.2 crore in Q3 FY24 from Rs 738.4 crore in Q2 of the same financial year.
Infibeam Avenues’ E-commerce Platform Performance
The collections from Infibeam's e-commerce platform business saw a modest increase of 4.3% to Rs 53.7 crore during the same period. It's worth noting that Infibeam also provides a software framework and infrastructure to enable e-commerce and related services, including domains and advertising.
Infibeam Avenues’ Non-operating Income
In addition to its operating revenue, Infibeam also earned Rs 6.37 crore as non-operating income, mainly from interest and gains on financial assets. This additional income took the firm’s overall revenue to Rs 918.3 crore during the period.
Infibeam Avenues’ Expenditure Analysis
On the expenditure side, operational overheads, which likely include infrastructure to manage its payment business and other related charges, accounted for 92.7% of the total cost. This key expense surged 17.7% to Rs 799 crore during Q3 FY24. Employee benefits expenses for the company remained stable at Rs 32.92 crore.
Despite the rise in expenses, Infibeam managed to push its profits by a marginal 1% to Rs 40.8 crore in Q3 against Rs 40.4 crore in the previous quarter. Last year in the same quarter (Q3 FY23), it booked Rs 35.3 crore in net profits. On a unit level, the company spent Re 0.95 to earn a rupee in Q3 of FY24.
Infibeam Avenues’ Nine Months Performance
For the nine months ended period (Apr-Dec 2024), Infibeam recorded Rs 2,444 crore revenue from operations with a profit of Rs 106.7 crore.
Infibeam Avenues’ Stock Performance
Following the healthy financials, Infibeam achieved a 52-week high share price at Rs 28 per share last week. Its share price currently stands at Rs 25.6 per share with a market cap of over Rs 7,000 crore.
Infibeam Avenues’ Acquisition of So Hum
In a separate disclosure, Infibeam also approved to acquire a 49.50% stake from the existing shareholders of So Hum Bharat Digital Payments Private Limited (So Hum). Post acquisition, So Hum will be a wholly owned subsidiary of Infibeam. Infibeam acquired a 50.5% stake in the digital payments firm in February 2021.
Conclusion
Infibeam's Q3 FY24 results highlight the company's strong performance and growth trajectory. The impressive revenue growth, coupled with a steady increase in profits, underscores Infibeam's robust business model and its ability to navigate the dynamic fintech landscape.
Disclaimer: This analysis is based on the financial results released by Infibeam Avenues for Q3 FY24. While every effort has been made to ensure the accuracy of this information, the author and publisher accept no responsibility for any errors or omissions, or for the results obtained from the use of this information. All information in this analysis is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.
Keywords: Infibeam Avenues, Q3 FY24, Financial Results, Revenue Growth, E-commerce Platform, Non-operating Income, Expenditure Analysis, Stock Performance, Acquisition, So Hum Bharat Digital Payments Private Limited
From 414 to 900: Infibeam's Rocket Ride in Q3 Shatters Records, E-commerce Giant Awakens: Infibeam's Q3 Profits Jump 94%, Market Cheers, Indian E-commerce Dominated: Infibeam Leaves Rivals in the Dust in Q3