AvenuesAI Q1 Profit Jumps 45% YoY To ₹85 Cr, Revenue More Than Doubles
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Fintech company AvenuesAI’s (formerly Infibeam Avenues) consolidated net profit for the June quarter of the ongoing fiscal year (Q1 FY27) surged 45% to ₹84.8 Cr from ₹58.4 Cr in the year-ago period.
On a sequential basis, net profit decreased by about 5% from ₹89 Cr.
Operating revenue zoomed by 109% YoY and 8% QoQ to ₹2,680.4 Cr. Including other income of ₹28.4 Cr, total income for the quarter under review stood at ₹2,708.8 Cr.
Meanwhile, total expenses during the quarter also more than doubled YoY to ₹2,624 Cr. On a sequential basis, the company’s expenses grew by 8% from ₹2,428.8 Cr.
(The story will be updated soon)
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