Infibeam Avenues Reports Record Revenue of INR 19,649 Million in Q2FY26, Up 93% YoY

Infibeam Avenues Limited , India's first listed AI-powered tech and fintech company, has announced its financial results for the quarter ended September 30, 2025, showcasing significant growth and strategic developments.

Financial Highlights

Revenue Surge: The company reported a record-breaking consolidated revenue from operations of INR 19,649 million, marking a 93.3% year-over-year increase and a 53.5% quarter-on-quarter growth.
Profit Growth: Profit After Tax increased to INR 677 million, up 42% year-over-year.
Total Payment Volume (TPV): TPV reached INR 1,172 billion, up 33% year-over-year.
Approaching Milestone: On an annualized run-rate basis, Infibeam Avenues is nearing the USD 1 billion revenue mark.

Key Financial Metrics

Particulars	Current Quarter	Previous Year Quarter	Y-o-Y Growth
Gross Revenue (INR million)	19,649.00	10,166.00	93.3%
Net Revenue (INR million)	1,531.00	1,343.00	14%
Adj. EBITDA (INR million)	937.00	854.00	10%
Adj. PAT (INR million)	649.00	550.00	18%
Consolidated PAT (INR million)	677.00	477.00	42%

Strategic Developments

Platform Business Sale: Infibeam Avenues completed the strategic sale of its Platform Business to its subsidiary Rediff.com India Limited for INR 800 crore, streamlining its focus on fintech and AI-driven payments.
Business Restructuring: The company has transitioned to operate primarily as a payment business focused on digital payments and AI-driven solutions.
Successful Rights Issue: The company successfully raised INR 700 crore through a partially paid-up rights issue that was oversubscribed by 1.4x.

Business Updates

Launched PayCentral.AI platform, India's first agentic payments platform.
Secured regulatory approvals from IFSCA to operate as a Payment Service Provider at GIFT-IFSC.
Obtained in-principle authorization from the RBI to issue prepaid payment instruments (PPIs).
Expanded banking partnerships with several financial institutions.
CCAvenue recognized as a Superbrand 2025.

Mr. Vishal Mehta, Chairman and Managing Director of Infibeam Avenues Ltd., commented on the results: "We are delighted with our strong performance this quarter. The sharp rise in TPV and revenue underscores the growing trust our merchants and partners place in our platforms. Our diversified digital offerings and focus on profitability position us well to cross the USD 1 billion revenue mark on a run-rate basis."

With these results and strategic moves, Infibeam Avenues continues to strengthen its position in the fintech sector, demonstrating robust growth and innovation in the digital payments landscape.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.26%	-0.78%	-16.52%	-9.70%	-28.64%	-19.81%

Infibeam Avenues Limited , a leading fintech company, has successfully completed the conversion of its partly paid-up equity shares following the final call on its rights issue. The Rights Issue Committee approved the conversion of 68.22 crore partly paid-up equity shares into fully paid-up shares on December 16, 2025, after receiving the final call money from eligible shareholders.

Rights Issue Call Completion

The company had earlier announced the first and final call on November 10, 2025, for its partly paid-up equity shares from the recent rights issue. The call period ran from November 25 to December 9, 2025, during which shareholders were required to pay Rs 5.00 per share to convert their partly paid-up shares into fully paid-up equity shares.

Particulars:	Details
Total Shares Approved:	69,99,85,723
Shares Actually Converted:	68,21,82,616
Call Amount per Share:	Rs 5.00
Face Value Adjustment:	Rs 0.50
Securities Premium:	Rs 4.50
Record Date:	November 14, 2025
Conversion Date:	December 16, 2025

Conversion Details and Reconciliation

The Rights Issue Committee meeting held on December 16, 2025, approved the conversion of 68,21,82,616 partly paid-up equity shares into fully paid-up equity shares upon receipt of the final call money. This represents a high conversion rate from the total approved shares.

Reconciliation Statement:	Number of Shares
Shares Approved by Stock Exchanges:	69,99,85,723
Shares Actually Allotted:	69,99,85,723
Shares Converted to Fully Paid:	68,21,82,616
Conversion Rate:	97.46%

Background and Process

The partly paid-up equity shares were originally allotted on July 15, 2025, with Re 0.50 paid-up out of Re 1 face value. The final call completed the payment for these shares, with Re 0.50 adjusted towards the face value and Rs 4.50 towards the securities premium for each converted share. Trading in the partly paid-up shares was suspended from November 14, 2025, in accordance with regulatory guidelines.

Strategic Impact

This successful completion of the rights issue process strengthens Infibeam Avenues' capital structure and demonstrates strong shareholder confidence with the high conversion rate achieved. The company has made this information available on its website and informed the stock exchanges as per regulatory requirements.