Infibeam Avenues reported 61.3% fall in consolidated net profit to Rs 29.24 crore on 55.3% fall in total income to Rs 159.09 crore in Q4 March 2020 over Q4 March 2019.
The announcement was made after market hours yesterday, 5 June 2020. Shares of Infibeam Avenues gained 3.63% to close at Rs 57.05 on 5 June 2020.
Consolidated EBITDA fell 3% to Rs 49.10 crore in Q4 March 2020 over Q4 March 2019. EBITDA margin rose to 36% in Q4 March 2020 from 27% in Q4 March 2019.
The board of directors considered and approved acquisition of 100% shareholding in Cardpay Technologies Private Limited. Consequently, Cardpay Technologies Private Limited will become a wholly owned subsidiary of the company.
Infibeam Avenues is one of the leading global financial technology company offering digital payment solutions and enterprise software platforms to businesses and governments across industry verticals. The company's payment solution provides over 200 payment options to the merchants allowing them to accept payments through website and mobile devices in 27 international currencies.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app