You are here: Home » Companies » Results
Business Standard

Infibeam Avenues Q4 net profit dips 11% to Rs 28 cr; revenue up 84%

For the full FY22, the profit after tax stood at Rs 84 crore, up 19 per cent over the previous fiscal

Infibeam Avenues | Q4 Results

Press Trust of India  |  New Delhi 

Q4 results
The gross revenue zoomed 91 per cent for FY22 to Rs 1,293 crore

on Monday reported an 11 per cent drop year-on-year in its consolidated net profit to Rs 28 crore for the fourth quarter ended March 2022.

However, the company's gross revenue rose 84 per cent year-on-year to Rs 369 crore in the just-ended quarter.

On a sequential basis, the consolidated net profit was 17 per cent higher over the December 2021 quarter.

" Ltd has built its digital infrastructure, and currently, the company is comfortably poised to capitalise on its digital infrastructure Payment, Platform and Finance," said in a statement.

For the full FY22, the profit after tax stood at Rs 84 crore, up 19 per cent over the previous fiscal.

The gross revenue zoomed 91 per cent for FY22 to Rs 1,293 crore.

Elaborating on the fourth quarter highlights, the company said gross revenue was up 84 per cent year-on-year "on account of strong growth across payments and platform businesses, in India and internationally".

Vishal Mehta, the company's managing director, said: "Past investment in developing digital payment infrastructure has started fructifying and delivering growth for Infibeam Avenues Ltd after pandemic triggered digitalisation of the economies".

On the business outlook for FY23, the company has pegged the "EBITDA (earnings before interest, taxes, depreciation, and amortisation) in the range of Rs 170-190 crore and PAT (Profit after Tax) in the range of Rs 110-120 crore".

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, May 09 2022. 20:53 IST