Home / Companies / Results / Infibeam Q2 net falls 35%; to invest in So Hum Bharat Digital Payments

Infibeam Q2 net falls 35%; to invest in So Hum Bharat Digital Payments

Its consolidated income from operations dropped 8.5 per cent to Rs 153.9 crore in the quarter under review

Q1 earnings preview: Combined net profit of Nifty50 firms may decline 2.5%

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During the September quarter, Infibeam Avenues structured pricing in payment business for capturing market opportunities in line with the industry to sustain profitable growth

Press Trust of India New Delhi

3 min read Last Updated : Nov 12 2020 | 10:14 PM IST

Infibeam Avenues on Thursday reported a 34.5 per cent decline in net profit at Rs 8 crore for the three months ended September.

The company has also decided to invest in So Hum Bharat Digital Payments to apply to the RBI for a New Umbrella Entity (NUE) license for retail payment systems.

It had posted a net profit (excluding share of associates) at Rs 12.22 crore in the year-ago period, Infibeam Avenues said in a regulatory filing.

The company offers digital payment solutions and enterprise software platforms to businesses and governments across industry verticals.

Its consolidated income from operations dropped

Topics : Infibeam Avenues

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