Infibeam Avenues Q4FY24 results: Net profit rises 26.2% to Rs 49.6 crore

Fintech firm Infibeam Avenues, which operates the CCAvenue payment gateway, reported a consolidated net profit of Rs 49.6 crore in the fourth quarter of financial year 2024 (Q4FY24), up 26.2 per cent from Rs 29.3 crore in Q4FY23.

On a sequential basis, profit at the company increased 19.8 per cent from Rs 41.4 crore in Q3FY24.

In financial year 2024 (FY24), the company reported a net profit of Rs 158.1 crore, up 13 per cent from Rs 139.6 crore in the previous financial year (FY23).

Similarly, its net revenue from operations inched up 10 per cent from Rs 673.6 crore in Q4FY23 to Rs 743 crore in Q4FY24. Meanwhile, the company’s net revenue from operations declined 19 per cent sequentially from Rs 918.3 crore in Q3FY24 to Rs 743 crore in Q4FY24.