Infibeam Avenues Q2 results: Net profit increases 5% at Rs 44 crore

Payments-focused fintech Infibeam Avenues on Tuesday reported a 5 per cent increase in its consolidated net profit to Rs 44 crore for the September quarter.

The Gandhinagar-headquartered entity had reported a net profit of Rs 41.89 crore in the year-ago period.

On a standalone basis, its profit after tax slipped to Rs 36.1 crore from Rs 37 crore in the year-ago period, and Rs 36.26 crore in the quarter-ago period.