AvenuesAI Reports 45% YoY Profit Growth, Revenue More Than Doubles in Q1
Fintech firm AvenuesAI announced its first-quarter profit increased by 45% year-over-year to ₹85 crore, while revenue more than doubled. The company saw significant revenue growth during the period.
Fintech company AvenuesAI, formerly Infibeam Avenues, reported a 45% year-over-year increase in consolidated net profit for the first quarter of fiscal year 2027 (Q1 FY27), reaching ₹84.8 crore compared to ₹58.4 crore in the same period last year.
Operating revenue saw substantial growth, more than doubling year-over-year by 109% to ₹2,680.4 crore. Including other income of ₹28.4 crore, the company's total income for the quarter stood at ₹2,708.8 crore.
Total expenses also more than doubled compared to the previous year, amounting to ₹2,624 crore during the quarter. Sequentially, expenses rose by 8% from the previous quarter's ₹2,428.8 crore.
On a sequential basis, net profit saw a slight decrease of approximately 5% from the prior quarter's ₹89 crore.