Digital payments firm AvenuesAI, formerly Infibeam, posted a 47% jump in quarterly revenue to Rs 2,879.2 crore for the September quarter of FY27, according to MediaNama. Consolidated net profit rose 6% to Rs 71.7 crore, compared with Rs 67.7 crore in the same period last year. The company filed these figures with the National Stock Exchange. Despite the year-on-year gains, sequential profit fell more than 15% from Rs 84.8 crore in the prior quarter, while operating revenue increased 7% from Rs 2,680.4 crore.
Total outlays grew 49% to Rs 2,825.3 crore, outpacing revenue growth during the period. The core payments division, operating under the CCAvenue brand, generated Rs 2,822.4 crore in revenue, a 49% increase from the year-ago period. Segment profit for this unit dropped 10% to Rs 38.7 crore, as total payment value reached Rs 1.77 lakh crore and the net take rate eased to 5.06 basis points. The enterprise e-commerce platform segment saw revenue decline 12% to Rs 56.8 crore, with segment profit falling 36% to Rs 27.1 crore.
Vishwas Patel, managing director and CEO, framed the quarter as a deliberate choice to prioritize transaction volume over immediate margins. He noted that payments transaction value grew 19% sequentially, while the net take rate moderated by about 4%. Patel described this shift as a move to strengthen merchant ties and secure long-term market position. The company is also working to unlock value from its Rediff acquisition, expand CCAvenue internationally, and develop AI-led transaction intelligence through TISco.
AvenuesAI has raised its FY27 consolidated revenue guidance to Rs 13,000 crore, up from Rs 11,000 crore, citing merchant scale and new monetization avenues. The firm is monitoring proposed changes to merchant discount rate policies for UPI transactions, which could benefit its CCAvenue and RediffPay platforms if implemented. Management indicated that nearly 22% of current transactions occur via UPI, meaning any new charges on these transactions would add direct revenue to the platform.