AvenuesAI Q1 profit up 45% as payments revenue doubles
AvenuesAI, the CCAvenue owner formerly known as Infibeam Avenues, more than doubled operating revenue in Q1 FY27. Profit grew far slower than the top line, which is what a payments book usually looks like.
- AvenuesAI, formerly Infibeam Avenues, runs CCAvenue and posted Q1 FY27 net profit of Rs 84.8 crore, up 45 percent.
- Operating revenue more than doubled to Rs 2,680.4 crore, up 109 percent year on year and 8 percent sequentially.
- The payments segment contributed Rs 2,625.9 crore against Rs 1,226.5 crore a year earlier, while ecommerce was flat at Rs 54.5 crore.
- FY27 revenue guidance is Rs 11,000 crore to Rs 13,000 crore against FY26 revenue of Rs 8,115.9 crore.
AvenuesAI, the listed company formerly called Infibeam Avenues, reported net profit of Rs 84.8 crore for Q1 FY27, up 45 percent from Rs 58.4 crore. Operating revenue was Rs 2,680.4 crore, up 109 percent year on year and 8 percent sequentially. Total income, including Rs 28.4 crore of other income, was Rs 2,708.8 crore. The Rs 85 crore in the Inc42 headline is the rounded version of Rs 84.8 crore in the body.
This is the CCAvenue business. Payments contributed Rs 2,625.9 crore of the quarter, against Rs 1,226.5 crore a year earlier. Ecommerce was Rs 54.5 crore and flat. Total expenses were Rs 2,624 crore, up 113 percent, growing faster than revenue. EBITDA excluding other income was Rs 100 crore, up 41 percent. Sequentially, net profit fell 5 percent from Rs 89 crore.
Read the shape, not only the direction. Revenue more than doubled while EBITDA grew 41 percent and profit grew 45 percent. That is what a payments book looks like when volume-linked revenue scales. The top line absorbs the cost of money moving through it, and margin does not follow it up. Profit slipping sequentially in a quarter of 8 percent revenue growth makes the same point.
For merchants on CCAvenue, the practical signals sit elsewhere in the release. The company has guided to FY27 revenue of Rs 11,000 crore to Rs 13,000 crore against Rs 8,115.9 crore in FY26, and named US expansion for CCAvenue as a priority. It is building TISco, a transaction intelligence score for fraud detection and merchant assessment. A gateway putting AI risk scoring at the centre of its roadmap will apply it to onboarding and to settlement holds, so merchants with thin or spiky transaction histories should expect more automated scrutiny, not less. Ask your account manager how the score is calculated before it starts governing your payouts.
Elsewhere, the board approved a draft scheme to merge wholly owned subsidiary Nueromind Technologies into AvenuesAI, subject to NCLT approval. Rediff, the group’s content arm, has SEBI approval for an IPO of Rs 600 crore to Rs 800 crore. Shares closed 6.32 percent lower at Rs 16.44.
Zane’s analysis draws on original reporting by Inc42. Read the original report.