AvenuesAI revenue jumps 2.2X to Rs 2,381 Cr in Q3 FY26

Digital payments company AvenuesAI (formerly Infibeam) reported strong growth for the quarter ending December 2025. The Ahmedabad-based firm’s revenue rose 122% year-on-year, nearing the Rs 2,000 crore threshold, while its profit grew 25% during the same period.

AvenuesAI’s gross revenue rose 2.2X to Rs 2,381 crore in Q3 FY26 from Rs 1,070 crore in Q3 FY25, according to its consolidated financial statements filed with the National Stock Exchange (NSE).

AvenuesAI operates a dual-segment business model, spanning a payments and credit infrastructure arm and an enterprise e-commerce platform offering software, advertising, and infrastructure-rental services.

The company's payment business contributed 97.5% of its total collections, which jumped 130% to Rs 2,323 crore in Q3 FY26. However, its e-commerce platform business saw a 3.33% decline, reaching Rs 58 crore. The firm reported other income of Rs 16 crore, taking its total revenue to Rs 2,397 crore.

On the cost front, its total expenses surged 128% to Rs 2,307 crore in Q3 FY26 from 1,013 crore in Q3 FY25. The company booked Rs 2,233 crore under its operating expense which rose 140X from Rs 930 crore in Q3 FY25. Employee benefit expenses however fell 32% to Rs 27 crore, depreciation cost also decreased 3% to Rs 19 crore.

AvenuesAI’s profit rose 25% to Rs 80 crore in Q3 FY26 from Rs 64 crore in Q3 FY25. For the nine months ending December 2025, the company’s profit increased 14% to Rs 206 crore from Rs 181 crore, a year earlier.

During the quarter, the firm approved a proposal to change its corporate name to AvenuesAI Limited, as part of its rebranding exercise.

At the close of today’s trading session, Avenues AI’s share price stood at Rs 18.80 per share, giving the company a market capitalization of Rs 6,537 crore ($721 million).