Infibeam revenue jumps 93% to Rs 1,965 Cr in Q2 FY26

Digital payments company Infibeam reported strong growth for the quarter ending September 2025. The Ahmedabad-based firm’s revenue from operations rose 93% year-on-year, nearing the Rs 2,000 crore threshold, while its profit grew 45% during the same period.

Infibeam’s revenue from operations rose to Rs 1,965 crore in Q2 FY26 from Rs 1,017 crore in Q2 FY25, according to its consolidated financial statements filed with the National Stock Exchange (NSE).

Infibeam’s payment business contributed 97% of its total collections, which jumped 95% to Rs 1,900 crore in Q2 FY26. Its e-commerce platform business also saw a 48% rise, reaching Rs 65 crore. The firm reported other income of Rs 21 crore, taking its total revenue to Rs 1,986 crore.

Infibeam operates a diversified digital platform, primarily focusing on digital payment services and e-commerce solutions.

On the cost front, Infibeam's total expenses surged 98% to Rs 1,891 crore in Q2 FY26 from 957 crore in Q2 FY25. Payment processing remained the largest cost driver, jumping 105% to Rs 1,812 crore. Employee benefit expenses remained stable at Rs 34 crore, while depreciation costs increased 12% to Rs 19 crore.

Infibeam’s profit rose 45% to Rs 68 crore in Q2 FY26 from Rs 47 crore in Q2 FY25. For the six months ending September 2025, the company’s profit increased 17% to Rs 126 crore in H1 FY26 from Rs 108 crore in H1 FY25.

Last month, Infibeam Avenues obtained in-principle approval from the Reserve Bank of India (RBI) to issue Prepaid Payment Instruments (PPIs) under the Payment and Settlement Systems Act, 2007.

At the close of today’s trading session, Infibeam’s share price stood at Rs 19.29 per share, giving the company a market capitalization of Rs 5,379 crore ($606 million).