Infibeam Avenues (NSE: INFIBEAM) is an Indian e-commerce and technology company founded in 2007. The company offers digital payments, enterprise e-commerce solutions, and AI-based solutions to businesses and individuals. The company offers a comprehensive range of e-commerce solutions to businesses, including online storefronts, payment gateways, logistics support, and inventory management.
The company also offers an AI-based platform, ILens, which provides personalized recommendations to customers based on their browsing history and preferences. For the quarter ending December 30, 2022, Infibeam Avenues reported a consolidated Revenue of ₹414.7 crores, an increase of 4.4% YoY. The company’s Net profit after tax was ₹35.38 crores, a significant increase from the ₹24.17 crores reported in the same quarter last year.
The growth in revenue and profitability was primarily driven by the strong performance of Infibeam Avenues’ Payments segment, which witnessed a growth of 6.5% YoY. However, the E-commerce Platform segment witnessed significant decline in Revenue by 11% YoY.
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