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Infibeam Avenues Ltd Q1FY24; 9% rise in Profits

Incorporated in 2007, Infibeam Avenues Ltd is in the business of software development services, maintenance, web development, payment gateway services, e-commerce and other ancillary services

Financial Results:

  • Infibeam Avenues Ltd reported Revenues for Q1FY24 of ₹742.00 Crores up from ₹418.00 Crore year on year, a rise of 77.51%.
  • Total Expenses for Q1FY24 of ₹711.00 Crores up from ₹392.00 Crores year on year, a rise of 81.38%.
  • Consolidated Net Profit of ₹25.00 Crores up 8.7% from ₹23.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹0.10, up 11.11% from ₹0.09 in the same quarter of the previous year.
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