Infibeam Avenues is eyeing more than 70 per cent on-year growth in the topline this fiscal at around Rs 3,500 crore on the back of aggressive client additions. Infibeam also expects to earn at least Rs 150 crore in net income this financial year, marginally up from Rs 136 crore in FY23, as it will be hiring more high-tech latent for its upcoming AI hub in the IFSC.
The company started the current fiscal on a high note reporting the highest-ever quarterly revenue of Rs 742 crore in April-June, which was up by 77 per cent on-year. It earned a net income of Rs 32 crore, which jumped 40 per cent on-year in the quarter. The topline growth was led by its flagship payment brand CCAvenue which clocked 93 per cent more income in the first quarter.
Infibeam Avenues is engaged in providing online retail services.
