Infibeam Avenues Q4FY22 and Year Ended result : Business grew 70%, PAT up 98% to ₹28 Cr YoY

Strong growth from transaction-based businesses, TPV (?) up by 70% YoY (Q4FY22-21) to INR 85,500 crore Gross revenue up 84% YoY (Q4FY22-21), on account of strong growth across Payments and Platform businesses, in India and internationally

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Infibeam Avenues Ltd is India’s leading e-commerce and payment solutions provider to businesses and the government. It is primarily engaged in business of software development services maintenance web development payment gateway services e-commerce and other ancillary services. In 2011 the Company launched 10.00 million SKUs across multiple categories and also launched rewards platform-Crossword Tata AIG and more than 100 brands.

In 2013 the company established INDENT with Sony Music for digital downloads and distribution. The company also launched JIVE HD on Sony Experia phones in Asia. Infibeam also provides payment services globally under the brand name CCAvenue and e-commerce software services to businesses across various industries and the Government of India. The company has posted its Q4FY22 and year ended financial results on 9th May,2022, the details are as below :

(I) Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹372.06 crore in the quarter ended on March 31, 2022 as against ₹203.66 crore in the corresponding quarter ended last year on Mar 31, 2021, increased by 82.69%.

The company has posted a consolidated Net Profit of ₹28.86 crore in the quarter ended on March 31, 2022 as against ₹14.97 crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT surges up by 92.78%.

The status of the EPS of the company stood at ₹0.10 as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹0.12, up by 16.7%.

₹*Mar 31, 2022 (Q4FY22)Dec 31, 21 (Q3FY22)Mar 31, 21 (Q4FY21)
Total Income372.06400.01203.66
Total Expenses341.59372.89176.61
PBT /(Loss)28.3230.4025.83
Total Tax /(credit)0.086.23(5.76)
PAT /(Loss) [to the owners]28.8625.0214.97
*figures are in Crores

(II) Audited Consolidated Financial Result details for the Year Ended :

The company has reported, a consolidated Total Income of ₹1,303.93 crore in the financial year ended on March 31, 2022 as against ₹686.06 crore for the financial year ended on Mar 31, 2021, increased by 90.06%.

The company has posted a consolidated Net Profit of ₹86.52 crore in the financial year ended on March 31, 2022 as against ₹72.34 crore for the financial year ended on March 31, 2021. The PAT surges up by 19.60%.

The status of the EPS of the company stood at ₹0.31 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹0.26, up by 19.23%.

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income1,303.93686.06
Total Expenses1213.52612.91
PBT /(Loss)98.3681.77
Total Tax /(credit)14.7111.52
PAT /(Loss)86.5272.34
*figures are in Crores

(III) Key Highlights about the Performance :

  • Strong growth from transaction-based businesses, TPV (?) up by 70% YoY (Q4FY22-21) to INR 85,500 crore
  • Gross revenue up 84% YoY (Q4FY22-21), on account of strong growth across Payments and Platform businesses, in India and internationally
  • Continued strong quarterly merchant addition; 0.5mn in Q4’22, avg. 8,000 daily
  • EBITDA grew 21% YoY and 18% QoQ
  • For FY22 – EBITDA grew 2% in FY22-21
  • FY22– Virtually zero debt, cash flow from operations (INR 117 crore, up by 9% YoY), highest ever Free Cash Flows (INR 75 crore, up 3 times) and ROE above 20%
  • FY22– Company issued 1:1 bonus and paid an interim dividend of 5%.

  • Business Outlook FY23, as posted
    • Total TPV around INR 4 lac crore (~$53 bn)
    • Targeting 9-10% market share of India’s digital payments excluding UPI from current 8%
    • Gross Revenue is expected to be in the range of INR 1,600-1,700 crore
    • EBITDA in the range of INR 170-190 crore and PAT in the range of INR 110-120 crore

Shares of Infibeam Avenues Ltd was last traded in BSE at ₹15.95 as compared to the previous close of ₹16.70. The total number of shares traded during the day was 1129025 in over 3629 trades.

The stock last hit in BSE,

  • Intraday High of ₹ 16.50
  • Intraday low of ₹ 15.85