Infibeam Avenues shares surge 4% as net profit jump 49% YoY in Q3

Infibeam Avenues shares jumped more than 4% after reporting impressive financial results for the quarter ending December 31, 2024. The company showcased significant growth across key financial metrics, reinforcing its strong operational performance and expanding presence in digital services. As of 1:56 AM, the shares were trading 3.82% higher at Rs 23.35.

Revenue from operations surged 18% year-over-year (YoY) to ₹1,070.35 crore, up from ₹907.1 crore in the same period last year. This growth was fueled by sustained demand across digital platforms and payment services, highlighting the company’s strategic expansion. Total income also saw a substantial 19.6% YoY increase, reaching ₹1,093.55 crore compared to ₹913.23 crore in Q3 FY24.

Advertisement

A key highlight of the quarter was the impressive 49% YoY surge in net profit, which climbed to ₹64.4 crore from ₹43.1 crore in Q3 FY24. Operating expenses stood at ₹930.41 crore, aligning with revenue growth and reflecting the company’s focus on maintaining a strong balance between expansion and cost control.

Infibeam Avenues shares opened at ₹22.80, reaching a high of ₹24.63 and a low of ₹22.55. The stock’s 52-week high stands at ₹40.18, while the low is ₹20.90.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.