Did Infibeam Avenues See a 15% Drop in Profit in Q4?

Synopsis
Key Takeaways
- Sequential profit drop of 15% to Rs 54 crore.
- Operational income increase of 8.4% to Rs 1,160 crore.
- Year-on-year profit growth of 17%.
- Expenses rose 8.88% to Rs 1,103 crore.
- Rights issue approved for Rs 700 crore to drive growth.
Mumbai, May 26 (NationPress) - Fintech entity Infibeam Avenues disclosed a sequential profit decline of 15 percent for the January-March quarter (Q4), recording a profit of Rs 54 crore, down from Rs 64 crore in the preceding December quarter (Q3).
The company detailed in a stock exchange filing that its operational income reached Rs 1,160 crore in the March quarter of FY25, marking an 8.4 percent increase compared to Rs 1,070 crore from the December quarter.
Year-on-year, the profit from operations surged by 17 percent in the March quarter, compared to Rs 46 crore in the same quarter of FY24.
Quarterly expenses rose by 8.88 percent to Rs 1,103 crore in the January-March timeframe, up from Rs 1,013 crore during the October-December period.
On an annual scale, expenses surged by 65 percent, from Rs 666 crore in FY24.
For the full FY25, Infibeam Avenues posted a profit of Rs 236 crore, a striking 51 percent rise compared to Rs 156 crore for FY24.
Overall, the income from operations expanded from Rs 3,150 crore to Rs 3,992 crore, reflecting a 26.73 percent annual growth.
The total income for FY25 reached Rs 4,065 crore, representing a 28.03 percent increase from Rs 3,175 crore in FY24.
According to the company's latest shareholding report, promoters hold 27.36 percent of shares, while foreign institutional investors (FIIs) possess 7.72 percent and the public owns 64.29 percent.
To fuel its growth ambitions, the Board of Directors approved a rights issue of up to Rs 700 crore. This capital will bolster key strategic initiatives, the company stated.