AvenuesAI announced its Q1 FY27 results, reporting a significant 109% year-over-year increase in gross revenue, reaching ₹2,680 crore. Net revenue stood at ₹147 crore, with EBITDA up 41%. The company highlighted its four-pillar strategy: payments, consumer, intelligence, and credit, emphasizing AI integration and its evolving business model from payments to an AI-first fintech infrastructure company. AvenuesAI also noted progress on international expansion and strategic investments.
Strong Q1 FY27 Performance
AvenuesAI has reported robust financial performance for the first quarter of fiscal year 2027 (Q1 FY27), with gross revenues from operations soaring to ₹2,680 crore, marking a substantial 109% increase compared to the same period last year. The company’s net revenue was ₹147 crore, experiencing a marginal 3% decrease year-on-year. EBITDA, excluding other income, saw a significant boost of 41%, reaching ₹100 crore. Profit after tax for the quarter grew by an impressive 45% year-on-year, totaling ₹85 crore.
Strategic Pillars and AI Focus
Vishal Mehta, Chairman and Managing Director, outlined AvenuesAI’s strategy centered around four key focus areas: payments, consumer, intelligence, and credit. He emphasized the company’s evolution into an AI-first fintech infrastructure provider, moving beyond its legacy as a payments company. Investments in AI, particularly through the proposed merger of Phronetic AI and Nueromind, are central to this strategy. The company is developing enterprise AI solutions and agentic payment platforms, such as PayCentral, powered by AI.
Business Segment Growth
Vishwas Patel, Managing Director and Chief Executive Officer, detailed progress across key business segments. The CCAvenue payment gateway processed a transaction volume of ₹1,479 billion in Q1 FY27, a 74% year-on-year growth. RediffPay is progressing as a UPI-based consumer payment platform, and RediffOne is being developed as an operating platform for businesses. The company is also focusing on embedded lending through strategic investments in entities like RatnaFin Capital and online PSB loans, adopting an asset-light model.
Financial Outlook and Corporate Actions
For the full fiscal year FY27, AvenuesAI projects consolidated revenue to be in the range of INR11,000 crore to INR13,000 crore, representing a growth of approximately 35%. The company also anticipates FY27 EPS to be between INR8.75 to INR9.50 per share, based on a proposed post-corporate action face value of INR10 per share. This corporate action involves a reverse stock split, increasing the face value of shares from INR1 to INR10 to enhance shareholder perception and liquidity. A significant AI-led business is envisioned by 2027-2029.
International Expansion and Regulatory Milestones
AvenuesAI received in-principle approval from the Central Bank of UAE for Retail Payment Services, a key Cat III license that will expand its international reach. In India, the RBI has authorized the company to set up a payment system for the issuance and operations of prepaid payment instruments. These approvals bolster the company’s regulated payments infrastructure across India and international markets.
Focus on Profitability and Investment
The company’s strategy involves reinvesting incremental accruals into AI and high-conviction growth opportunities to build a sustainable long-term vision, rather than chasing short-term margin spikes. This disciplined approach to capital allocation aims to compound earnings over time and build a strong earnings base alongside a significant AI-led business. The management indicated that while net revenue may fluctuate, the focus remains on net revenue as a key indicator of company progress.
Source: BSE
