AvenuesAI marked an inflection point in Q3 FY’26, driven by strong financial results and the operational unification of its AI-native infrastructure. Management emphasized the structural evolution from a payment gateway to an intelligence-driven platform spanning Rediff, CCAvenue, and Phronetic AI. Consolidated Gross Revenue grew 122% YoY to INR2,381 crores, with Adjusted EBITDA increasing 25% YoY to INR98 crores.
Q3 FY’26: An Inflection Point for AvenuesAI
AvenuesAI Limited, formerly Infibeam Avenues Limited, reported strong performance for the quarter and nine months ended December 31, 2025, conducted on February 13, 2026. Chairman and Managing Director, Mr. Vishal Mehta, highlighted that this quarter represents a genuine inflection point where the architecture built over several years is now operating as a unified, scalable system.
Structural Evolution: The AI-Native Platform
The company completed its corporate rebranding to AvenuesAI Limited, signaling a structural shift. Management stressed that AvenuesAI is no longer just a payment gateway but is building an AI-native transaction infrastructure platform. This platform is full-stack regulated, data-rich, and compounding, embedding Artificial Intelligence across routing, fraud detection, risk management, and orchestration.
The core ecosystem relies on a self-reinforcing, closed-loop flywheel:
- Rediff: Integrates consumer identity, intent, and engagement, becoming a consumer gateway.
- RediffOne: Acts as the convergence layer and AI-native back office for SMEs and enterprises.
- CCAvenue: Functions as the economic engine, evolving into an AI-optimized financial execution layer.
- Phronetic AI: The invisible orchestrator, converting data into actionable workflows for decision automation.
This integration aims for long-term benefits including lower customer acquisition costs, higher processing efficiency, and structural margin expansion.
Financial Performance Highlights
CFO Mr. Sunil Bhagat detailed the robust financials:
- Consolidated Gross Revenue reached INR2,381 crores, marking a 122% year-over-year growth, driven by higher payment volumes and expansion in domestic/international markets.
- Consolidated Net Revenue stood at INR149 crores, growing 6% year-over-year. Management emphasized prioritizing absolute profitability over headline take rates in a competitive environment.
- Adjusted EBITDA was INR98 crores, showing an absolute growth of 25% year-over-year, with EBITDA margin as a percentage of net revenue jumping from 56% to 66% YoY.
- Adjusted PAT grew 59% YoY to INR86 crores, with PAT margin improving to 58%.
Key Business Developments
Mr. Vishwas Patel provided updates on operational execution:
CCAvenue & Regulatory Milestones
CCAvenue is scaling steadily across large enterprises and retail segments. Crucially, the company secured several regulatory milestones:
- Received in-principle RBI license for issuing prepaid payment instruments (PPIs), enabling wallets and stored-value products.
- Secured IFSCA approval at GIFT City to directly participate in cross-border payments and escrow services.
- Received RBI authorization for off-line payment aggregation for POS-based networks.
Platform Expansion and AI Integration
The AI-led payment architecture advanced with the launch of CCAvenue CommerceAI and PayCentral.ai, enabling autonomous, compliance-ready transaction execution by verified AI agents. This intelligence layer, PayCentral, aims to move payments from a simple routing pipe to a decision-infrastructure layer, potentially commanding several basis points of the flow over time.
Hospitality and Consumer Segments
The ResAvenue platform enabled 768,107 room nights booked, crossing over INR6,050 million in transactions. The consumer side, through Rediffpay, is focusing on financial wellness and low-burn user acquisition, prioritizing regulatory and technical readiness for UPI and wallet capabilities.
Outlook and Guidance
The company revised its full-year guidance for FY ’26 upwards, reflecting improved business outlook and operating momentum. Management remains confident in meeting or exceeding objectives, driven by scale in transactions, enterprise onboarding, and international expansion. The strategic focus is on building deep merchant lock-in through integration, leading to predictable monetization and margin expansion over the next two years.
Source: BSE
