AvenuesAI Limited reported strong performance for Q4 and FY26. The company’s revenue from operations surged by 103% year-on-year to INR 8,116 crores for FY26. Net revenue increased by 15% to INR 603 crores, while profit after tax grew by 58% to INR 332 crores. The company emphasized its strategic shift towards an AI-first financial infrastructure and transaction intelligence platform, with a focus on embedded finance and lending.
AvenuesAI Reports Robust FY26 Performance
AvenuesAI Limited (formerly Infibeam Avenues Limited) announced its financial results for the fourth quarter and full year ended March 31, 2026. The company showcased significant year-on-year growth, driven by its expanding transaction infrastructure and ecosystem monetization strategies.
Full Year Financial Highlights (FY26 vs FY25)
- Revenue from operations: Increased to INR 8,116 crores from INR 3,923 crores (+103% YoY).
- Net revenue: Increased to INR 603 crores from INR 526 crores (+15% YoY).
- Profit After Tax (PAT): Increased to INR 332 crores from INR 209 crores (+58% YoY).
Quarter 4 Financial Highlights (Q4 FY26 vs Q4 FY25)
- Revenue from operations: Stood at INR 2,490 crores (+115% YoY, +5% sequential growth).
- Net revenue: Grew 11% YoY to INR 149 crores.
- Adjusted PAT: Grew strongly by 90% YoY to INR 95 crores.
Strategic Vision: AI-First and Embedded Finance
Mr. Vishal Mehta, Chairman and Managing Director, highlighted that FY ’26 was a pivotal year for the evolution of AvenuesAI, focusing on the convergence of payments infrastructure, merchant ecosystems, consumer platforms, AI capabilities, and international expansion. The company is evolving into an AI-first financial infrastructure and transaction intelligence platform. The strategic direction emphasizes value creation through transaction intelligence, AI-led automation, and intelligent financial ecosystems, moving beyond traditional transaction processing scale.
The company’s ecosystem now spans enterprise merchant acquiring, consumer engagement platforms, AI orchestration layers, regulatory infrastructure, cross-border capabilities, and embedded finance opportunities. These are increasingly reinforcing each other structurally.
Focus on Embedded Finance and Lending
A key strategic priority is embedded finance and lending. AvenuesAI aims to build an intelligent lending orchestration and distribution ecosystem leveraging its payment infrastructure, merchant data, transaction intelligence, and AI-led underwriting capabilities. This approach is asset-light, aiming to avoid becoming a traditional balance sheet lender.
Strategic investments in entities like Online PSB Loans and Ratnaafin are designed to strengthen participation in lending distribution and credit intelligence without taking on significant balance sheet risk.
AI as a Foundational Element
Artificial intelligence is considered foundational to the company’s transformation. AvenuesAI is embedding AI directly into its operating architecture, shaping commerce, payments, financial workflows, customer service, risk assessment, and transaction execution. The company’s AI platforms include initiatives with IAIRO and the development of CommerceAI and PayCentral.
The company is positioning itself for Al-native commerce and agentic financial ecosystems, where machine-assisted and machine-executed workflows will be prevalent.
International Expansion and Rediff Ecosystem
International expansion remains a strategic pillar, with the United States identified as a key focus area. The company is also optimistic about the strategic importance of the Rediff ecosystem, which is evolving into a broader consumer engagement and financial participation layer. Over time, efforts will be made to expand RediffOne and Rediffpay into areas including payments, financial engagement, wealth, and commerce.
The company’s growth strategy is described as infrastructure-led, intelligence-led, and ecosystem-led, aiming for durable long-term operating leverage rather than short-term expansion at the cost of sustainability.
Outlook for FY27
Looking ahead to FY ’27, AvenuesAI anticipates entering the next phase of its evolution, where scale, intelligence, monetization, lending, AI orchestration, international expansion, and ecosystem integration will reinforce each other more visibly. The company expects a period of profitable growth, with AI-led automation and ecosystem monetization being key drivers.
Addressing Questions on Key Areas
During the Q&A, management clarified that AvenuesAI will not be putting its balance sheet for lending but will selectively invest minority stakes in NBFCs. They also discussed the growth drivers in the payment business, emphasizing customization and the platform plus payments approach, particularly in the hospitality sector. Regarding profitability, it was noted that costs are front-loaded due to AI investments, but operating leverage is expected to kick in with scale.
The company confirmed filing a confidential DRHP for Rediff and stated that while the platform business has been flat to slightly higher, more activities are expected in FY ’27 due to AI-first reworks and integration with payments. The focus on embedded finance and AI orchestration was reiterated as areas for long-term profit pool emergence.
On AI adoption, management acknowledged that while enterprise adoption has been slow, AvenuesAI is embedding AI across its platforms as a driver for efficiency, risk management, and operating leverage. The company is focusing on building algorithms and data capabilities to leverage AI within its ecosystem.
Regarding the investment in XDuce, it was clarified that the participation is through shares of associates, based in the United States, and does not directly appear on the balance sheet. This investment is seen as a step towards expanding international payments in the US. Management also indicated that enterprise AI adoption is slow but believes it is a bet worth making.
Source: BSE
