AvenuesAI Limited announced robust financial results for Q1 FY27, with revenue surging 109% YoY to INR 26,804.0 million and profit after tax rising 45% YoY to INR 847.6 million. Key strategic decisions include the approval of the merger of its wholly-owned subsidiary, Nueromind Technologies Private Limited, into AvenuesAI and an increase in the investment limit in Ratnaafin Capital Private Limited to INR 70.00 Crores. The company also approved a proposal to increase the face value of equity shares from INR 1 to INR 10.
AvenuesAI Reports Significant Q1 FY27 Growth
AvenuesAI Limited (formerly Infibeam Avenues Limited) has announced its consolidated financial results for the first quarter ended June 30, 2026, showcasing strong year-on-year growth. Revenue from operations increased by 109% to INR 26,804.0 million, while Profit After Tax (PAT) grew by 45% to INR 847.6 million compared to the same period last year.
Key Strategic Approvals by the Board
Merger of Nueromind Technologies
The Board of Directors has approved the proposed merger of its wholly-owned subsidiary, Nueromind Technologies Private Limited, with and into AvenuesAI Limited. This strategic integration aims to enhance AI capabilities, including fraud detection and risk identification, leading to a more cohesive AI talent and technology development strategy.
Increased Investment in RatnaFin Capital
In a move to expand its participation in the NBFC ecosystem, the Board re-considered and approved an increase in the investment limit in Ratnaafin Capital Private Limited. The investment limit has been revised from not exceeding Rs. 66.00 Crores to not exceeding Rs. 70.00 Crores, for acquiring not exceeding 2.50% stake of post-issue capital.
Face Value of Equity Shares Increase
A proposal to increase the face value of the Company’s equity shares from INR 1 per share to INR 10 per share has also been approved, subject to requisite shareholder and regulatory approvals. This is intended to rationalize and simplify the Company’s capital structure.
Financial Highlights (INR Million)
| Particulars | Q1 FY27 | Q1 FY26 | Y-o-Y |
|---|---|---|---|
| Revenue from Operations | 26,804.0 | 12,802.1 | 109% |
| EBITDA excluding Other Income | 1,000.2 | 709.9 | 41% |
| Profit Before Tax | 866.5 | 788.9 | 10% |
| Profit After Tax | 847.6 | 584.3 | 45% |
Other Key Developments
- The Board considered and approved the Unaudited (Standalone and Consolidated) Financial Results for the quarter ended June 30, 2026.
- The Scheme of Amalgamation for Nueromind Technologies Private Limited with AvenuesAI Limited was approved.
- Details for variation in objects of the Rights Issue were provided.
- Consolidation of 10 Equity Shares of Re. 1/- each into 1 Equity Share of Rs. 10/- each was approved.
- The 16th Annual General Meeting (‘AGM’) is scheduled for Tuesday, September 29, 2026.
Source: BSE
