Infibeam Avenues Shines: Strong Growth in Q2 FY24 Results
Infibeam Avenues Shines: Strong Growth in Q2 FY24 Results

Infibeam Avenues Shines: Strong Growth in Q2 FY24 Results

Infibeam Avenues reports substantial Q2 FY24 growth with soaring revenue, highlighting its focus on small merchants and international expansion. The company's investments in AI and strong brand recognition make it an attractive investment choice in India's digital payment landscape.

Gaurav Taparia Article rating: 3.8

 

Infibeam Avenues Limited (IAL) has demonstrated substantial growth in its Q2 FY24 financial results. With a 66 per cent YoY increase in gross revenue, a 70 per cent surge in EBITDA, and a 191 per cent growth in PAT, IAL's success is attributed to its emphasis on small merchants, international expansion, and investments in AI technology, making it a promising player in India's digital payment industry.

33 per cent jump in net profit: This micro-cap multibagger stock reports stellar Q2FY24 results!
33 per cent jump in net profit: This micro-cap multibagger stock reports stellar Q2FY24 results!

33 per cent jump in net profit: This micro-cap multibagger stock reports stellar Q2FY24 results!

On Monday, shares of the company surged over 10 per cent and made an intraday high of Rs 225.80. Additionally, the scrip had a spurt in volume by more than 2.5 times.

Siddharth Mane Article rating: 3.7

The company has delivered returns of 16 per cent over the past year and stellar returns of 140 per cent over the past 3 years. Moreover, the company has a ROCE of 13.2 per cent and a ROE of 10.1 per cent. 

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