KRChoksey: Infibeam Avenues’ New Business Vertical, Geography To Accelerate Growth
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Infibeam Avenues Ltd.’s Q2 FY21 consolidated revenue declined 8.6% YoY (up 49.9% QoQ) to Rs 1,539 million.
Revenue was affected due to the low contribution from sectors like aviation, travel and tourism, hotel, and entertainment.
The payment volume saw a growth of 23% QoQ to 44 million payment processed during Q2 FY21.
The growth in payments volume was led by retail and education industry as well as increasing participation of professionals like doctors, advisors, consultants etc.
Grocery is new addition in this segment and is expected to build up in coming quarters.
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