{"id":88511,"date":"2023-02-07T11:10:00","date_gmt":"2023-02-07T05:40:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=88511"},"modified":"2023-02-07T11:02:51","modified_gmt":"2023-02-07T05:32:51","slug":"biz-result-infibeam","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-result-infibeam\/","title":{"rendered":"Infibeam Avenues Q3 Results: Consolidated net profit rises 46% YoY to Rs 35 cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-222982266\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Financial technology firm Infibeam Avenues reported a 46 per cent increase in consolidated profit after tax to Rs 35 crore in the third quarter that ended December 31, 2022, the company said on Monday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2601629483\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Infibeam had posted a profit after tax of Rs 24 crore a year ago, a statement said.<\/p><p>The consolidated income from operations of the company grew by 4.4 per cent to Rs 414.7 crore during the reported quarter from Rs 39.7 crore in the December quarter of FY2021-22.<\/p><p>\u201cThe Company had a solid quarterly performance attributable to all-round business development. Our focus on generating higher profitability per transaction in our payments business is starting to show results,\u201d Infibeam Avenues Managing Director Vishal Mehta said in a statement.<\/p><div class=\"trade-content_5\" id=\"trade-3350889317\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Infibeam Avenues also announced raising its stake in Instant Global Paytech Pvt Ltd, which operates as Go Payments, by 2.42 per cent by investing Rs 16 crore. Post-investment Infibeam will hold a 54.8 per cent stake in Go Payments. PTI PRS MR<\/p><div class=\"trade-after-content\" id=\"trade-1574689838\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Financial technology firm Infibeam Avenues reported a 46 per cent increase in consolidated profit after tax to Rs 35 crore in the third quarter that ended December 31, 2022, the company said on Monday. Infibeam had posted a profit after tax of Rs 24 crore a year ago, a statement said. The consolidated income from [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":19629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-88511","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Infibeam Avenues Q3 Results: Consolidated net profit rises 46% YoY to Rs 35 cr - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Financial technology firm Infibeam Avenues reported a 46 per cent increase in consolidated profit after tax to Rs 35 crore in the third quarter that ended December 31, 2022, the company said on Monday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-result-infibeam\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Infibeam Avenues Q3 Results: Consolidated net profit rises 46% YoY to Rs 35 cr\" \/>\n<meta property=\"og:description\" content=\"Financial technology firm Infibeam Avenues reported a 46 per cent increase in consolidated profit after tax to Rs 35 crore in the third quarter that ended December 31, 2022, the company said on Monday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/biz-result-infibeam\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-07T05:40:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Infi-Beam-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Infi-Beam-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/biz-result-infibeam\/\",\"url\":\"https:\/\/tradebrains.in\/features\/biz-result-infibeam\/\",\"name\":\"Infibeam Avenues Q3 Results: Consolidated net profit rises 46% YoY to Rs 35 cr - 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