Infibeam revenue jumps 48% QoQ to Rs 135 crore

Infibeam Avenues, India’s first listed e-commerce entity, reported its financial performance for the second quarter (Q2) ended September 30, registering revenue growth of Rs 134.8 crore up 48% Quarter-on-Quarter (QoQ) standalone basis.

As per the BSE filing, company’s Q1 FY19 profit before tax net profit stood at Rs 12.14 crore (negative), which turned slightly positive in Q2 with Rs 75 lakh. As per the company’s statement it continued to generate higher transaction volume leading to report a strong revenue performance in Q2 FY19 on account of growth in Web-services, which includes core E-commerce and payment solutions.

In Q2 FY19 transaction volume touched Rs 13010 crore. While taking transaction value in first half (H1) FY19 it has already crossed Rs 23,255 crore, thus surpassed transaction value processed in the whole of FY18. According to the company, it is on an annual run rate of Rs 50000 crore in FY19.


“The synergies across various Web Services will help the company realize stable and consistent growth by enabling traditional retailers digitize their store-based operations, payment solutions and integrate our logistics solutions as well” said Vishal Mehta, managing director, Infibeam Avenue Ltd.

As per the statement, EBITDA margin for Q2 jumped by 5375% as it stood at Rs 13.14 crore compared to Rs 0.24 crore in Q1 FY19.

In September, a WhatsApp rumour message wiped off 73% of its share price, steepest in single-day fall of any company since Satyam Computer Services crashed 83% on January 7, 2009. Later, Infibeam made a formal email complain to government and Securities & Exchange Board of India (SEBI). On Wednesday, the stock closed at Rs 53.30 on BSE.