AvenuesAI (539807) Q1 25/26 earnings summary

Executive summary

• Achieved 72% YoY gross revenue growth in Q1 FY26 to INR 12,802 million, with PAT up 70% to INR 855 million and net revenue up 31% to INR 1,520 million.

• Announced strategic transfer of e-commerce platform infrastructure business to Rediff.com for INR 800–800.39 crore, increasing stake to over 80% and retaining majority control.

• Focused on platform convergence, integrating payments, commerce, CRM, operations, and AI for seamless business solutions.

• Launched strategic AI initiatives, including agentic AI marketplace, AI-driven data centers, and Rediff TV, to drive future growth.

• Successfully concluded INR 700 crore rights issue, 1.4 times oversubscribed, to accelerate AI and business expansion.

Financial highlights

• Q1 FY26 gross revenue reached INR 12,802 million (up 72% YoY); net revenue at INR 1,520 million (up 31% YoY).

• Adjusted EBITDA: INR 710 million (up 3% YoY); Adjusted PAT: INR 855 million (up 70% YoY); EBITDA margin at 47%; PAT margin at 56%.

• Payment business revenue: INR 12,264.8 million; E-Commerce Platform revenue: INR 537.3 million for Q1 FY26.

• Net take rate at 10.4 bps, reflecting improved monetization and merchant mix.

• Transaction Processing Value (TPV) was INR 1,927 billion, down 3% YoY.

Outlook and guidance

• FY26 guidance: Revenue INR 52,500–55,000 million; Net Revenue INR 5,400–6,000 million; EBITDA INR 3,250–3,500 million; PAT INR 2,200–2,400 million.

• Rediff expected to cross INR 300 crore run-rate revenue post-convergence, targeting INR 1,000 crore annualized revenue within 12 months.

• Management expects double-digit growth in net take rate, driven by geographical expansion and AI-led product innovation.