AvenuesAI (539807) Q2 26/27 earnings summary

Executive summary

• Strategy is shifting toward an AI-first fintech platform connecting payments, Rediff consumer reach and business workflows, and AI-led transaction intelligence through TISco and Phronetic.

• FY27 priorities include growing payment scale, unlocking Rediff value, expanding CCAvenue internationally, and developing transaction intelligence; Q2 TPV grew 51% YoY while net revenue declined 1%.

Financial highlights

• Q2 FY27 revenue from operations was ₹28,792.4 million, up 47% YoY; net revenue was ₹1,513.2 million, down 1% YoY and up 3% QoQ.

• Q2 operating EBITDA excluding other income was ₹988.8 million, up 3% YoY; PAT was ₹717.0 million, up 6%.

• H1 FY27 revenue was ₹55,596.4 million, up 71% YoY; net revenue declined 2% to ₹2,988 million.

• H1 operating EBITDA excluding other income rose 19% to ₹1,989.0 million; PAT rose 24% to ₹1,564.7 million.

Outlook and guidance

• FY27 consolidated revenue guidance remains ₹110,000–130,000 million; EPS guidance is ₹8.75–9.50 on the post-consolidation ₹10 face value.

• H2 priorities include transaction growth, Rediff integration and commercialization, RediffOne, TISco use cases, and selective international expansion against measurable returns.

• International payments net revenue contribution is targeted at 12–15% by FY28; Australia and the US are targeted to be operational by FY27.

• Partnerships are internally estimated to add ₹50,000 crore–₹1 lakh crore of TPV over the next 24 months.