AvenuesAI (539807) Q3 25/26 earnings summary

Executive summary

• Achieved record Q3 FY26 performance with consolidated revenue up 122% year-over-year and PAT up 59% year-over-year, driven by transformation into an AI-native transaction infrastructure platform and rebranding to AvenuesAI Limited.

• Transitioned from a payment gateway to a fully integrated AI-native platform, embedding AI across all core functions and ecosystems.

• Strengthened leadership with new CEO and independent director appointments.

• Ecosystem integration across Rediff, Rediff One, CCAvenue, and Phronetic.AI is driving compounding value and operational leverage.

• Strategic focus on scale, regulatory depth, and AI integration is yielding visible competitive advantages and global positioning.

Financial highlights

• Q3 FY26 consolidated gross revenue: INR 23,812 million, up 122% YoY and 21% QoQ; net revenue up 6% YoY to INR 1,485 million.

• Adjusted EBITDA: INR 981 million, up 25% YoY; EBITDA margin at 66%.

• Adjusted PAT: INR 861 million, up 59% YoY; PAT margin at 58%.

• Q3 FY26 TPV reached INR 1.36 trillion, up 69% YoY.

• Payments NTR declined 45% YoY in Q3, reflecting strategic volume expansion.

Outlook and guidance

• FY26 revenue guidance raised to INR 75,000–80,000 million, with PAT guidance upgraded to INR 2,500–2,750 million.

• EBITDA expected at INR 3,500–3,750 million, excluding one-time/MTM items.

• Confident in meeting or exceeding financial objectives, with continued prudent investment in long-term growth engines and international expansion.

• Targeting high single-digit to double-digit percentage of merchant base onboarding to Rediff One over the next 12–18 months.

• Management expects continued TPV acceleration, stronger AI-driven monetization, and margin expansion.