AvenuesAI LimitedFinancial ServicesCCAVENUE
Q1 FY27 concall · earnings callAvenuesAI Limited
AvenuesAI reported strong gross revenue growth of 109% and is executing a strategy to become an AI-first fintech by integrating payments, consumer platforms, intelligence, and credit.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Gross Revenue from Operations | ₹2,680 Cr | 109% | |
| Net Revenue | ₹147 Cr | -3% | |
| EBITDA (excl. other income) | ₹100 Cr | 41% | |
| Profit After Tax | ₹85 Cr | 45% | |
| Transaction Processing Volume | ₹1,47,900 Cr | 74% |
Financials
From filed quarterly results. YoY and QoQ compare each metric on the same accounting basis.
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹1,070.35 Cr+17.4% YoY+5.3% QoQ | ₹64.40 Cr+57.8% YoY+35.7% QoQ | ₹0.23+53.3% YoY+35.3% QoQ |
| Q2 FY25 | ₹1,016.65 Cr+28.7% YoY+35.1% QoQ | ₹47.47 Cr+17.3% YoY-31.8% QoQ | ₹0.17+13.3% YoY-32% QoQ |
| Q1 FY25 | ₹752.75 Cr+1.4% YoY+3.6% QoQ | ₹69.63 Cr+173.5% YoY+41.4% QoQ | ₹0.25+177.8% YoY+38.9% QoQ |
| Q4 FY24 | ₹726.85 Cr+11.4% YoY-20.3% QoQ | ₹49.24 Cr+28.1% YoY+20.7% QoQ | ₹0.18+28.6% YoY+20% QoQ |
| Q3 FY24 | ₹911.96 Cr+119.9% YoY+15.4% QoQ | ₹40.80 Cr+15.3% YoY+0.8% QoQ | ₹0.15+15.4% YoY0% QoQ |
TL;DR
- Gross revenue grew 109% year-on-year to INR 2,680 crores.
- Profit after tax increased 45% year-on-year.
- Strategy focuses on four integrated pillars: payments (CCAvenue), consumer (Rediff), intelligence (Phronetic AI), and credit.
- Received key regulatory approvals in UAE and India.
- Guidance for FY27 consolidated revenue is INR 11,000-13,000 crores.
- Net revenue was flat, but EBITDA margins expanded due to cost focus.
Said on the call
“We are no longer a payments company that does AI. We are building AI-first fintech infrastructure company that started with payments.”
From the Q&A
| Topic | What management said |
|---|---|
| Rediff IPO and Corporate Actions | Management stated the corporate actions (share consolidation and subsidiary merger) have no bearing on the Rediff IPO timeline, which is progressing per SEBI updates but is too early to discuss details. |
| UPI MDR Monetization | Management sees UPI MDR as a potential revenue opportunity (22% of transactions are UPI), but the final impact depends on pending regulations; they see no threat and have an 8-10% market share. |
| PayCentral Commercial Traction | PayCentral traction is in early days; the focus is on using AI for productivity gains, potential human replacement, and enabling new capabilities like transaction auditing. |
| Net Revenue vs. Gross Revenue Focus | Management clarified investors should focus on net revenue as the key indicator, not gross revenue, which can fluctuate. The EBITDA margin expansion came from expense management. |
| Enterprise AI (SLM) Strategy | The go-to-market for PrivateGPT/SLMs targets enterprises with sensitive data (e.g., financial institutions), with meaningful revenue impact expected in 9-18 months; it reduces token costs and data security risks. |
| FY27 Guidance and EPS | The flat EPS guidance despite revenue growth reflects a conscious capital allocation decision to reinvest incremental accruals into AI and future growth, rather than maximizing short-term earnings. |
| Sustainable EBITDA Margins | Management set a 15% EBITDA margin as a guardrail for the core business, not a target, to ensure continued reinvestment in future growth while maintaining core profitability. |
| AI Investment Thesis | The company will not make large data center capex bets but will focus on applied AI like transaction intelligence scores, leveraging its unique transaction data to build predictive models and SLMs. |
Guidance
- FY27 consolidated revenue expected in the range of INR 11,000 crores to INR 13,000 crores (growth of around 35% and above).
- FY27 EPS expected in the range of INR 8.75 to INR 9.5 per share (based on proposed post-corporate action face value of INR 10 per share).
Source
Summary written from the transcript filed by AvenuesAI Limited for the call held on 11 Aug 2026; published 18 Aug 2026, 19:03 IST.
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