Infibeam Avenues, a fintech and payments infrastructure firm, reported a 50% year-on-year rise in its consolidated profit after tax (PAT) for Q3 FY25, reaching 64.4 crore rupee (US$7.39 million).

Sequentially, the net profit grew nearly 36% from 47.4 crore rupee (US$5.44 million) in the previous quarter.

Operating revenue increased by 18% year-on-year to 1,070.3 crore rupee (US$122.80 million), with 95% coming from its payment business, CCAvenue, which saw a 19% rise in revenue.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 40% year-on-year, hitting 101.4 crore rupee (US$11.63 million) in Q3 FY25.

Infibeam, established in 2007, offers digital payment solutions, bill payment services, and ecommerce offerings to enterprises, MSMEs, and governments.

It serves clients including Indigo, Jio, and ICICI Bank.

In its investor presentation, Infibeam announced upcoming launches, including ReddiffPay and RediffOne.

The firm also plans to expand its payment services into US and Australia by FY25, with additional regions targeted over the next three to five years.