Earnings & Results
AvenuesAI Posts 47% Revenue Growth in Q2FY27 as Operating Cash Flow Turns Negative
By News Desk ·
Key takeaways
- AvenuesAI reported Q2FY27 revenue of ₹28,792.4 million, up 47% year-on-year, with TPV growing 51% to ₹1.77 trillion.
- Net profit rose 6% to ₹717.0 million while EBITDA margin contracted to 3.43%.
- H1FY27 operating cash flow was negative ₹192 crore due to faster merchant settlements, and FY27 revenue guidance was retained at ₹11,000-13,000 crore.
AvenuesAI reported consolidated revenue of ₹28,792.4 million for Q2FY27, up 47% year-on-year from ₹19,649.1 million, while H1FY27 operating cash flow turned negative ₹192 crore. ScanX published the results. AvenuesAI, formerly Infibeam Avenues, runs the CCAvenue payment gateway and digital financial services for merchants across India, the UAE, KSA, Oman and the USA.
AvenuesAI's Q2 Growth and Margin Squeeze
Transaction Processing Value grew 51% year-on-year to ₹1.77 trillion in Q2FY27. Net profit increased 6% year-on-year to ₹717.0 million, while EBITDA margin contracted to 3.43%. The company said H1FY27 operating cash flow was negative ₹192 crore because of faster merchant settlements.
Management retained its FY27 revenue guidance of ₹11,000-13,000 crore and its EPS guidance of ₹8.75-₹9.5. The results were reviewed by Riya D of the ScanX News Team.
AvenuesAI's UAE Licence and Embedded Finance Stakes
According to akta.pro company records, AvenuesAI's step-down subsidiary Avenues World FZ LLC received in-principle approval from the UAE Central Bank in June 2026 for a Retail Payment Services Category III License, enabling direct payment services in the UAE, where the company is already the second-largest PSP. In May 2026 the board approved minority investments of 7% in Online PSB Loans Limited, which has sanctioned over ₹3.97 trillion in loans and supports more than 3 million MSMEs, and up to 2.5% in Ratnaafin Capital, an NBFC with a lending book exceeding ₹2,000 crore.
The same records show FY26 gross revenue of ₹81,158 million, up 103% year-on-year, and FY26 adjusted PAT of ₹3,320 million, up 58%. AvenuesAI serves more than 5 million merchants in India and international markets.
PayCentral, RediffPay and the Q1FY27 Base
In August 2026, AvenuesAI's subsidiary PhroneticAI launched PayCentral, an agentic payments platform that lets AI agents transact directly without human initiation, MediaNama reported. That month, RediffPay, the company's UPI-based consumer payments app, moved from closed user group testing toward production, with executives saying a launch could come as early as August.
AvenuesAI reported Q1FY27 operating revenue of ₹2,680.4 crore, up 109% year-on-year, and profit after tax of ₹84.8 crore, up 45%, The Tribune reported. Management at the time expected FY27 consolidated revenue of ₹11,000-13,000 crore and EPS of ₹8.75-₹9.50.
AvenuesAI's Next Steps
AvenuesAI announced that its 16th Annual General Meeting will be held virtually on September 29, 2026, and extended the deadline for re-lodging rejected transfer deeds to February 4, 2027, ScanX reported.