Infibeam Avenues (INFIBEAM) Q3 FY24 Financial Snapshot: Steady Growth and Robust Performance
Financial Highlights: Infibeam Avenues declared its Q3 FY24 results on January 23, 2024, reflecting commendable financial performance. Here’s a snapshot of key financial indicators:
- Revenue Growth:
- Year-over-Year (YoY): The topline witnessed a remarkable increase of 119.91%.
- Quarter-over-Quarter (QoQ): Revenue grew by 15.45% compared to the previous quarter.
- Profitability:
- YoY Profit Increase: Net profit recorded a substantial YoY increase of 15.72%.
- QoQ Profit Growth: On a quarterly basis, profit increased by 1.12%.
- Expenses:
- Selling, General & Administrative Expenses: Rose by 23.48% YoY and increased marginally by 0.18% QoQ.
- Operating Income:
- YoY Growth: The operating income increased significantly by 59.57% YoY.
- QoQ Performance: However, there was a 5.46% decline in operating income on a quarterly basis.
- Earnings Per Share (EPS):
- The EPS for Q3 FY24 is ₹0.15, representing a YoY increase of 15.38%.
Stock Performance:
Infibeam Avenues has exhibited notable returns in various timeframes:
- 1-week return: >10%
- 6-month return: >100%
- Year-to-Date (YTD) return: >100%
Market Cap and Stock Range:
- Current Market Cap: ₹7523.69 Cr
- 52-week High/Low: ₹28.2 & ₹12.85, respectively.
Operational Metrics:
- Revenue: Jumped by 114.47% YoY to ₹918.33Cr in Q3 2023-2024.
- Net Profits: Increased by 15.72% YoY to ₹41.44Cr in Q3 2023-2024.
- Net Profit Margins: Net profit margin fell by -46.04% YoY to 4.51% in Q3 2023-2024. On a QoQ basis, there was a -12.72% fall.
Conclusion: Infibeam Avenues continues to showcase steady growth and robust financial performance, with substantial YoY increases in revenue and net profit. The stock’s positive returns over different periods and its positioning in the digital payment landscape make it an interesting player in the market. Investors may find confidence in the company’s ability to navigate and thrive in the evolving digital ecosystem.
