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KRChoksey Research Report
Infibeam Avenues Ltd.'s consolidated revenue for Q3 FY22 came at Rs 3,970 million, up 74.3% YoY (up 27.7% QoQ) (versus our estimate of Rs 3,537 million) and adjusted profit after tax increased by 88.8% YoY (up 35.3% QoQ) to Rs 241.7 million (versus our estimate of Rs 239.2 million) for Q3 FY22.
The revenue growth was driven by transaction processed value increasing at 89.7% YoY to Rs 754 billion in Q3FY22 and estimated gross take rate (including gross transaction and non transaction services revenue) declining by 4.7 bps YoY to 52.63 bps for Q3 FY22.
The reported net take rate (based on transaction-based net revenue, 65.7% of consolidated net revenue) declined 36.5% YoY to Rs 6.1 bps.
Infibeam Avenues has been beating its annualised TPV guidance due to strong merchant sign ups and growth in government e-marketplace platform volumes.
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