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Infibeam Avenues Shares Can Rally Upto 33% Says Dolat Capital Post Q2 Beat, Raises Target Price

Dolat Capital maintains 'Buy' on Infibeam as it sees strong momentum with multiple growth engines.

<div class="paragraphs"><p>Infibeam also continues to strengthen the payment ecosystem with strong merchant adds 2,000+ daily (10 million+), and deploying 50,000+ soundboxes.</p><p>(Photo by <a href="https://unsplash.com/@miinrad?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash">Mina Rad</a> on <a href="https://unsplash.com/photos/man-working-on-laptop-at-outdoor-cafe-table-Q1nxSCW-Vqw?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash">Unsplash</a>)</p></div>
Infibeam also continues to strengthen the payment ecosystem with strong merchant adds 2,000+ daily (10 million+), and deploying 50,000+ soundboxes.

(Photo by Mina Rad on Unsplash)

For FY26, Infibeam guided for gross revenue of Rs 50 billion–55 billion, implying a 25–38% YoY growth. Net Revenue is expected at Rs 5,400–6,000 mn, translating to 3–14% YoY expansion. Management expects to meet the upper end of the revenue guidance. Ebitda is projected in the range of Rs 3,250– 3,500 million, reflecting a 4–12% YoY increase. PAT is guided at Rs 2,100–2,200 million, up flat-5% YoY growth.
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