Any current/future capex/capital investment/strategic investment?

Capital infusion of INR 1.6 billion by Vishwas Patel and family via Vybe Ventures to grow payments business in India and internationally. Capital investment of INR 1.2 billion in H1 FY '24 focused on international markets (Middle East, Australia, US). Investments target data localization, intellectual property rights, networking, security licenses, and scaling businesses. Planned capex of INR 3 million to INR 5 million per geography to support international expansion. Continued investments in scaling international payments business, especially in UAE, Saudi Arabia, Oman, US, Australia.

Future growth expectations in sales/revenue/volumes?

Payments business is scaling rapidly, with digital payments contributing 70-80% and a targeted net take rate moving toward double digits by FY '24 end. International revenue contribution aims to increase from under 10% to 30% in the coming years, driven by higher take rates in regions like UAE and Saudi Arabia. International monthly transaction volume in UAE has hit AED1 billion (~$350 million annualized), with plans to expand further in GCC countries, US, and Australia. Expansion into new verticals such as offline payments (via TapPay), hospitality, and travel is expected to drive volume grow

Future growth expectations in earnings/operating earnings/profits/EPS?

Infibeam Avenues aims to increase its payment net take rates to double digits by the end of FY '24, improving operating margins and absolute cash generation. The international payments business is targeted to grow from under 10% to 30% of overall revenues in the next few years, with higher take rates (18-20 bps international vs. ~9 bps domestic). Capital infusion of INR1.6 billion through Vybe Ventures will support payments business expansion domestically and internationally. Capex of INR1.2 billion in H1 FY '24 focused on data localization, IT infrastructure, and licenses for internatio

Current/ Expected Orderbook/ Pending Orders?

On Page 13, Vishal Mehta mentioned that the company has opportunities to sign up and provide frameworks to new companies and institutions, though the strategy has been to go deeper into the existing client base. They expect to take up other assignments and will share details in the first quarter of the next year. Regarding GeM (Government e-Marketplace), they currently hold the contract providing core pieces of the framework. There is a delay with the new GeM platform buildout by TCS, but Infibeam expects its solution to remain in place until then. More information about GeM-related orders and

AvenuesAIQ2 FY24Financial Technology (Fintech)

AvenuesAI Q2 FY24 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹15.3P/E: 18.7Market Cap: ₹5.5K CrSector: Financial Technology (Fintech)

Management growth scorecard

Revenue

Category 2

Margin

Category 2

Fundraise

Yes

Order

N/A

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 2

Payments business is scaling rapidly, with digital payments contributing 70-80% and a targeted net take rate moving toward double digits by FY '24 end.
International revenue contribution aims to increase from under 10% to 30% in the coming years, driven by higher take rates in regions like UAE and Saudi Arabia.
International monthly transaction volume in UAE has hit AED1 billion (~$350 million annualized), with plans to expand further in GCC countries, US, and Australia.
Expansion into new verticals such as offline payments (via TapPay), hospitality, and travel is expected to drive volume growth.
Focus on increasing credit card transactions among merchants to boost sales and merchant adoption.
Continued capital infusion (INR 1.6 billion) dedicated to scaling payments business domestically and internationally.
GeM platform TPV crossed INR1 lakh crore in a quarter, with sustainable growth expected as more departments onboard.
Overall revenue growth targeted at 60-70% year-over-year with improved operating margins through scale and better unit economics.

Margin guidance

Category 2

Infibeam Avenues aims to increase its payment net take rates to double digits by the end of FY '24, improving operating margins and absolute cash generation.
The international payments business is targeted to grow from under 10% to 30% of overall revenues in the next few years, with higher take rates (18-20 bps international vs. ~9 bps domestic).
Capital infusion of INR1.6 billion through Vybe Ventures will support payments business expansion domestically and internationally.
Capex of INR1.2 billion in H1 FY '24 focused on data localization, IT infrastructure, and licenses for international scale-up (e.g., UAE, Saudi Arabia, Oman, US, Australia).
EBITDA and PAT grew sharply by 70% and 191% respectively in Q2 FY '24, with improved margins from enhanced unit economics and take rates.
Management focuses on absolute cash generation while working on operating leverage, and will provide guidance updates for FY '24 and FY '25 soon.
EPS is expected to improve beyond INR1, with management committed to strengthening earnings.

See what AvenuesAI management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

- Vishwas Patel, Joint Managing Director, and his family, through Vybe Ventures, have infused INR 1.6 billion into the company as a capital commitment to grow the payments business in India and internationally. - The capital infusion is through internal accruals and family venture funds, not through new public equity or debt issuance. - The company has made a capital investment of INR 1.2 billion in the first half of FY '24 towards international markets, funded by internal accruals. - No explicit mention of new fundraising plans through additional debt or equity was stated in the call transcript. - Management remains focused on building value and cash generation rather than immediate fundraising announcements. Thus, as per the November 2023 call, Infibeam Avenues Limited is currently relying primarily on internal accruals and existing capital infusion by promoters, with no clear plan announced for new external fundraising through debt or equity.

Order book

On Page 13, Vishal Mehta mentioned that the company has opportunities to sign up and provide frameworks to new companies and institutions, though the strategy has been to go deeper into the existing client base.
They expect to take up other assignments and will share details in the first quarter of the next year.
Regarding GeM (Government e-Marketplace), they currently hold the contract providing core pieces of the framework.
There is a delay with the new GeM platform buildout by TCS, but Infibeam expects its solution to remain in place until then.
More information about GeM-related orders and engagement will be shared in 4-6 weeks or the second half of the year.
There is no explicit mention of a quantified current or expected order book or pending orders in the transcript.

See what AvenuesAI management said on order book — free account, 30 seconds.

Capex plans

Yes

Capital infusion of INR 1.6 billion by Vishwas Patel and family via Vybe Ventures to grow payments business in India and internationally.
Capital investment of INR 1.2 billion in H1 FY '24 focused on international markets (Middle East, Australia, US).
Investments target data localization, intellectual property rights, networking, security licenses, and scaling businesses.
Planned capex of INR 3 million to INR 5 million per geography to support international expansion.
Continued investments in scaling international payments business, especially in UAE, Saudi Arabia, Oman, US, Australia.
TapPay is identified as a growth catalyst and part of strategic investment focus.
Future guidance for FY '25 capex and growth to be shared in Q1 FY '25.

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AvenuesAI Q2 FY24 Earnings Call Analysis

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