AvenuesAI (539807) Q1 26/27 earnings summary

Executive summary

• Gross revenue for Q1 FY27 grew 109% YoY to INR 26,804 million, with PAT up 45% to INR 847.6 million, reflecting robust growth in payments and digital platforms.

• Achieved a structural inflection point, transitioning from a payment gateway to an AI-native transaction infrastructure, with strategic focus on integrating payments, consumer, intelligence (AI), and credit.

• Expanded international presence, notably in the UAE, and strengthened regulatory positioning in India, with key approvals received.

• Board approved merger of Nueromind Technologies, consolidation of equity shares (face value from INR 1 to INR 10), and increased investment in Ratnaafin Capital.

• Ongoing investments in AI infrastructure, with enterprise AI solutions and transaction intelligence scores under development.

Financial highlights

• Q1 FY27 gross revenue: INR 26,804 million (up 109% YoY); net revenue: INR 1,475 million (down 3% YoY); EBITDA: INR 1,000 million (up 41% YoY); PAT: INR 847.6 million (up 45% YoY).

• Transaction processing volume grew 74% YoY to INR 1.48 trillion in Q1 FY27.

• Payments NTR dropped 49% YoY to 5.3 bps, reflecting strategic volume expansion.

• Payment Business Q1 FY27 revenue: INR 26,259.4 million; E-Commerce Platform Business: INR 544.6 million.

• Q1 FY27 consolidated EBITDA margin (excluding other income): 3.7%; PAT margin: 3.2%.

Outlook and guidance

• FY27 consolidated revenue guidance: INR 110,000–130,000 million; EPS guidance: INR 8.75–9.5 per share (post face value change to INR 10).

• Margin profile expected to strengthen structurally through FY27–FY28 as AI and new services scale.

• Targeting 12–15% international contribution to Payment’s Net Revenue by FY28.

• Guidance assumes minimal contribution from new launches like RediffPay in FY27.

• Continued growth anticipated from payments, international expansion, Rediff monetisation, and AI-led opportunities.