Infibeam Avenues reported a 70%+ YoY rise in Q1 FY26 profit after tax to ₹85.50 crore, up from ₹50.2 crore last year.
Consolidated gross revenue grew 72% YoY to ₹1,280.2 crore from ₹745 crore.
The board approved the strategic transfer of its e-commerce platform infrastructure business to Rediff.com India Ltd for ₹800.39 crore via a slump sale.
Consideration will be split into ₹400 crore cash and ₹400.39 crore worth of fresh Rediff equity shares.
Infibeam will focus on digital payments (CCAvenue) and AI innovation (Phronetic.AI) after the sale.
Rediff.com is considering capital raising, including a possible IPO, to expand in the enterprise SaaS and digital commerce markets.
Infibeam Avenues on Friday said its profit after tax (PAT) rose over 70% to ₹85.50 crore in the June quarter mainly on the back of enhanced pricing control through AI deployment, which improved monetisation and merchant experience.
The company said in a statement its board has also approved strategic transfer of e-commerce platform infrastructure business to Rediff.com India Ltd for ₹800.39 crore.
The total consideration amount of ₹800.39 crore would comprise ₹400 crore in cash and ₹400.39 crore by way of issuance of fresh equity shares.
As part of the transaction, pending shareholder approval, Infibeam's stake in Rediff will increase to 82.7% from 54.1%, the statement said.
The company, which owns payment platform CCAvenue and internet firm Rediff, had posted a PAT of ₹50.2 crore in the year-ago period, according to an investor presentation.
The fintech company posted a 72% growth in consolidated gross revenue to ₹1,280.2 crore in the June quarter compared to ₹745 crore in the year-ago period.
"Our AI-embedded fintech products have delivered better pricing control and enhanced customer experiences," Vishal Mehta, Chairman and Managing Director, Infibeam Avenues Ltd, said in a statement.
The Infibeam board also approved a business transfer agreement with Rediff.com India Ltd to sell and transfer its platform business undertaking through a slump sale, the statement said.
After the deal, Infibeam said it will 'double down' on digital payments and AI innovation through CCAvenue and Phronetic.AI, respectively.
Rediff is also evaluating capital-raising options, including a potential IPO, to fuel rapid growth across its product portfolio and expand its presence in the enterprise SaaS and digital commerce markets.
