28/5/2024, 3:38:02 pm

Buy Infibeam Avenues; target of Rs 37.6: KR Choksey

KR Choksey's research report on Infibeam Avenues. Infibeam Avenues reported mixed results with profits beating our estimates despite being a miss on the top line. Revenue increased 11.4% YoY to INR 7,269 Mn due to strong growth in Transaction Processing Value (TPV) to INR 2,266 Bn in Q4FY24 (+53.0% YoY) followed by an improvement in Net Take Rate (NTR) to 9.2 bps from 9.0 bps. EBIT grew 43.7% YoY.