Payment failure reduction via AI
9%
N/A
AI-driven intelligent routing and fraud detection reduced payment failures in Q3.
AVENUESAI
Other
14 Feb 2026
Avenuesai Ltd — Q3 FY26
Avenues AI delivered a strong Q3 FY26, with consolidated gross revenue surging 122% YoY to ₹2,381 crore, driven by higher payment volumes and enterprise merchant growth.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Avenues AI delivered a strong Q3 FY26, with consolidated gross revenue surging 122% YoY to ₹2,381 crore, driven by higher payment volumes and enterprise merchant growth. Net revenue grew 6% YoY to ₹149 crore, reflecting deliberate prioritization of volume over take rate. EBITDA rose 25% YoY to ₹98 crore, with margins expanding to 66% (up 1,000 bps YoY) due to operating leverage and cost discipline. PAT jumped 59% YoY to ₹86 crore, with PAT margin at 58%. Management upgraded FY26 guidance, citing sustained momentum. Key strategic developments include receipt of RBI in-principle PPI license, IFSCA approval for GIFT City, and offline PA authorization, positioning the company as an AI-native transaction infrastructure platform. The integrated ecosystem (Rediff, Rediff1, CCAvenue, Fonetic AI) is gaining traction, with AI reducing payment failures by 9%. Risk: Rapid expansion across multiple regulatory and product layers could dilute focus before flywheel economics fully materialize.
Key Numbers
Rediff1 merchant base
20,000+
N/A
Over 20,000 merchants onboarded on Rediff1 productivity suite.
ResAvenue hotel room nights booked
768,170
N/A
ResAvenue enabled 768,170 room nights in Q3, averaging 8,534 per day.
CC Avenue TPV (implied from slide 15)
~₹8-10 lakh crore
N/A
Analyst estimate of CC Avenue's annualized TPV based on management commentary.
Management Guidance
FY26 guidance revised upward
Management revised full-year FY26 guidance upward, reflecting improved business outlook and stronger operating momentum.
Management guidance revenueTarget high single-digit to double-digit percentage of merchant base on Rediff1 in 12-18 months
Management aims to onboard high single-digit to double-digit percentage of existing merchant base onto Rediff1 platform over next 12-18 months.
Management guidance growthInternational markets to contribute growing share of net payment revenue
Management expects international markets (UAE, Saudi Arabia, Oman, GIFT City) to contribute a growing share of net payment revenue over medium term.
Management guidance revenueKey Risks
Net take rate compression
Net revenue growth of only 6% YoY despite 122% gross revenue growth indicates significant take rate compression, which may persist if competitive pricing continues.
medium · data_observationOrganizational complexity from multiple new initiatives
Analyst raised concern about product complexity from agentic payments, offline PA, PPI, cross-border, UPI, and AI orchestration potentially diluting focus before flywheel economics kick in.
medium · analyst_questionUPI monetization uncertainty
UPI remains zero-MDR; if it becomes chargeable, it could benefit the company, but timing and structure are uncertain. Management is working with regulators but no guarantees.
low · management_commentaryNotable Quotes
We are no longer a payment gateway company. We are building an AI native transaction infrastructure platform which is full stack, regulated, data-rich and compounding.
The switching cost move beyond just contractual dependency and they become operationally existential.
Our focus remains on absolute profitability and cash generation rather than headline take rate metrics.
Frequently Asked Questions
What was Avenuesai's revenue in Q3 FY26?
Avenuesai reported revenue of ₹2,381 Cr in Q3 FY26, representing a +122% change compared to the same quarter last year.
What guidance did Avenuesai management give for FY27?
FY26 guidance revised upward: Management revised full-year FY26 guidance upward, reflecting improved business outlook and stronger operating momentum. Target high single-digit to double-digit percentage of merchant base on Rediff1 in 12-18 months: Management aims to onboard high single-digit to double-digit percentage of existing merchant base onto Rediff1 platform over next 12-18 months. International markets to contribute growing share of net payment revenue: Management expects international markets (UAE, Saudi Arabia, Oman, GIFT City) to contribute a growing share of net payment revenue over medium term.
What are the key risks for Avenuesai in FY27?
Key risks include Net take rate compression — Net revenue growth of only 6% YoY despite 122% gross revenue growth indicates significant take rate compression, which may persist if competitive pricing continues.; Organizational complexity from multiple new initiatives — Analyst raised concern about product complexity from agentic payments, offline PA, PPI, cross-border, UPI, and AI orchestration potentially diluting focus before flywheel economics kick in.; UPI monetization uncertainty — UPI remains zero-MDR; if it becomes chargeable, it could benefit the company, but timing and structure are uncertain. Management is working with regulators but no guarantees..
Did Avenuesai meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Avenuesai Q3 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.