Avenuesai

Avenues AI delivered a strong Q3 FY26, with consolidated gross revenue surging 122% YoY to ₹2,381 croreCurrent reported value: 122% YoY to ₹2,381 crore. No comparable prior figure is available in the source record., driven by higher payment volumes and enterprise merchant growth. Net revenue grew 6% YoY to ₹149 croreCurrent reported value: 6% YoY to ₹149 crore. No comparable prior figure is available in the source record., reflecting deliberate prioritization of volume over take rate. EBITDA rose 25% YoY to ₹98 croreCurrent reported value: 25% YoY to ₹98 crore. No comparable prior figure is available in the source record., with margins expanding to 66%Current reported value: 66%. No comparable prior figure is available in the source record. (up 1,000 bps YoY) due to operating leverage and cost discipline. PAT jumped 59% YoY to ₹86 croreCurrent 59% YoY to ₹86 crore. Reported change: N/A., 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.