AVENUESAI / Q3-FY26 / claim-ledger

Audit the questions that mattered.

Avenuesai · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ3-FY26 · 2026-02-14Back to quarter ↗

Questions audited

12

Answered directly

63%

Numeric claims

2

Consistency

contradicted

Question ledger

What was answered, and how?

Mo Jen · Dr. Chria

partial

Is the analyst's sizing of Pay Central's TAM correct?

You're right India is the largest real-time payment market... the way we think about it internally is that... that intelligence layer will command a few bips of that flow which is enormous.

Mo Jen · Dr. Chria

direct

What is the blended take rate for Pay Central?

Very low single-digit bips across all the transaction volume is what the opportunity holds out to become... it'll just add up into the margins and the bips.

Dashil Pandya · Fentress Capital

direct

Will the offline PA license help the AI strategy?

When the agent comes in in the offline payments... it can decide what option to use as a payment routing... turns every offline payment transaction into a decision engine.

Prana Mashualla · Dalat

partial

How many merchants onboarded on Rediff One and activity levels?

More than 20,000 plus merchants already on the ready fund system... the number of users of that is magnitude of that number much much larger.

Prana Mashualla · Dalat

direct

What is the timeline for onboarding more merchants to Rediff One?

Reasonable number to go after for the next 12 to 18 months is at least high single digit to double digit percentage of our base.

Prana Mashualla · Dalat

direct

What led to the guidance upgrade? Any one-off revenue?

We've reached the guidance that we had given for this year in FI26. So the upgrade is really a combination of our capacity to actually monetize... we don't see this as a one-off.

Prana Mashualla · Dalat

direct

Can you share CC Avenue TPV?

If you look at the slide number 15, you would see that the value.

De Sanchetti · Mana Finance

evasive

How much of the 9% payment failure reduction is structural vs model-driven?

We haven't quantified that yet... to quantify how much of that success rate improvement is from structural changes versus model changes is not an exercise we have undertaken.

De Sanchetti · Mana Finance

evasive

What % of revenue comes from customers embedded in Rediff One?

Once you offer more than one service the switching cost somewhat exponentially goes higher... but we haven't quantified that percentage.

Vani Chanda · Alis Financial Partners

evasive

How do you prevent complexity from diluting focus?

These are all related areas and that somewhat completes our flywheel... the focus will continue being that.

Vani Chanda · Alis Financial Partners

partial

What internal ROI guards exist on investments?

Our guardrails for ROI is not short-term thinking... we want to be an AI first payments business... we won't take up an initiative which won't improve our unit economics.

Amish Kanani · Noise Investment Managers

direct

Why did EBITDA grow more than net revenue? Any one-offs?

EBITDA is a percentage of net revenue... certain expenses have been more efficient... we have redeployed quite a bit... there will be hiring freeze on many potential areas that can be automated using agents.