Ahmedabad-based fintech firm AvenuesAI Limited reported robust Q3 results for FY26, with a 122% year-on-year rise in gross revenue to ₹2,381 crore and improved profitability, reflecting strong traction in its payments business and a strategic pivot toward AI-enabled financial solutions.
Payments drive rapid topline expansion
For the quarter ended 31 December 2025, AvenuesAI’s gross revenue more than doubled from ₹1,070 crore a year earlier to ₹2,381 crore, driven primarily by higher transaction volumes and expanded merchant partnerships. The payments segment remained the dominant revenue source, accounting for roughly 97.5% of total collections.
Revenue from payments jumped 130% year-on-year to ₹2,323 crore, underpinned by growth across payment gateway services, merchant acquiring, transaction processing and lending-enablement solutions. This performance mirrors broader trends in India’s digital payments ecosystem, where increasing merchant adoption and consumer digitisation are boosting volumes.
Enterprise commerce segment sees modest dip
The company’s enterprise e-commerce platform—which provides software, infrastructure and related services—registered a slight contraction, with revenue of ₹58 crore in the quarter, down about 3.3% year-on-year. AvenuesAI’s focus appears to remain concentrated on the higher-growth payments vertical.
Other income of ₹16 crore took the company’s total reported revenue for Q3 FY26 to ₹2,397 crore.
Profit and costs: mixed signals
Net profit for Q3 rose 25% year-on-year to ₹80 crore, up from ₹64 crore in the comparable period, while cumulative profit for the nine months of FY26 reached ₹206 crore, a 14% increase versus the prior year period.
At the same time, total expenditure climbed 128% year-on-year to ₹2,307 crore as the company scaled operations to handle higher transaction volumes. Within cost lines, employee benefit expenses fell by 32% and depreciation declined by 3%, indicating some targeted efficiency gains despite overall higher operating spend.
Rebranding reflects AI-focused strategy
During the quarter, the board approved a corporate name change to AvenuesAI Limited. The rebrand underscores the company’s strategic emphasis on embedding artificial intelligence into its payments and fintech stack—areas such as transaction analytics, fraud detection, compliance monitoring and merchant solutions—to enhance product differentiation and operational effectiveness.
Markets reacted positively to the results: the stock closed at ₹18.80 on the announcement day, with a market capitalisation of about ₹6,537 crore.
Outlook
AvenuesAI’s Q3 FY26 performance highlights strong momentum in India’s digital payments market. Continued expansion of digital transactions across urban and rural markets, deeper fintech infrastructure penetration and the adoption of AI-powered capabilities could support the company’s growth trajectory in coming quarters.
