Infibeam’s Q1 FY24 reports Rs 742 Cr revenue and Rs 35 Cr profit

  • Infibeam’s gross revenue increased by 13.6% to Rs 742 crore, while net profit fell by 31.4% to Rs 35 crore.
  • Payment business, contributing to 92.6% of the operating income, surged to Rs 687 crore in Q1 FY24.
  • Infibeam plans to venture into AI-enabled fraud detection, led by Vishal Mehta, and will increase its stake in Fable to 41%.
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