India, Aug. 11 -- Fintech company AvenuesAI's (formerly Infibeam Avenues) consolidated net profit for the June quarter of the ongoing fiscal year (Q1 FY27) surged 45% to Rs.84.8 Cr from Rs.58.4 Cr in the year-ago period.

On a sequential basis, net profit decreased by about 5% from Rs.89 Cr.

Operating revenue zoomed by 109% YoY and 8% QoQ to Rs.2,680.4 Cr. Including other income of Rs.28.4 Cr, total income for the quarter under review stood at Rs.2,708.8 Cr.

Meanwhile, total expenses during the quarter also more than doubled YoY to Rs.2,624 Cr. On a sequential basis, the company's expenses grew by 8% from Rs.2,428.8 Cr.

(The story will be updated soon)

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