Net profit of Infibeam Avenues rose 6.94% to Rs 44.07 crore in the quarter ended September 2024 as against Rs 41.21 crore during the previous quarter ended September 2023. Sales rose 29.19% to Rs 1016.65 crore in the quarter ended September 2024 as against Rs 786.97 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1016.65786.97 29 OPM %7.658.90 - PBDT79.5571.96 11 PBT62.4455.39 13 NP44.0741.21 7 Powered by Capital Market - Live News

Infibeam Avenues will hold a meeting of the Board of Directors of the Company on 12 November 2024.Powered by Capital Market - Live News

Infibeam Avenues has allotted 71,40,716 equity shares under ESOS on 15 October 2024. Consequently, the equity shares of the Company stand increased to 2,78,91,42,846 equity shares.Powered by Capital Market - Live News

Infibeam Avenues announced that the company is in receipt of Contract(s) with a leading chain of Hospitals and Gas-Station chain for its first AI product- `AI Facility Manager`.Phronetic.AI, the Artificial Intelligence arm of Infibeam Avenues has secured two major contracts that will bring its cutting-edge Theia Vision AI technology to leading regional hospitals and an international gas station chain.Theia Vision AI contracts represent a significant milestone in Phronetic.AI`s growth strategy. The company continues to expand its portfolio of AI solutions, with Vision AI playing a critical role in sectors where precision, safety, and efficiency are paramount. The total value is expected to be USD 1 million per annum. The total tenure for each contract with five hospitals in India and the UAE-based gas station chain is five years with optionality to extend further.The company`s contracts with the five leading hospitals for its Phronetic.AI`s Theia Vision AI technology product `AI Facility Manager`, will be integrated across multiple facilities within the hospital. This aims to revolutionize patient care, streamline operations, and enhance safety protocols through advanced visual data analysis. The proprietary Theia Vision AI technology will enable hospitals to improve diagnostics, monitor patient conditions in real-time, and optimize resource allocation, setting a new standard for healthcare innovation. Simultaneously, Phronetic.AI has also secured a global contract with a UAE-headquartered gas station chain, a leading name in the energy sector. The deployment of Vision AI product - `AI Facility Manager` across the chain`s gas stations will focus on enhancing security, improving customer service, and optimizing operational workflows. With capabilities such as real-time threat detection, automated transaction monitoring, and customer behaviour analysis, Vision AI is set to transform the way this global energy player operates its retail outlets. The `AI Facility Manager` also has added a feature for `Women Safety`, where with a hand gesture towards CCTVs, a woman can send a SOS signal, which gets immediately captured by Phronetic.AI`s proprietary Theia Vision AI technology, ensuring greater safety for women in public and workplace environments, while also driving operational efficiencies for corporates and organisations. The `AI Facility Manager` is an AI product built over Phronetic.AI`s proprietary Theia Vision AI technology. One of the key aspects of this technology is that it fits into any existing CCTV infrastructure and can be deployed within just five minutes. Thus, onboarding of clients is extremely simple and requires no changes to the client`s existing CCTV infrastructure. Powered by Capital Market - Live News

Infibeam Avenues announced that it has entered into a definitive agreement for a 54% stake in Rediff.com India, one of India`s oldest and most renowned internet businesses. This internally funded acquisition marks a significant milestone for Infibeam Avenues, marking the beginning of its consumer facing digital financial service as an aggregator backed by a mainstream news, cloud based enterprise email storage, and collaboration platform.Currently, Infibeam Avenues provides digital payment gateway (CCAvenue), enterprise software platforms, and AI solutions to various businesses and government entities.Rediff.com, with its diverse services including cloud based enterprise email storage, content distribution and related commerce services offering a broad digital platforms. Infibeam plans to synergize its various digital payment services, platform business offerings, and AI solutions with Rediff.com`s services, creating a comprehensive digital environment where financial transactions and content consumption coexist. This integration is expected to enhance user engagement and open new revenue streams.Rediff has a substantial user base and data assets and ranks amongst the top 1000 sites globally in traffic with more than 55 million monthly visitors, providing valuable insights into user behaviour, preferences, and spending patterns. Rediff.com`s user base offers fertile ground for cross-selling financial products using artificial intelligence such as loans, insurance, and investment products. RediffMONEY can use the platform to promote these services, increasing product uptake and offer customer lifetime value. Infibeam plans to diversity its portfolio offering by synergizing with Rediff.com`s portfolio - enterprise email to merchants, consumer financial services and content businesses, which will open up new revenue stream for the company. This will also enhance footprint in the digital economy for the company, backed by its regulatory capabilities. Powered by Capital Market - Live News