wordpress blog stats
Connect with us

Hi, what are you looking for?

Infibeam’s Q2 net profit soars 134% on the back of its services segment


We missed this earlier. 

Ecommerce company Infibeam reported services revenue of Rs 33.61crore for the quarter ended September 2016 (Q2 FY17). This represents a rise of 29% from Rs 25.96 crore in the same quarter last year. The services segment of Infibeam includes sale of software and ecommerce ancillary services. The segment posted a profit of Rs 22.22 crore for the quarter, up 53.7% from Rs 14.45 crore in the same period last year.


The services segment includes BuildaBazaar platform which provides cloud-based solutions for merchants. Their merchant base stood at 61,248 at the end of the September quarter. BuildaBazaar earns by charging a set-up cost to merchants, as well as through monthly fee and a per-transaction commission.

Ecommerce results

Infibeam’s ecommerce division – which sells products – reported revenues of Rs 81.05 crore, an increase of 32.76% from Rs 61.05 crore in the same quarter last year. However, the segment posted a loss of Rs 2.7 crore, widening from a loss of Rs 59 lakh in the same quarter last year.

Advertisement. Scroll to continue reading.



As of June 2016, the company has more than 15 million stock keeping units (SKUs) and 8.24  million active users on Infibeam.com.  The company claimed that it has over 61,248 registered merchants who sell directly on Infibeam.com.


– Infibeam’s net profit grow 134% to Rs 7.8 crore from Rs 3.3 crore in the quarter last year.

– Total revenue increased 22% y-o-y to Rs 114.67 crore

–  EBITDA increased 176% y-o-y to Rs 21.3 crore.



Other highlights

Advertisement. Scroll to continue reading.

– Infibeam entered into a MoU with IL&FS Township & Urban Assets Limited for projects in digital space and e-commerce for Central Government, various State Governments and Private Partners.Infibeam will set up a Special Purpose Vehicle (SPV) to provide technology and office premises for expanding and implementing digital projects that would be implemented by SPV. “The said SPV will target indicative achievable revenue opportunity of Rs 1,250 Crores over a period of five years starting from FY 2017- 18,” the company added.

– Infibeam, through its Dubai subsidiary, entered into a licensing arrangements and joint venture with UAE-based KSK Capital for offering e-commerce solutions of marketplace and distributed marketplace along with digital marketing under its global platform. The joint venture company, to be held in 49:51 ratio between Infibeam and KSK Capital, would cater to about 40 countries in Middle East and Africa (MEA) region for offering e-commerce solutions to merchants and consumers.

–  The company signed an agreement with Gujarat Cooperative Milk Marketing Federation (GCMMF) for developing an ‘online and mobile’ framework to enable selling Amul products “direct to home”.

Download: Press release | Financials | Presentation

Advertisement. Scroll to continue reading.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'


India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...


There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data


Existing consumer protection regulations are not sufficient to cover the extent of protection that a crypto-investor would require.


The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ