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Infibeam net profit at Rs 30.83 Cr in Q3FY18; CCAvenue processed Rs 5,414 Cr

E-commerce and web services company Infibeam posted a net profit of Rs 30.83 crore for the quarter ended December 31, 2017 (Q3FY18), an increase of 43.06% from Rs 21.55 crore in the preceding quarter. On a year-on-year (YoY) basis, net profit was up 146.24% from Rs 12.52 crore. The company said that the growth in net profit was primarily driven by the web services segment, led by increased transaction volume and digital services growth. Note that in Q2FY18, the company had said that it would tweak its business model and move to a subscription and transaction-based model, where the earnings from its payments arm CCAvenue would be added. Revenue from operations grew 5.9% to Rs 213.5 crore from Rs 201.6 crore in the preceding quarter, and grew 107.8% from Rs 102.7 crore in the corresponding quarter last year. Services segment Infibeam’s services segment includes BuildaBazaar platform which provides cloud-based solutions for merchants. BuildaBazaar earns by charging a set-up cost to merchants, as well as through monthly fee and a per-transaction commission. Their merchant base stood at 88,993 merchants, up 35% from the same quarter last year. The segment posted revenues of Rs 141.5 crore, growing 15.7% quarter-on-quarter (QoQ) from Rs 122.3 crore in Q2FY18, and 252% year-on-year (YoY) from Rs 40.20 crore in Q3FY17. EBITDA margin stood at 45%. Profit for the segment stood at Rs 56.64 crore, up 40.65% QoQ from Rs 40.3 crore, and up 164.8% YoY from Rs 21.4 crore. The segment accounted for 66% of the company's total revenue in…

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