AvenuesAI Ltd (BOM:539807) Q3 2026 Earnings Call Highlights: Strong Revenue Growth and …

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Sat, February 14, 2026 at 2:00 AM GMT+9 3 min read

This article first appeared on GuruFocus.

Release Date: February 13, 2026

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

AvenuesAI Ltd (BOM:539807) reported a strong financial performance with a 122% year-over-year growth in consolidated gross revenue, driven by higher payment volumes and expansion in domestic and international markets.

The company has successfully transitioned into an AI-native transaction infrastructure platform, enhancing its long-term growth opportunities.

AvenuesAI Ltd received regulatory approvals, including an RBI license for prepaid payment instruments and IFSCA approval for cross-border payments, which are close to monetization.

The integration of AI across various operations, such as fraud detection and risk management, has led to improved efficiency and reduced operational friction.

The company has a strong balance sheet with healthy cash flows and low leverage, allowing for strategic investments in AI and platform infrastructure.

Negative Points

The net revenue growth was only 6% year-over-year, which is relatively modest compared to the gross revenue growth.

The net take rate has decreased, reflecting a competitive pricing environment and a focus on volume-led growth over headline take rates.

There is a risk of organizational and product complexity due to multiple layers like agentic payments, offline PA, and AI orchestration, which could dilute focus.

The company's profitability is heavily reliant on future regulatory changes, such as the potential introduction of MDR for UPI transactions.

The adoption of AI-driven systems and platforms is still in its early stages, and the full realization of benefits may take time.

Q & A Highlights

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Q: Can you explain the market opportunity for PayCentral and its potential adoption? A: Vishwal Patel, Managing Director and CEO, explained that PayCentral is positioned as an AI payment agent that integrates across various payment aggregators, not just CC Avenue. It automates transaction routing, fraud prediction, and merchant reconciliation. The opportunity lies in commanding a small percentage of the vast transaction flows, especially with UPI’s scale. The focus is on becoming the intelligence layer for merchant financial workflows, which is a larger prize than traditional gateway margins.

Q: How do you monetize PayCentral, and what is the expected take rate? A: Vishwal Patel stated that PayCentral will earn basis points (BPS) on transactions, adding to existing gateway fees. The opportunity is significant, with low single-digit BPS across transaction volumes, enhancing margins.

Story Continues  

Q: With the offline PA license, how does offline payment integration support your AI strategy? A: Vishwal Patel highlighted that offline payments, traditionally a simple transaction pipe, can be enhanced with AI agents to handle transaction context, optimize success rates, and automate collections. This transforms offline transactions into decision engines, creating a financial operating system for merchants.

Q: How many merchants have been onboarded to Rediff One, and what is the adoption rate? A: Vishwal Patel mentioned that over 20,000 merchants are on the Rediff One platform. The focus is on activating existing enterprises and consumer bases, with a target to onboard a high single-digit to double-digit percentage of their merchant base over the next 12-18 months.

Q: How do you prevent organizational complexity from diluting focus with multiple product layers? A: Vishwal Patel explained that all product layers are interrelated and contribute to the company’s flywheel strategy. The focus remains on payments and productivity suites, with AI orchestration compounding opportunities.

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

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