Infibeam profit rises 16 pc in Dec quarter

For the current fiscal, the company maintained its financial guidance of Rs 3,000-3,300 crore of gross revenue, Rs 410-415 crore of net revenue, Rs 230-235 crore in EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) and Rs 130-150 crore profit. It added about 228,000 merchants in the third quarter, averaging 2,500 daily.