Q1 revenue up 109%, Nueromind merger, 10:1 share consolidation approved
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On the reaction day the stock moved 6.6 pts less than Nifty Microcap 250 and 7.9 pts less than its Financial Technology (Fintech) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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AvenuesAI Q1 FY27 consolidated revenue up 109% YoY to INR 26,804 million; PAT rose 45% to INR 847.6 million. Board approved: merger of wholly-owned Nueromind Technologies into the firm (subject to NCLT approval), hike in Ratnaafin Capital investment to INR 70 crores for up to 2.50 percent stake, variation in rights issue objects, and 10:1 share consolidation (Re.1 to Rs.10). FY27 revenue guided at INR 11,000 to 13,000 crores.
Strong Q1 and AI integration via Nueromind merger could support valuation; share consolidation and rights issue changes await shareholder nod.