Vakrangee Ltd Delivers Strong Performance in Q3 & 9M of FY25
Vakrangee Ltd, a technology-driven company founded in 1990, has reported impressive financial results for the third quarter (Q3) and nine months (9M) of FY25. The company’s strong performance has led to a significant increase in its income and profit, making it a multibagger penny stock that is drawing attention from investors.
For Q3, Vakrangee Ltd reported a total income of ₹6,863.0 lakh, representing a year-on-year (YoY) growth of 31.7%. The company’s profit before tax (PBT) also saw a significant surge, rising by 72% to ₹161.3 lakh. These numbers indicate a significant improvement in the company’s financial performance, making it an attractive investment opportunity for investors.
The company’s performance for the nine-month period (9M) of FY25 was equally impressive. Vakrangee Ltd reported a total income of ₹19,429.6 lakh, representing a YoY growth of 31.7%. The company’s PBT for the 9M period also saw a substantial increase, surging by 110.1% to ₹590.6 lakh. These numbers demonstrate the company’s ability to consistently deliver strong financial performance, making it a reliable investment option for investors.
Vakrangee Ltd’s strong financial performance can be attributed to its diversified business model, which includes providing digital payment solutions, offering financial services, and providing e-commerce services. The company’s strategy to expand its digital payment solutions and financial services has been successful, leading to an increase in its revenue and profitability.
The company’s financial results have also been boosted by its partnerships with leading financial institutions, including Life Insurance Corporation of India (LIC). According to a recent report, LIC holds a 44.1% stake in Vakrangee Ltd, making it one of the largest shareholders of the company. This partnership has helped Vakrangee Ltd to expand its financial services and increase its revenue.
In addition to its financial performance, Vakrangee Ltd has also been successful in expanding its presence in the market. The company has a strong network of over 2.5 lakh Vakhubs, which are digital empowerment centers that provide a range of services, including digital payments, financial services, and e-commerce services. This strong network has enabled the company to reach a large customer base and increase its revenue.
Vakrangee Ltd’s strong performance has also led to an increase in its stock price. The company’s stock has more than doubled in the past year, making it a multibagger penny stock that is drawing attention from investors. The company’s stock has been trading in the range of ₹10-20, making it an attractive investment option for investors.
In conclusion, Vakrangee Ltd’s strong performance in Q3 and 9M of FY25 is a testament to the company’s ability to consistently deliver strong financial performance. The company’s diversified business model, partnerships with leading financial institutions, and strong network of Vakhubs have all contributed to its success. As a result, Vakrangee Ltd is an attractive investment option for investors, particularly those who are looking for a multibagger penny stock.
Source:
