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 Financial Year (FY) 2025. The company’s strong performance in Q3 and 9M of FY25 is a testament to its efforts to diversify its business and expand its reach in the Indian market.
For Q3 of FY25, Vakrangee Ltd reported a total income of ₹6,863.0 lakh, representing a year-over-year (YoY) growth of 31.7%. This significant increase in revenue was primarily driven by the company’s efforts to expand its financial services offerings, including its recently launched e-wallet service.
In addition to its revenue growth, Vakrangee Ltd also reported a substantial increase in its profit before tax (PBT) for Q3 of FY25. The company’s PBT rose by 72% YoY to ₹161.3 lakh, demonstrating its ability to maintain profitability despite the challenges posed by the ongoing pandemic.
For 9M of FY25, Vakrangee Ltd’s total income reached ₹19,429.6 lakh, representing a YoY growth of 31.7%. The company’s PBT for 9M of FY25 surged by 110.1% YoY to ₹590.6 lakh, indicating its ability to sustain its profitability over a longer period.
Vakrangee Ltd’s strong performance in Q3 and 9M of FY25 can be attributed to its strategic initiatives aimed at expanding its offerings and increasing its presence in the Indian market. The company has been focusing on diversifying its financial services offerings, including its e-wallet service, which has been gaining traction among customers.
In addition to its financial services, Vakrangee Ltd has also been expanding its presence in the rural markets, where it has been offering a range of services, including financial inclusion, healthcare, and education. The company’s efforts to expand its presence in these markets have been yielding positive results, with its rural services segment reporting significant growth in recent quarters.
Vakrangee Ltd’s strong performance in Q3 and 9M of FY25 has also been driven by its strategic partnership with Life Insurance Corporation of India (LIC), which holds a significant stake in the company. The partnership has enabled Vakrangee Ltd to leverage LIC’s vast network and expertise in the insurance sector, which has helped the company to expand its offerings and increase its reach.
In conclusion, Vakrangee Ltd’s strong performance in Q3 and 9M of FY25 is a testament to the company’s efforts to diversify its business and expand its presence in the Indian market. The company’s strategic initiatives, including its e-wallet service and expansion into rural markets, have been yielding positive results, and its partnership with LIC has enabled it to leverage the insurance giant’s expertise and network.
As the company continues to navigate the challenges posed by the ongoing pandemic, Vakrangee Ltd’s strong performance in Q3 and 9M of FY25 provides a promising outlook for its future growth and profitability.
