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 quarter ended December 31, 2024 (Q3) and the nine-month period ended December 31, 2024 (9M) of the financial year 2025 (FY25). The company’s strong performance has been driven by its diversified business model, which includes fintech, e-commerce, and digital services.
For Q3 FY25, Vakrangee Ltd’s total income rose by a significant 31.7% year-on-year (YoY) to ₹6,863.0 lakh, driven by growth in its fintech and e-commerce businesses. The company’s profit before tax (PBT) also surged by 72% YoY to ₹161.3 lakh, indicating a substantial improvement in its bottom line.
For the 9M period, Vakrangee Ltd’s total income reached ₹19,429.6 lakh, up 31.7% YoY, driven by the growth of its fintech business, which includes digital payment services, insurance, and lending solutions. The company’s PBT also surged by 110.1% YoY to ₹590.6 lakh, demonstrating its ability to generate strong profits.
Vakrangee Ltd’s fintech business has been a significant contributor to its growth, with the company’s digital payment services, insurance, and lending solutions experiencing strong traction. The company’s fintech platform provides a range of services, including payment solutions, insurance products, and lending options, to its customers.
The company’s e-commerce business has also been growing strongly, with its online platform providing a range of products and services to its customers. Vakrangee Ltd’s e-commerce platform is integrated with its fintech services, allowing customers to make payments and access financial services through a single platform.
Vakrangee Ltd’s digital services business has also been a key contributor to its growth, with the company providing a range of digital services, including software development, data analytics, and cybersecurity solutions. The company’s digital services business has been growing rapidly, driven by increasing demand for digital solutions from its customers.
The company’s strong performance in Q3 and 9M FY25 is a testament to its ability to execute its business strategy and adapt to changing market conditions. Vakrangee Ltd’s focus on innovation, digitalization, and customer-centricity has enabled it to stay ahead of the competition and drive growth in its business.
Vakrangee Ltd’s financial performance has also been recognized by institutional investors, with Foreign Institutional Investors (FIIs) increasing their stake in the company. According to the latest data, FIIs hold a significant 441% stake in Vakrangee Ltd, indicating their confidence in the company’s growth prospects.
In conclusion, Vakrangee Ltd’s strong performance in Q3 and 9M FY25 is a testament to its ability to execute its business strategy and adapt to changing market conditions. The company’s diversified business model, which includes fintech, e-commerce, and digital services, has enabled it to drive growth and generate strong profits. With its focus on innovation, digitalization, and customer-centricity, Vakrangee Ltd is well-positioned to continue its growth trajectory and deliver value to its shareholders.
