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, 2022 (Q3) and the nine months ended December 31, 2022 (9M). The company’s strong performance has been a major talking point in the financial circles, with its stock price surging significantly in recent times.
For Q3, Vakrangee Ltd’s total income rose by a whopping 31.7% year-on-year (YoY) to ₹6,863.0 lakh. This significant growth in revenue was driven by the company’s continued expansion into new markets and its increasing popularity among customers. Moreover, the company’s profit before tax (PBT) surged by 72% YoY to ₹161.3 lakh, indicating a significant improvement in its profitability.
The company’s strong performance in Q3 was a continuation of its robust growth trajectory in the first nine months of the financial year 2024-2025 (9M FY25). Vakrangee Ltd’s total income for 9M FY25 reached ₹19,429.6 lakh, representing a 31.7% YoY growth. The company’s PBT during this period surged by an impressive 110.1% YoY to ₹590.6 lakh.
Vakrangee Ltd’s strong financial performance has been driven by its diversified business model, which includes providing digital infrastructure services, financial services, and other value-added services to its customers. The company’s focus on expanding its presence in new markets and its increasing popularity among customers have been key drivers of its growth.
The company’s financial performance has also been boosted by its increasing presence in the financial services sector. Vakrangee Ltd has been rapidly expanding its financial services business, which includes providing services such as payment solutions, loan disbursals, and insurance products to its customers. The company’s strong presence in this sector has enabled it to tap into the growing demand for digital financial services in India.
Vakrangee Ltd’s stock price has been surging significantly in recent times, driven by its strong financial performance and increasing popularity among investors. The company’s stock price has risen by over 50% in the last one year, making it one of the best-performing stocks in the Indian market.
The company’s strong financial performance and increasing popularity among investors have also caught the attention of foreign institutional investors (FIIs). According to reports, FIIs have increased their stake in Vakrangee Ltd, with the company’s promoter, Life Insurance Corporation of India (LIC), holding a significant 44.1% stake in the company.
In conclusion, Vakrangee Ltd’s strong financial performance in Q3 and 9M FY25 is a testament to the company’s robust business model and its increasing popularity among customers. The company’s focus on expanding its presence in new markets and its increasing presence in the financial services sector have been key drivers of its growth. As the company continues to expand its business, investors can expect its stock price to remain strong in the coming months.
