Vakrangee Ltd Delivers Strong Performance in Q3 & 9M of FY25
Vakrangee Ltd, a technology-driven company founded in 1990, has reported strong financial results for the third quarter (Q3) and nine months (9M) of FY25. The company’s financial performance has been impressive, with significant growth in total income and profit before tax.
Q3 Performance
For the quarter ended December 31, 2022, Vakrangee Ltd reported a total income of ₹6,863.0 lakh, representing a YoY growth of 31.7%. This impressive growth in total income has been driven by the company’s increasing presence in the digital payment space and its strategic partnerships with various financial institutions.
The company’s profit before tax (PBT) also saw a significant surge, rising by 72% to ₹161.3 lakh in Q3. This growth in PBT is a testament to the company’s operational efficiency and its ability to capitalize on new opportunities.
9M Performance
The company’s performance in the first nine months of FY25 has been equally impressive. Total income for the period reached ₹19,429.6 lakh, representing a YoY growth of 31.7%. This growth in total income is a result of the company’s continued focus on expanding its digital payment services and its increasing presence in the fintech space.
Profit before tax for the 9M period surged by 110.1% to ₹590.6 lakh, indicating a significant improvement in the company’s bottom line. This growth in PBT is a result of the company’s ability to maintain its operational efficiency and its focus on increasing profitability.
Key Highlights
Some of the key highlights of Vakrangee Ltd’s Q3 and 9M performance include:
- Total income of ₹6,863.0 lakh in Q3, representing a YoY growth of 31.7%
- Profit before tax of ₹161.3 lakh in Q3, representing a YoY growth of 72%
- Total income of ₹19,429.6 lakh for the 9M period, representing a YoY growth of 31.7%
- Profit before tax of ₹590.6 lakh for the 9M period, representing a YoY growth of 110.1%
FII Interest
It is worth noting that FIIs (Foreign Institutional Investors) have increased their stake in Vakrangee Ltd, with LIC holding a 44.1% stake in the company. This increased interest from FIIs is a testament to the company’s strong financial performance and its growth potential.
Conclusion
Vakrangee Ltd’s strong performance in Q3 and 9M of FY25 is a testament to the company’s ability to capitalize on new opportunities and its increasing presence in the fintech space. The company’s focus on expanding its digital payment services and its strategic partnerships with various financial institutions have been key drivers of its growth.
As the company continues to grow and expand its operations, investors can expect continued growth and profitability. With a strong track record of performance and a growing presence in the fintech space, Vakrangee Ltd is a company worth watching.
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