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 been driven by a significant increase in its 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, which represents a year-on-year (YoY) growth of 31.7%. This is a remarkable increase, indicating the company’s ability to sustain its growth momentum. The company’s profit before tax (PBT) also surged 72% to ₹161.3 lakh, demonstrating its improved profitability.
9M performance
The company’s performance in the first nine months of FY25 was equally impressive. Its total income reached ₹19,429.6 lakh, up 31.7% YoY from the same period last year. This growth is a testament to Vakrangee’s ability to scale its business and expand its revenue streams. The company’s PBT also saw a significant increase, surging 110.1% to ₹590.6 lakh.
Key drivers of growth
Vakrangee’s strong performance in Q3 and 9M of FY25 can be attributed to several key drivers. One of the primary factors was the company’s ability to increase its business volumes and expand its customer base. The company has been focusing on increasing its presence in the digital payments space, and this strategy has been paying off.
Another key factor contributing to the company’s growth has been its ability to diversify its revenue streams. Vakrangee has been expanding its product offerings and services, which has helped to reduce its dependence on a single revenue stream. This diversification has also enabled the company to tap into new markets and customer segments.
Investor interest
Vakrangee’s strong performance has also attracted significant investor interest. The company’s stock has been in focus after it delivered a strong performance in Q3 and 9M of FY25. Institutional investors, including foreign institutional investors (FIIs), have increased their stake in the company. LIC Holdings, for instance, holds a 44.1% stake in Vakrangee Ltd.
Conclusion
Vakrangee Ltd’s strong performance in Q3 and 9M of FY25 is a testament to the company’s ability to deliver consistent growth and improve its profitability. The company’s focus on increasing its business volumes, diversifying its revenue streams, and expanding its presence in the digital payments space has paid off. As the company continues to grow and expand its operations, it is likely to remain in focus among investors and analysts.
