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 the fiscal year 2025 (FY25). The company’s strong performance has caught the attention of investors, who are eagerly tracking its growth trajectory.
For Q3FY25, Vakrangee Ltd’s total income surged 31.7% year-on-year (YoY) to ₹6,863.0 lakh, with profit before tax (PBT) rising 72% to ₹161.3 lakh. This significant growth in PBT is a testament to the company’s operational efficiency and strategic initiatives.
The company’s 9M FY25 performance was equally impressive, with total income reaching ₹19,429.6 lakh, up 31.7% YoY. PBT, meanwhile, surged 110.1% to ₹590.6 lakh. This consistent growth in revenue and profit is a clear indication that Vakrangee Ltd is on a solid path to achieving its long-term goals.
Vakrangee Ltd’s strong performance in Q3 and 9M FY25 can be attributed to its diversified business model, which includes digital payment solutions, financial services, and IT services. The company’s digital payment solutions, in particular, have gained significant traction in recent times, driven by the growing adoption of digital payments in India.
The company’s financial services segment, which includes services such as bill payments, mobile recharge, and utility bill payments, has also been a significant contributor to its revenue growth. Vakrangee Ltd’s extensive network of retail outlets and digital platforms has enabled it to reach a large customer base, thereby driving growth in this segment.
Vakrangee Ltd’s IT services segment, which provides software development, testing, and maintenance services, has also been a key driver of its revenue growth. The company’s expertise in IT services has enabled it to secure contracts with several large clients, thereby driving growth in this segment.
The company’s strong performance in Q3 and 9M FY25 has also been driven by its strategic initiatives, such as the launch of new products and services, expansion of its retail network, and investment in digital infrastructure. These initiatives have enabled Vakrangee Ltd to increase its revenue and profitability, thereby driving growth in its financial performance.
In addition to its financial performance, Vakrangee Ltd’s strong fundamentals and growth prospects have also made it a popular choice among investors. The company’s shares have been in focus in recent times, driven by its strong performance and growth prospects.
In fact, Life Insurance Corporation (LIC) holds a significant stake in Vakrangee Ltd, with a holding of 44.1% as of September 30, 2022. This significant holding by LIC has made Vakrangee Ltd a multibagger stock, which has delivered significant returns to investors.
In conclusion, Vakrangee Ltd’s strong performance in Q3 and 9M FY25 is a clear indication of its growth potential and financial strength. The company’s diversified business model, strategic initiatives, and strong fundamentals make it an attractive investment opportunity for investors seeking long-term growth.
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