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-month (9M) period of FY25. The company’s impressive performance has caught the attention of investors, leading to a surge in its stock price.
For Q3, Vakrangee Ltd’s total income rose by 31.7% year-on-year (YoY) to ₹6,863.0 lakh, a significant increase from the same period last year. The company’s profit before tax (PBT) also saw a substantial jump, rising by 72% YoY to ₹161.3 lakh.
The company’s 9M performance was equally impressive, with total income reaching ₹19,429.6 lakh, a 31.7% YoY increase. The PBT for the same period surged by 110.1% YoY to ₹590.6 lakh.
Vakrangee Ltd’s strong performance can be attributed to its diversified business model, which includes digital payment solutions, healthcare services, and financial services. The company’s focus on digital transformation has enabled it to tap into the growing demand for technology-driven services, leading to significant revenue growth.
The company’s financial results are a testament to its ability to adapt to changing market conditions and capitalize on emerging opportunities. Vakrangee Ltd’s strong performance has also attracted the attention of Foreign Institutional Investors (FIIs), who have increased their stake in the company.
According to a recent report, Life Insurance Corporation (LIC) holds a 441% stake in Vakrangee Ltd, while FIIs have also increased their stake in the company. This increased interest from institutional investors is a vote of confidence in the company’s growth prospects and its ability to deliver strong financial results.
Vakrangee Ltd’s strong performance has also made it a multibagger penny stock, with its stock price surging significantly over the past few months. The company’s stock price has increased by over 100% in just a few months, making it one of the top-performing stocks in the market.
The company’s impressive financial results and its strong growth prospects have made it a focus area for investors. Vakrangee Ltd’s stock price is expected to continue its upward trend, driven by its strong financial performance and its ability to capitalize on emerging opportunities.
In conclusion, Vakrangee Ltd’s strong performance in Q3 and 9M of FY25 is a testament to its ability to adapt to changing market conditions and capitalize on emerging opportunities. The company’s diversified business model, focus on digital transformation, and strong financial results have made it a multibagger penny stock, attracting the attention of institutional investors.
