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. The company’s strong performance has caught the attention of investors, with its stock being highlighted as a multibagger penny stock under Rs 20.
In Q3, Vakrangee Ltd’s total income rose by a significant 31.7% year-on-year (YoY) to ₹6,863.0 lakh. This growth was driven by the company’s efforts to expand its digital payment services and increase its footprint in the rural areas. The company’s profit before tax (PBT) also saw a substantial increase of 72% YoY to ₹161.3 lakh.
For the nine-month period, Vakrangee Ltd’s total income reached ₹19,429.6 lakh, representing a growth of 31.7% YoY. The company’s PBT surged by an impressive 110.1% YoY to ₹590.6 lakh. These results demonstrate the company’s ability to maintain its growth momentum and deliver strong financial performance.
Vakrangee Ltd’s financial performance can be attributed to its strategic focus on digital payment services. The company has been aggressively expanding its services to rural areas, which has enabled it to tap into the vast potential of the unbanked population. Its digital payment services, including mobile wallets and point-of-sale (PoS) terminals, have been well-received by customers, resulting in increased revenue and profitability.
The company’s strong performance has also been backed by its partnership with the Life Insurance Corporation of India (LIC). As per the latest quarterly results, LIC holds a significant 44.1% stake in Vakrangee Ltd. This partnership has been instrumental in providing the company with access to a large customer base and expertise in the insurance sector.
FIIs Increase Stake in Multibagger Penny Stock
The strong performance of Vakrangee Ltd has not gone unnoticed by foreign institutional investors (FIIs). According to the latest data, FIIs have increased their stake in the company, making it one of the most sought-after stocks in the market. The company’s multibagger potential has attracted the attention of many investors, who are betting on its growth prospects.
Vakrangee Ltd’s stock has been trading under Rs 20, making it an attractive option for investors looking to invest in a multibagger penny stock. The company’s strong financial performance and growth prospects have the potential to propel its stock price to new highs, making it an attractive investment option for those looking to generate returns.
Conclusion
Vakrangee Ltd’s strong performance in Q3 and 9M of FY25 is a testament to the company’s ability to deliver consistently strong financial results. The company’s strategic focus on digital payment services, rural expansion, and partnership with LIC have been instrumental in driving its growth. With FIIs increasing their stake in the company, Vakrangee Ltd is likely to remain in the limelight, making it an attractive investment option for those looking to invest in a multibagger penny stock.
