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 quarter ended December 31, 2022 (Q3 FY25) and the nine months ended December 31, 2022 (9M FY25). The company’s financial performance has been impressive, with significant growth in both revenue and profit.
For Q3 FY25, Vakrangee Ltd’s total income rose 31.7% year-on-year (YoY) to ₹6,863.0 lakh, driven by strong growth in its digital business. The company’s profit before tax (PBT) also surged 72% YoY to ₹161.3 lakh, indicating a significant improvement in its profitability.
The company’s performance in 9M FY25 was equally impressive. Its total income reached ₹19,429.6 lakh, up 31.7% YoY, driven by the growth in its digital business. Vakrangee Ltd’s PBT also surged 110.1% YoY to ₹590.6 lakh, indicating a significant improvement in its profitability.
Vakrangee Ltd’s strong performance in Q3 and 9M FY25 can be attributed to its strategic focus on digital transformation. The company has been investing heavily in technology infrastructure and upgrading its digital platforms to improve customer experience and increase efficiency. This strategic focus has helped the company to gain a competitive edge in the market and drive growth.
In addition, Vakrangee Ltd has also been expanding its services and offerings to cater to the growing demand for digital solutions. The company has been investing in new technologies such as artificial intelligence, machine learning, and blockchain to improve its services and offerings. This strategic focus has helped the company to increase its revenue and profitability.
Vakrangee Ltd’s strong financial performance has also been recognized by institutional investors. Life Insurance Corporation of India (LIC) holds a significant stake in the company, with a holding of 44.1%. FIIs (Foreign Institutional Investors) have also increased their stake in the company, indicating confidence in its growth potential.
The company’s strong performance has also led to a significant increase in its stock price. Vakrangee Ltd’s stock has been a multibagger, with its stock price increasing by more than 400% in the past few years. The company’s strong financial performance and growth potential have made it an attractive investment opportunity for investors.
In conclusion, Vakrangee Ltd’s strong performance in Q3 and 9M FY25 is a testament to its strategic focus on digital transformation and its commitment to improving customer experience and increasing efficiency. The company’s financial performance has been impressive, with significant growth in both revenue and profit. Vakrangee Ltd’s strong performance has also been recognized by institutional investors, with LIC holding a significant stake in the company and FIIs increasing their stake in the company. The company’s stock has also been a multibagger, making it an attractive investment opportunity for investors.
