Vakrangee Limited announced its Q3 and 9M FY2025-26 results, highlighting a substantial increase in profit after tax. The company reported that its PAT increased by ~3x YoY, marking a 201% rise in Q3 FY26. The company strategically focuses on high-margin businesses and phasing out low-margin operations to optimize performance.
Financial Performance Highlights
Vakrangee Limited reported significant financial growth in its latest performance update:
- Total Income: ₹6,157.6 Lakhs for Q3 FY2025-26.
- Profit After Tax (PAT): Increased to ₹315.0 Lakhs in Q3 FY2025-26, a 201.1% increase compared to Q3 FY2024-25.
- 9M FY2025-26 Total Income: ₹20,250.2 Lakhs.
- 9M FY2025-26 Profit After Tax: ₹949.8 Lakhs, a 145.3% increase compared to 9M FY2024-25.
EBITDA grew 48.7% YoY, with margins expanding to 15.4% from 9.2% in Q3 FY26.
PAT for 9M FY26 has already surpassed the entire full-year level of FY25.
Business Segment Performance
A breakdown of the revenue and gross transaction value (GTV) contribution:
- The Quarterly Gross Transaction Value (GTV) crossed ₹13,433.4 Crores and the Quarterly Number of Transactions crossed 2.2 Crores.
- The 9 Month Gross Transaction Value (GTV) crossed ₹40,290.4 Crores.
Strategic Initiatives and Expansion
Vakrangee is focusing on several key strategic initiatives:
- Faster expansion of the Kendra network by leveraging Master Franchisees.
- Expansion of the ATM network, including the deployment of new ATM machines.
- A strategic focus on financial services, especially in Tier 3-6 cities.
- Exploring private label products under the e-commerce category.
Vortex Engineering Performance
Vortex Engineering, a subsidiary of Vakrangee, also reported substantial growth:
- Revenue grew by 17.0% on a YoY basis in 9M FY2025-26.
- Shipped 1,462 ATMs in 9M FY2025-26, reflecting a 23.4% year-on-year growth.
- EBITDA up ~4.5x YoY with Net Profit positive for 9M FY2025-26.
Banking Services Update
Vakrangee has expanded its banking network by adding new partner banks to extend rural reach. The company now has more than 15,000 Banking BC points.
Source: BSE
