Vakrangee Limited announced its unaudited financial results for the second quarter of FY27, ending September 30, 2026. The company reported a significant 20.9% quarter-on-quarter (QoQ) increase in Profit After Tax (PAT), reaching ₹272.8 Lakh. This growth was driven by expanding operating margins, enhanced Kendra productivity, and contributions from high-margin services.
Vakrangee Reports Strong Q2 FY27 Financial Performance
Vakrangee Limited has declared its unaudited financial results for the quarter ended September 30, 2026 (Q2 FY27), showcasing robust growth across key financial metrics. The company reported a substantial 20.9% increase in Profit After Tax (PAT) on a quarter-on-quarter (QoQ) basis, reaching ₹272.8 Lakh. This performance marks a significant improvement compared to the previous quarter and highlights the company’s successful strategy.
Key Financial Highlights (Consolidated)
The consolidated financial performance for Q2 FY27 revealed several positive trends:
- Total Income grew by 10.7% QoQ to ₹6,408.9 Lakh from ₹5,790.2 Lakh in Q1 FY27.
- EBITDA saw a 9.7% QoQ increase, amounting to ₹945.9 Lakh, with a healthy EBITDA margin of 15.3%.
- Profit After Tax (PAT) rose by a notable 20.9% QoQ to ₹272.8 Lakh, achieving a profit margin of 4.4%.
- Cash Profit demonstrated a healthy 8.2% QoQ growth, standing at ₹735.5 Lakh.
Operational Performance and Strategic Growth
Vakrangee’s profitability growth was attributed to expanding operating margins, enhanced Kendra productivity, and a growing contribution from high-margin services, alongside sustained momentum in the ATM business. The company delivered a Gross Transaction Value (GTV) of over ₹12,976.8 Crore through an expanding network of 23,885 outlets across 614 districts.
Furthermore, Vakrangee maintained a debt-free balance sheet, providing a strong foundation for future expansion. The company also expanded its high-margin financial services portfolio through strategic lending partnerships. The ATM business showed continued growth, with Vortex Engineering’s cumulative shipments reaching 15,742. Vortex introduced three Made-in-India banking automation solutions, reinforcing its technology-led product portfolio.
For the first half of FY27 (H1 FY27), total income stood at ₹12,199.1 Lakhs, with a PAT of ₹498.4 Lakhs.
Platform Advantage and Reach
Vakrangee’s platform advantage is underscored by its extensive reach, with 23,885 outlets present in 32 states/UTs and 614 districts. Approximately 82% of these outlets are located in Tier IV, V, & VI areas, emphasizing the company’s commitment to last-mile connectivity. The platform handled a total of ~2.9 Crore transactions generating a Total GTV of ~₹12,976.8 Crore.
In ATM services, the company has 5,244 ATMs operational, facilitating approximately 80.1 Lakh transactions with a Total GTV of ~₹2,039.9 Crore. The Banking Service segment saw ~2.9 Lakh accounts opened, ~3.3 Lakh insurance/pension schemes sold, and ~531.4 Crore in loan leads converted, generating a Total GTV of ~₹10,913.5 Crore.
Vortex Engineering Performance
Vortex Engineering, Vakrangee’s technology subsidiary, reported a 56.3% QoQ increase in Total Income, reaching ₹1,419.9 Lakhs in Q2 FY27. The division received an ATM order from a Public Sector Bank for 540 ATM machines and is expanding its global footprint with an entry into Cameroon, Central Africa. This segment is poised for strong revenue and profitability visibility in the upcoming quarters.
Source: BSE
