Vakrangee Limited (NSE: VAKRANGEE, BSE: 511431) has announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company's board approved the financial statements, showcasing revenue growth and profitability improvements across standalone and consolidated operations.
Key Financial Highlights (Standalone)
| Particulars (₹ in Lakhs) | Q3 FY25 (Dec 31, 2024) | Q2 FY25 (Sep 30, 2024) | Q3 FY24 (Dec 31, 2023) | 9M FY25 | 9M FY24 |
|---|---|---|---|---|---|
| Revenue from Operations | 4,621.04 | 4,539.66 | 4,514.16 | 13,838.99 | 13,774.44 |
| Total Income | 4,685.96 | 4,612.89 | 4,559.93 | 14,042.75 | 13,920.61 |
| Total Expenses | 4,430.37 | 4,413.00 | 4,428.77 | 13,309.13 | 13,569.83 |
| Profit Before Tax (PBT) | 255.59 | 199.89 | 206.46 | 733.62 | 437.34 |
| Net Profit | 190.11 | 145.76 | 161.65 | 535.02 | 285.82 |
| Earnings Per Share (EPS) – Basic & Diluted (₹) | 0.02 | 0.01 | 0.01 | 0.05 | 0.03 |
Key Financial Highlights (Consolidated)
| Particulars (₹ in Lakhs) | Q3 FY25 (Dec 31, 2024) | Q2 FY25 (Sep 30, 2024) | Q3 FY24 (Dec 31, 2023) | 9M FY25 | 9M FY24 |
|---|---|---|---|---|---|
| Revenue from Operations | 6,787.58 | 6,525.29 | 5,156.32 | 19,183.03 | 15,869.16 |
| Total Income | 6,863.00 | 6,606.92 | 5,212.94 | 19,429.56 | 16,031.67 |
| Total Expenses | 6,701.68 | 6,488.21 | 5,119.14 | 18,839.01 | 15,750.60 |
| Profit Before Tax (PBT) | 161.32 | 118.71 | 169.10 | 590.55 | 367.63 |
| Net Profit | 104.63 | 59.08 | 124.30 | 387.18 | 216.11 |
| Earnings Per Share (EPS) – Basic & Diluted (₹) | 0.01 | 0.01 | 0.01 | 0.04 | 0.02 |
Segment-Wise Performance
Vakrangee operates in two primary business segments:- Vakrangee Kendra: The segment remained stable, contributing ₹5,325.73 lakhs to revenue in Q3 FY25.
- Sale of Automated Teller Machines (ATM) Products/Services: This segment showed significant growth, generating ₹1,625.85 lakhs in revenue for Q3 FY25.
Corporate Developments & Announcements
- Acquisition of Vortex Engineering Pvt. Ltd.: The company completed the acquisition of 7,04,197 equity shares of Vortex Engineering on various dates in Q2 FY25. Vortex is now a subsidiary, expanding Vakrangee's footprint in ATM services.
- Equity Expansion: Vakrangee increased its authorized share capital from ₹12,500 lakhs to ₹15,000 lakhs.
- Preferential Allotment: In January 2025, shareholders approved the issuance of 35 crore warrants convertible into equity shares at ₹28 per warrant.
- Stock Exchange Approval Pending: The company is awaiting approval from BSE and NSE for the revised preferential allotment.
Management Commentary
Vedant Nandwana, Managing Director, Vakrangee Limited, stated:"We continue to strengthen our revenue streams by expanding our ATM business while maintaining steady performance in our Vakrangee Kendra operations. The strategic acquisition of Vortex Engineering enhances our ATM service capabilities, positioning us for sustained growth in the financial inclusion space."
Strategic Outlook
Vakrangee's focus on digital financial services and ATM deployment is expected to drive future growth. With improved profitability, ongoing capital expansion, and increased investor interest, the company is well-positioned to capitalize on emerging opportunities in India's financial services ecosystem.Investors will closely monitor further developments in preferential allotments, regulatory approvals, and the company's expansion strategy in upcoming quarters.