Vakrangee announced Q3FY23 results: Q3FY23: Appointed master franchisees in 113 districts across 21 states across the country. Master franchisee to provide on-ground operational support to the existing franchisee outlets as well as drive new franchisee acquisition. Quarterly Gross Transaction Value (GTV) crossed Rs 130.68 billion, increased by 4.12% on YoY basis Quarterly no of transactions crossed 32.91 million Revenue from operations stood at Rs 250.73 crore in Q3FY23, increased by 20.16% on YoY basis and 7.12% on QoQ basis due to an increase in the number of outlets (YoY basis) as well as services becoming normalized and fully operational. PAT has reduced by 92.7% on QoQ basis. Profitability has been impacted as we are reinvesting our operational cash flows for enhancing franchisee incentives as well as building a pan-India district-level master franchisee network. Our current focus has been on expanding our presence by building a master franchisee network & strengthen our first mover advantage. We are currently building a pan India district-level master franchisee network which would result in strong on-ground operational management as well as better scalability in future. Demerger Update: NCLT has paved the way towards the creation of two separate listed entities viz. Vakrangee Limited and VL EGovernance & IT Solutions Limited. The Hon'ble NCLT, by way of its order dated January 20, 2023 ("Order") has inter alia directed the company to convene a meeting of its equity shareholders. Due to the demerger process in final stages, we have currently abated the E-Governance and IT/ITES business for the next quarter which shall result in lower revenue and profitability in the next quarter, post de-merger completion the growth shall get normalized. Result PDF