Commercial Services company Vakrangee announced Q1FY25 results: Total Income stood at Rs 5,959.7 Lakh in Q1FY25, increased by 6.6% on YoY basis. EBITDA stood at Rs 699.8 Lakh in Q1FY25, increased by 41.7% on YoY basis. PAT stood at Rs 223.5 Lakh in Q1FY25, increased by 352.5% on YoY basis. Cash Profit stood at Rs 612.7 Lakh in Q1FY25, increased by 38.0% on YoY basis. Result PDF
Commercial Services company Vakrangee announced consolidated Q4FY24 & FY24 results: Q4FY24 Financial Highlights: Total Income stood at Rs 5,460.4 Lakhs in Q4FY24, increased by 5.4% on YoY basis. EBITDA stood at Rs 832.3 Lakhs in Q4FY24, increased by 49.3% on YoY basis. PAT stood at Rs 219.2 Lakhs in Q4FY24, increased by 220.9% on YoY basis. Cash Profit stood at Rs 604.6 Lakhs in Q4FY24, increased by 48.6% on YoY basis. FY24 Financial Highlights: Total Income stood at Rs 21,492.1 Lakhs in FY24, increased by 8.2% on YoY basis. EBITDA stood at Rs 2,872.1 Lakhs in FY24, increased by 45.7% on YoY basis. PAT stood at Rs 219.2 Lakhs in FY24, increased by 333.1% on YoY basis. Cash Profit stood at Rs 2,004.3 Lakhs in FY24, increased by 21.3% on YoY basis. Result PDF
Miscellaneous Commercial Services company Vakrangee announced Q2FY24 results: Financial Performance: Total Income: For Q2FY24, Vakrangee reported a total income of Rs 5,228.88 lakhs, marking a 6.52% increase on a YoY basis compared to Q2FY23. EBITDA: The company's EBITDA for the quarter stood at Rs 667.53 lakhs, showing a significant increase of 40.80% YoY. Profit After Tax (PAT): Q2FY24 saw a substantial rise in PAT with Rs 42.39 lakhs, which is a 210.55% increase on a YoY basis. Operational Performance: Quarterly Gross Transaction Value (GTV): The GTV crossed Rs 13,074.47 crore. Number of Transactions: There was a crossing of 3.31 crore transactions in the quarter. Franchisee Network Expansion: The appointment of Master Franchisees in 341 districts across 26 states in the country. Outlets: Total number of Vakrangee Kendras: Not explicitly mentioned for Q2FY24. Number of ATMs: Not explicitly mentioned for Q2FY24. Growth and Expansion Targets (Vision 2030) Network Growth: Aim to reach over 3 lakh outlets, with at least 15,000 ATMs. Revenue Target: Striving to achieve a revenue target of US$ 1 billion by 2030. Transaction Value Goal: Aspirations to handle a Gross Transaction Value of more than US$ 150 billion. Geographical Coverage: The company is working on achieving 100% district coverage by March 2024 and plans comprehensive population coverage via their physical and digital platforms.
Commercial Services company Vakrangee announced Q1FY24 results: Appointed master franchisees in 292 districts across 28 states. Master franchisees to provide on-ground operational support to the existing franchisee outlets as well as drive new franchisee acquisition. Plan to achieve 100% district coverage by March 2024 Quarterly Gross Transaction Value (GTV) crossed Rs 14,920.74 crore Quarterly no. of transactions crossed 3.32 crore Total income stood at Rs 55.90 crore in Q1FY24, increased by 14.74% YoY EBITDA stood at Rs 6.93 crore in Q1FY24, increased by 56.08% YoY PAT stood at Rs 0.49 crore in Q1FY24, increased by 716.67% YoY Dividend of Rs 0.05 (5%) per equity share of Re 1 each for FY23, subject to the members’ approval at the ensuing annual general meeting. Result PDF
Conference Call with Vakrangee Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript.
Commercial Services company Vakrangee announced Q4FY23 & FY23 results: Consolidated Q4FY23: Total Income stood at Rs 51.80 crore in Q4FY23, increased by 5.50% on QoQ basis. PAT stood at Rs 0.68 crore in Q4FY23, increased by 423.08% on QoQ basis. Consolidated FY23: Total Income stood at Rs 198.70 crore in FY23 as against Rs 197.35 crore for FY22 PAT stood at Rs 1.00 crore in FY23 as against Rs 0.00 crore for FY22 Post Demerger Q4FY23: Revenue increases by 5.50% on a QoQ basis, PAT increases by 423.08% on a QoQ basis Quarterly Gross Transaction Value (GTV) crossed Rs 137.67 billion (Rs 13,767.23 crore), Quarterly No. of Transactions crossed 32.80 million (3.28 crore). Post Demerger FY23: Revenue increases by 0.70% on YoY basis Full Year Gross Transaction Value (GTV) crossed Rs 511.64 billion (Rs. 51,164.34 crore), No. of Transactions crossed 122.26 million (Rs 12.23 crore). Result PDF
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
Commercial services company Vakrangee announced Q2FY23 results: Revenue from Operations stood at Rs 234.07 crore in Q2FY23, increased by 12.98% on YoY basis and 3.56% on QoQ basis due to increase in the Number of outlets as well as services becoming normalized and operational. PAT stood at Rs 4.82 crore in Q2FY23, increased by 6.40% on QoQ basis. However, Near Term Profitability has been impacted as we are re-investing our Operational cash flows for enhancing Franchisee incentives. Result PDF
Commercial Services company Vakrangee announced Q1FY23 results: Consolidated: Revenue from operations stood at Rs 226.03 crore in Q1FY2022-23 as against Rs 154.02 crore for the corresponding quarter last year. PAT stood at Rs 4.53 crore in Q1FY23 as against Rs 23.33 crore for the corresponding quarter last year. Quarterly Gross Transaction Value (GTV) crossed Rs. 134.37 Billion registering a growth of 25.58% on YoY basis and 6.16% on QoQ basis Quarterly No. of Transactions crossed 34.82 Million registering a growth of 28.96% on YoY basis and 5.78% on QoQ basis. 22,858 Number of Vakrangee Kendras Outlets spread across 33 States & UTs registering a growth of 92.08% on YoY basis and 3.70% on QoQ basis. Result PDF