Vakrangee stock surges 2% after Q1 earnings

EBIDTA stood at Rs34.07 crore in Q1FY2021-22 as against Rs20.41 crore for the corresponding quarter last year, registering a growth of 67.00%.

Jul 27, 2021 03:07 IST India Infoline News Service

Vakrangee
Vakrangee announced a net profit of Rs23.33cr for the first quarter of FY22 (Q1FY22) compared to a net profit of Rs11.89cr a year ago same period - registering a growth of 96.14% yoy.

Revenue from Operations stood at Rs154.02 crore in Q1FY2021-22 as against Rs67.85 crore for the corresponding quarter last year, registering a growth of 127.00%.

EBIDTA stood at Rs34.07 crore in Q1FY2021-22 as against Rs20.41 crore for the corresponding quarter last year, registering a growth of 67.00%.

The company's board recommended a dividend of Rs`0.10 Per Equity Share having a Face Value of `1 each. Our Company is focusing on key growth initiatives of Strategy 2.0 such as scaling to 75,000 Next-Gen kendras as well as Digital strategy for enabling Offline to Online platform through Bharat Easy Mobile Super App. Therefore the Board is of the view that the company has strong growth avenues in place and therefore it would be in the best interest of its shareholders that the maximum amount of free cash flows is re-invested in the business for future growth.

At around 3.02 pm, Vakrangee stock is trading ar Rs37.80  per piece up by 1.6% on Sensex. 

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