Vakrangee Q3 revenue rises 180.62% yoy to Rs208.67cr; PAT up 72.82% yoy at Rs29.33cr

24 Jan 2022 , 11:06 AM

Vakrangee Limited (VL) Revenue from Operations stood at Rs208.67cr in Q3FY22 as against Rs74.36cr for the corresponding quarter last year, registering a growth of 180.62%. EBIDTA stood at Rs43.36cr in Q3FY22 as against Rs25.09cr for the corresponding quarter last year, registering a growth of 72.82%.

Profit After Tax (PAT) stood at Rs29.33cr in Q3FY22 as against Rs16.80cr for the corresponding quarter last year, registering a growth of 74.58%. EPS (basic) for the face value of Rs1 stood at Rs0.28 in Q3FY22 as against Rs0.16 in Q3FY21, registering a growth of 75.00%.

Performance update for Q3FY22

• ~Rs125.5 Billion Quarterly Throughput on Vakrangee Platform — Q3FY22 Transaction Value
• ~34.1 Million Quarterly No. of Transactions on Vakrangee Platform — Q3FY22
• 19,230+ No. of Outlets currently operational (No of Outlets 13,610+ fully Operational outlets and 5,620+ Outlets are under Service Activation stage)
• ~US$6.7 Billion Annual Run Rate Throughput — Transaction Value – basis Current No. of operational Outlets

Sale Revenue & Profitability Growth: Positive

• Witnessed strong Financial & Operational growth. Return to normalcy on the business front has been progressing well as E-commerce, Online Healthcare and other services have become fully operational.
• Strong growth witnessed in Revenues due to increase in Number of outlets on a yoy basis as well as services becoming operational.
• EBIDTA Margins have improved at around 20.8% and PAT Margins at 14.1% due to lower employee expenses as well as major contribution has been from BFSI & ATM services.
• Implemented Process automation & Technology Initiatives resulting into enhanced profitability
• Strong Operating Leverage to result into significant improvement in profitability.

Planned Target: Return to Normalcy & Strong Growth

• Well on Plan to achieve our Outlet expansion Target of 25,000 NextGen outlets by FY2022 (March-2022)
• Long term targets to 75,000 NextGen outlets by FY2026
• Vakrangee Limited has been identified as a top ESG performer out of more than 4,000 comprehensive companies that Sustainalytics cover in the global universe
• In 2022, Vakrangee has been recognized by Sustainalytics as an ESG Global 50 Top Rated company
• Vakrangee has also been awarded ESG India Leadership Award 2021 for the Category – “Leadership in Data Privacy and Security” organised by ESGRisk.ai, India’s first ESG rating company

At around 11.10 AM, Vakrangee Ltd was trading at Rs39.85 per share down by Rs0.8 or 1.97% from its previous closing of Rs40.65 per share on the BSE.