Country for PR: United Kingdom
Contributor: PR Newswire Europe
Wednesday, November 13 2019 - 23:10
AsiaNet
Vakrangee Q2FY2019-20 Financial Results
MUMBAI, India, Nov. 13, 2019 /PRNewswire-AsiaNet/ --

 -  Total Income stood at INR 172.75 Crore, QoQ growth of 17.28% 
 -  PAT stood at INR 10.87 Crore, QoQ growth of 39.10% 
 -  21,000+ Total No. of NextGen Outlets - 8,500 Operational & 12,500+ under 
On-Boarding process 

 
    Vakrangee Limited (VL), announced its unaudited Financial Results for the 
quarter ended September 30, 2019.


    Key Highlights – Q2FY2019-20
        -  Robust growth seen in Financials due to clear focus on Store 
profitability and service activation across the network. 
        -  PAT has increased by 39.8% QoQ basis due to strong operating 
leverage as well as impact of lower Tax rates. 
        -  Strong Operating metrics – NextGen overall throughput increased by 
~17% and Number of Transactions increased by 28% on QoQ basis. 


    Key Financial Highlights for Q2FY2019-20 (Consolidated)
        -  Total Income stood at INR 172.75 crore in Q2FY2019-20 as against INR 
147.30 crore for the preceding quarter current year, registering a growth of 
17.28%. 
        -  Revenue from Operations stood at INR 151.85 crore in Q2FY2019-20 as 
against INR 126.78 crore for the preceding quarter current year, registering a 
growth of 19.77%. 
        -  EBIDTA stood at INR 20.46 crore in Q2FY2019-20 as against INR 19.26 
crore for the preceding quarter current year, registering a growth of 6.20%. 
        -  PAT stood at INR 10.87 crore in Q2FY2019-20 as against INR 7.81 
crore for the preceding quarter current year, registering a growth of 39.10%. 
        -  EPS (basic) for the face value of INR 1 stood at INR 0.11 in 
Q2FY2019-20 as against INR 0.07 in Q1FY2019-20, registering a growth of 57.14%.


Performance Update
        -  21,000+ Total No. of NextGen Outlets - 8,500 are operational & 
12,500+ outlets On-Boarding process. 
        -  ~INR 37.5 Billion Quarterly Throughput on Nextgen Vakrangee Platform 
– Transaction Value 
        -  US$ 2.1 Billion Annual Run Rate Throughput – Transaction Value - 
basis Current No. of Operational NextGen Outlets 
        -  ~15.1 Million Quarterly No. of Transactions on NextGen Vakrangee 
Platform 


    About Vakrangee Limited (BSE: 511431) (NSE: VAKRANGEE)
    Incorporated in 1990, Vakrangee is the unique technology-driven company 
focused on building India's largest network of last-mile retail outlets to 
deliver real-time banking & Financial Services, ATM, insurance, e-governance, 
e-commerce and logistics services to the unserved rural, semi-urban and urban 
markets. The Assisted Digital Convenience stores are called as 'Vakrangee 
Kendra' which acts as the 'One-stop shop' for availing various services and 
products.


    For further information, please contact at: 
    Email: investor@vakrangee.in  


    Source: Vakrangee Limited
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