Vakrangee Q2FY2019-20 Financial Results
MUMBAI, India, Nov. 13, 2019 /PRNewswire/ -- 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
View original content:http://www.prnewswire.com/news-releases/vakrangee-q2fy2019-20-financial-results-300957361.html
SOURCE Vakrangee Limited