The company posted a 201.1 per cent year-on-year (YoY) growth in Profit After Tax (PAT), with management highlighting a focus on long-term profitability and sustainable value creation.
Vakrangee recorded a PAT of Rs 315.0 Lakhs in Q3 FY2025-26, compared to Rs 104.6 Lakhs in the corresponding quarter last year, marking nearly a threefold increase. The strength of this momentum is further evident in the nine-month (9M) performance, where PAT reached Rs 949.8 Lakhs, already exceeding the full-year profit of FY2024-25.
Operational profitability also improved sharply. EBITDA rose 48.7 per cent YoY, with margins expanding from 9.2 per cent to 15.4 per cent on the back of a more favorable business mix. Cash profit grew 46.9 per cent YoY to Rs 776.2 Lakhs. Total income for the quarter stood at Rs 6,157.6 Lakhs, down 10.3 per cent due to inter-company sales eliminations and ATM machines supplied internally to Vakrangee. However, on a standalone basis, total income increased 3.6 per cent YoY.
Vakrangee continues to pivot away from low-margin activities to focus on higher-value, non-cash financial services. The company’s strategy prioritizes offerings such as account opening, loan products, insurance services, fixed deposits, Mutual Funds and NPA recovery. These segments cater to deeper financial inclusion objectives while enhancing the company’s margin profile.
The ‘Vakrangee Kendra’ network maintained a strong presence with 23,034 outlets across 32 States/UTs and 609 districts, with approximately 84 per cent of outlets located in Tier IV, V and VI regions. During the quarter, the platform processed 2.2 crore transactions with a Gross Transaction Value (GTV) of Rs 13,433.4 Crores, underscoring Vakrangee’s reach and utility in rural and semi-urban markets.
Subsidiary Vortex Engineering delivered notable growth in the first nine months of FY2025-26. Revenue increased 17.0 per cent, with ATM shipments rising 23.4 per cent YoY to 1,462 units. EBITDA increased approximately 4.5 times YoY, and the subsidiary turned Net Profit positive for the 9M period. Additionally, Vortex appointed Mr. Manjunath Rao as Strategic Advisor. With over 34 years of experience, including leadership roles at CMS Infosystems and NCR Corporation India, he is expected to strengthen Vortex’s market positioning in the ATM and fintech infrastructure segment.
Vakrangee Limited and its subsidiaries remain debt-free, ensuring a strong balance sheet to support ongoing expansion and the evolution of the platform into a ‘Go To Market’ ecosystem for fintech and digital services. The BharatEasy Mobile Super App continues to complement the physical network by offering integrated access to Banking, insurance, e-commerce and Logistics services.
Management expressed confidence in sustaining the profitability trajectory, with a continued focus on quarter-on-quarter growth, operational efficiency and long-term shareholder value enhancement.
Vakrangee Limited, incorporated in 1990, has established itself as one of India’s largest Last Mile Distribution Platforms, operating with both a physical and digital eco-system across a PAN-India presence. The company delivers real-time banking and financial services, ATM services, insurance, e-Governance, e-Commerce (including Healthcare services), and logistics services to unserved rural, semi-urban, and urban markets, thereby enabling financial, social, and digital inclusion for Indians.