Vakrangee Limited — Updates, 05-02-2025: Press Release

Vakrangee Limited reported a robust performance for the third quarter and nine months of FY2024-25, with revenue increasing by 21.2% and profit before tax and exceptional items more than doubling, soaring 110.1% on a year-over-year basis. In Q3, total income reached ₹68.63 crore, marking a 31.7% growth, while profit before tax rose to ₹1.61 crore, up by 72.0%. The gross transaction value for the quarter surpassed ₹13,699.8 crore, with over 3.2 crore transactions recorded.

Strategically, the company has expanded its product offerings in the apparel sector through the launch of private and white label products and has completed the acquisition of Vortex Engineering, strengthening its operational capabilities. Additionally, three new banking partnerships and two insurance collaborations were established, enhancing service delivery. The firm continues to focus on growth initiatives and is well-positioned with a debt-free balance sheet to fund expansion plans. As part of its Vision 2030 plan, Vakrangee aims to establish 300,000 outlets and achieve a revenue target of $1 billion by 2030, making it a stakeholder to watch closely for future growth.