Vakrangee PAT Rises 20.9% QoQ to ₹272.8 Lakh in Q2 FY27

Vakrangee Limited reported strong profit growth for Q2 FY27, with Profit After Tax (PAT) increasing by 20.9% quarter-on-quarter to ₹272.8 Lakh (₹2.73 Crore) from ₹225.6 Lakh (₹2.26 Crore) in Q1 FY27. Consolidated revenue grew by 10.7% QoQ to ₹6408.9 Lakh (₹64.09 Crore), and EBITDA saw a 9.7% QoQ rise to ₹945.9 Lakh (₹9.46 Crore) with a healthy margin of 15.3%. Cash Profit also increased by 8.2% QoQ to ₹735.5 Lakh (₹7.36 Crore). The company attributes this growth to expanding operating margins, enhanced Kendra productivity, a growing contribution from high-margin services, and sustained momentum in the ATM business. Vakrangee maintained a debt-free balance sheet and expanded its financial services portfolio. Its technology subsidiary, Vortex Engineering, advanced its product portfolio with new 'Make in India' banking automation solutions.