Vakrangee Reports Threefold Profit Growth in Q3 FY2025-26, Subsidiary Vortex Engineering Shows Strong Revenue Growth
Vakrangee Ltd. has reported a significant increase in profit for the third quarter of the financial year 2025-26, with a 201.1% year-on-year growth in Profit After Tax (PAT). The company's total income for the quarter stood at Rs. 6,157.6 Lakhs, a decrease of 10.3% on a yearly basis due to inter-company sales elimination and ATM machines supplied to Vakrangee. The strategic focus is on high-margin business for better profitability and phasing out low-margin business to optimize operations. Vortex Engineering, a subsidiary company, recorded a 17.0% revenue growth on a yearly basis in the first nine months of the financial year 2025-26, with EBITDA increasing by approximately 4.5x on a yearly basis. The company is strategically focusing on non-cash based banking offerings to drive deeper financial inclusion and value-added offerings.
Key Highlights
- Vakrangee reports a threefold profit growth in Q3 FY2025-26 with a 201.1% YoY increase in PAT.
- Total income for the quarter stands at Rs. 6,157.6 Lakhs, a 10.3% YoY decline due to inter-company sales elimination and ATM machines supplied to Vakrangee.
- Vortex Engineering, a subsidiary company, records a 17.0% YoY revenue growth in 9M FY2025-26 and EBITDA up ~4.5x YoY with Net Profit positive for 9M FY2025-26.
- Strategic focus on high-margin business for better profitability and phasing out low-margin business to optimize operations.
- Company is strategically focusing on non-cash based banking offerings such as Account Opening, Loan Product, Insurance Services, Fixed Deposits, Mutual Funds & NPA Recovery.