Vakrangee achieves fivefold profit growth, expands services

Vakrangee Limited reported a fivefold increase in profit after tax (PAT) for Q2 FY2025-26 on a year-over-year (YoY) basis, reaching INR 302.9 lakhs, a 412.5% rise. Total income grew by 6.8% YoY to INR 7,057.9 lakhs, with EBITDA increasing by 44.7% YoY to INR 877.0 lakhs. Vortex Engineering, a subsidiary, contributed significantly with 56.6% revenue growth and 562 ATMs shipped in Q2 FY2025-26.

The company is strategically focusing on non-cash banking services, including account opening, loan products, and insurance, and plans to deploy 3,000 new ATM machines in FY2025-26, benefiting from an RBI-increased interbank fee. Vakrangee also launched new insurance partnerships and loan products. The company remains debt-free, supporting its expansion plans for sustained long-term growth and margin expansion.

Vakrangee is expanding its Master Franchisee network, with 562 Master Franchisees appointed across 32 states/UTs, aiming for 100% district coverage by March 2026. An upgraded Beta Trial Version of "BharatEasy" Mobile Super App has been launched, offering a multi-service digital platform to enhance reach and provide online-to-offline services.