Vakrangee rose 2.33% to Rs 199.50 at 13:47 IST on BSE after consolidated net profit of rose 39.97% to Rs 121.49 crore on 30.28% rise in net sales to Rs 917.52 crore in Q1 June 2016 over Q1 June 2015.
The result was announced on Saturday, 27 August 2016.Meanwhile, the BSE Sensex was down 14.83 points, or 0.05%, to 27,767.42.
On BSE, so far 14.77 lakh shares were traded in the counter, compared with average daily volume of 20.91 lakh shares in the past one quarter. The stock hit a high of Rs 204.55 and a low of Rs 196.75 so far during the day. The stock hit a record high of Rs 228.90 on 9 March 2016. The stock hit a 52-week low of Rs 98.25 on 4 September 2015. The stock had outperformed the market over the past 30 days till 26 August 2016, rising 4.76% compared with 1.51% slide in the Sensex. The scrip had also outperformed the market in past one quarter, rising 9.55% as against Sensex's 4.23% rise.
The large-cap company has equity capital of Rs 52.92 crore. Face value per share is Re 1.
Vakrangee's total consolidated revenue from Vakrangee Kendra business segment rose 57.6% to Rs 550.6 crore in Q1 June 2016 over Q1 June 2015. The percentage share of total revenue of Vakrangee Kendra business has now increased to 60.4%.
The company's consolidated earnings before interest, taxes, depreciation and amortization (EBITDA) rose 16.5% to Rs 221.50 crore in Q1 June 2016 over Q1 June 2015.
Vakrangee is the unique technology driven company focused on building India's largest network of last-mile retail touch points to deliver real-time banking, insurance, e-governance, ecommerce and logistics services to the unserved rural, semi-urban and urban markets. These retail touch points are called as "Vakrangee Kendra" which act as the one-stop shop for availing various services and products.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
