Vakrangee Q3 profit surges to Rs 21 crore; revenue doubles
The company said its robust growth was due to focus on store profitability and service activation across its network.
By ET Bureau |
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Mumbai: Vakrangee posted profits of Rs 21.44 crore at the end of the December quarter against Rs 3 crore during the same period last year. Its revenue from operations doubled to Rs 199.2 crore while the total income grew nearly 84% at Rs 218 crore.
The company said its robust growth was due to focus on store profitability and service activation across its network.
Vakrangee is in the business of creating last-mile link through technology-based retail points called Vakrangee Kendra. The company said its network throughput has crossed $ 1 billion during the December quarter, with its kendra’s achieving operational breakeven.
Through its network of 23,000 outlets Vakrangee is conducting 24 million transactions on its platform quarterly, it said.
The company said its robust growth was due to focus on store profitability and service activation across its network.
Vakrangee is in the business of creating last-mile link through technology-based retail points called Vakrangee Kendra. The company said its network throughput has crossed $ 1 billion during the December quarter, with its kendra’s achieving operational breakeven.
Through its network of 23,000 outlets Vakrangee is conducting 24 million transactions on its platform quarterly, it said.
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