Vakrangee (VAKRANGEE) — concall transcript

📢 Key Event
Vakrangee reported Q1 FY24 results with strong PAT growth and outlined Master Franchisee expansion plans.

🔄 What Changed
PAT grew 716.7% YoY to ₹0.49 crore; EBITDA margin improved to 12.5%; Master Franchisee network expanded to 292 districts.

🔮 What's Next
Target 100% district coverage by March 2024; 300,000 outlets and $1 billion revenue by 2030; $150 billion GTV target.

💡 Investor Takeaway
The Master Franchisee model is driving scalable, asset-light growth with improving margins and a clear path to $1 billion revenue by 2030.

Vakrangee reported Q1 FY24 total income of ₹55.9 crore, up 14.7% YoY, with EBITDA at ₹6.9 crore (+55.9% YoY) and PAT at ₹0.49 crore (+716.7% YoY). EBITDA margin improved to 12.5%. The company highlighted expansion of its Master Franchisee network covering 292 districts across 28 states, targeting 100% district coverage by March 2024 and 300,000 outlets by 2030 to achieve $1 billion revenue and $150 billion GTV. Digital services via BharatEasy app are being scaled with non-cash offerings like account opening, loans, and insurance. The company emphasized asset-light growth, improved operating leverage, and ESG recognition.

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About Vakrangee Ltd (VAKRANGEE)

Information Technology · IT - Software · Listed on BSE

Market Cap: ₹628.25 Cr P/E: 64.4 ROE: 5.7% ROCE: 8.9%

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🔥 Also filed on 30 June 2023

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