MUMBAI, February 13, 2020: Vakrangee Limited (VL), announced its unaudited Financial

Results for the quarter ended December 31, 2019.

Key Performance Highlights - Q3FY2019-20

Robust growth seen in Financials across all parameters due to clear focus on Store profitability and service activation across the network.

Revenue from Operations increased by 105.80% YoY basis and 31.18% QoQ basis due to increase in number of operational outlets and maturity of existing outlets.

PAT has increased by 477.99% YoY basis and 97.26% QoQ basis due to strong operating leverage as well as adjustment in perquisite expenses of the ESOP.

Strong Operating metrics -

Vakrangee kendra network throughput has crossed ~US$ 1 BILLION during Q3

FY2020, Currently at an Annualized Run Rate of ~US$ 4 BILLION.

Achieved Operational Breakeven and benefits of strong operating leverage to continue as Number of stores increase as well as Maturity profile of the stores increases.

Key Financial Highlights for Q3FY2019-20 (Consolidated) - YoY basis

Total Income stood at '218.67 crore in Q3FY2019-20 as against '118.66 crore for the corresponding quarter last year, registering a growth of 84.28%.

Revenue from Operations stood at '199.20 crore in Q3FY2019-20 as against '96.79 crore for the corresponding quarter last year, registering a growth of 105.80%.

EBIDTA stood at '29.89 crore in Q3FY2019-20 as against '7.37 crore for the corresponding quarter last year, registering a growth of 305.72%.

PAT stood at '21.44 crore in Q3FY2019-20 as against '3.71 crore for the corresponding quarter last year, registering a growth of 477.99%.

EPS (basic) for the face value of '1 stood at '0.20 in Q3FY2019-20 as against '0.04 in Q3FY2018-19, registering a growth of 400.00%.

Key Financial Highlights for Q3FY2019-20 (Consolidated) - QoQ basis

Revenue from Operations stood at '199.20 crore in Q3FY2019-20 as against '151.85 crore for the preceding quarter current year, registering a growth of 31.18%.

PAT stood at '21.44 crore in Q3FY2019-20 as against '10.87 crore for the preceding quarter current year, registering a growth of 97.26%.

Performance Update

23,000+ Total No. of NextGen Outlets - 10,000+ operational outlets & 13,000+ outlets under On-Boarding process.

'75.5 Billion Quarterly Throughput on Vakrangee Platform - Transaction Value

US$ 4.3 Billion Annual Run Rate Throughput - Transaction Value - basis Current No. of Operational Outlets

?24.0 Million Quarterly No. of Transactions on Vakrangee Platform

Visibility on opening of Nextgen Outlets

Guidance on Opening Nextgen Outlets

About Vakrangee Limited (BSE Code: 511431; NSE Code: VAKRANGEE)

Incorporated in 1990, Vakrangee is the unique technology driven company focused on building India's largest network of last-mile retail outlets to deliver real-time banking & Financial Services, ATM, insurance, e-governance, e-commerce and logistics services to the unserved rural, semi-urban and urban markets. The Assisted Digital Convenience stores are called as 'Vakrangee Kendra' which acts as the 'One-stop shop' for availing various services and

products.

For further information, please contact at:

Email: investor@vakrangee.in

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