AGS Transact Technologies Ltd

However, revenue from operations grew by 43.92% to Rs 209.60 crore in Q3 FY25 from Rs 373.75 crore recorded in Q3 FY24. The company reported a pre-tax loss of Rs 251.83 crore in Q3 FY25 as against a per-tax loss of Rs 22.75 crore in Q3 FY24. Total expense jumped 14.4% year on year to Rs 465.33 crore during the quarter. The cost of materials consumed was at Rs 8.99 crore (down 70.09% YoY), while employee benefits expenses stood at Rs 46.50 crore (down 14.84% YoY) during the period under review. Meanwhile, the company stated that its board has approved the resignation of independent directors Sivanandhan Dhanushkodi and Jhuma Guha, along with Managing Director Shailesh Shetty, due to personal reasons. AGS Transact Technologies is one of the largest integrated omni-channel payment solutions providers in India in terms of providing digital and cash-based solutions to banks and corporate clients. Shares of AGS Transact Technologies declined 4.99% to close at Rs 31.81 on Friday, 14 February 2025.Powered by Capital Market - Live

Net Loss of AGS Transact Technologies reported to Rs 194.26 crore in the quarter ended December 2024 as against net loss of Rs 15.38 crore during the previous quarter ended December 2023. Sales declined 43.92% to Rs 209.60 crore in the quarter ended December 2024 as against Rs 373.75 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales209.60373.75 -44 OPM %-83.0615.40 - PBDT-208.0430.24 PL PBT-251.83-22.75 -1007 NP-194.26-15.38 -1163 Powered by Capital Market - Live

AGS Transact Techs. will hold a meeting of the Board of Directors of the Company on 14 February 2025.Powered by Capital Market - Live

AGS Transact Techs. will hold a meeting of the Board of Directors of the Company on 16 December 2024.Powered by Capital Market - Live

Net profit of AGS Transact Technologies reported to Rs 15.17 crore in the quarter ended September 2024 as against net loss of Rs 60.90 crore during the previous quarter ended September 2023. Sales declined 6.60% to Rs 351.69 crore in the quarter ended September 2024 as against Rs 376.54 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales351.69376.54 -7 OPM %25.101.97 - PBDT68.27-17.20 LP PBT20.72-71.19 LP NP15.17-60.90 LP Powered by Capital Market - Live

Net profit of AGS Transact Technologies reported to Rs 7.26 crore in the quarter ended September 2024 as against net loss of Rs 34.73 crore during the previous quarter ended September 2023. Sales declined 5.84% to Rs 257.01 crore in the quarter ended September 2024 as against Rs 272.96 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales257.01272.96 -6 OPM %24.87-3.08 - PBDT44.80-6.21 LP PBT10.16-47.00 LP NP7.26-34.73 LP Powered by Capital Market - Live

AGS Transact Techs. will hold a meeting of the Board of Directors of the Company on 30 October 2024Powered by Capital Market - Live

AGS Transact Techs. announced that the 21th Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live

AGS Transact Technologies announced that it has implemented and commenced managing the Prepaid Card Platform for 'XtraPower', the fuel and fleet management program of Indian Oil Corporation (IOCL).  AGS Transact will receive a fixed fee for these services, generating an estimated revenue of approximately Rs 58 crore over five years. IndianOil's 'XtraPower' is accepted at 35,000+ IOCL fuel retail outlets in India and processes fuelling transactions worth more than Rs 70,000 crore annually. AGS Transact Technologies' end-to-end platform providing Application Maintenance Support Managing Backend Operations; and Implementation of Security Operations Center (SOC) and a Security Information and Event Management (SIEM) system to strengthen the platform's cybersecurity framework and enhance threat detection capabilities. Furthermore, the company will also manage Card Issuance for IndianOil's XtraPower program.Powered by Capital Market - Live

AGS Transact Technologies announced that its digital payment platform and a non-bank PPI 'Ongo' will commence issuance of instant National Common Mobility Cards (NCMC) to provide an enhanced commuting experience at Chennai Metro Rail Corporation (CMRL). These cards do not require full KYC, as per the updated RBI guidelines, for making transit payments, promising a more efficient commuting experience. Ongo's instant card issuance process is an industry-first, wherein unique card dispensers are installed across select Chennai metro stations to facilitate instant issuance of these ready-to-use NCMC cards. This streamlined process offers a quicker onboarding experience, encouraging the rapid adoption of NCMCs across India. The Company will earn revenue through issuance fee, interchange fee on each transaction, and float income. Furthermore, the company plans to extend the issuance of these ready-to-use NCMC cards to additional metro stations in Chennai and other cities in due course. This aligns with AGS Transact Technologies' strategic business growth outlook, to expand its digital payments business and strengthen its card issuance business. Commuters can purchase the instant NCMC cards for Rs 100 from these card dispensers in three easy steps: Select Card - Pay via UPI ' Collect ready-to-use Ongo NCMC card. Each card comes preloaded with a balance of Rs 50. Commuters can conveniently top up their instant NCMC cards with a maximum fund limit of Rs 3,000 at ticket counters across all Chennai metro stations. Additionally, commuters have the option to upgrade their cards by completing full KYC, enabling them to enjoy all the benefits of an NCMC, including in-store and online payments. Ongo had previously launched open-loop cobranded RuPay prepaid cards enabled with NCMC for customers of a leading FMCG conglomerate. Additionally, AGS Transact Technologies, in partnership with RBL Bank, is issuing NCMCs for Bangalore Metro Rail Corporation. Powered by Capital Market - Live