A leading payment solutions provider saw its stock rise 3.44% following significant trading activity today. In a notable transaction, while an investment fund acquired a 1.16% stake at Rs 65 per share, a promoter entity simultaneously divested a similar portion, signalling interesting market movements in this micro-cap stock.
Share Price Movement
The share price of AGS Transact Technologies Limited reached an intraday high of 3.44 percent to Rs. 67.30 per share on Wednesday, an increase from its previous close of Rs. 65.06 per share. The market capitalisation now stands at approximately Rs. 818.47 crore as of January 01, 2025.
Share Price Surge: Why?
Neomile Growth Fund, Series I, acquired a 1.16% stake in AGS Transact at an average price of ₹65 per share worth ₹7.65 Cr. Meanwhile, promoter Vineha Enterprises divested a 1.18% stake at the same price.
Financial Highlights
According to its recent filing, in the quarter ending September 2024, AGS Transact Technologies’s consolidated revenue from operations has decreased by 6.63 percent YOY from Rs. 377 crore in Q2 FY24 to Rs. 352 crore in Q2 FY25 and increased by 3.53 percent QoQ from Rs. 340 crore in Q4 FY24.
The company’s consolidated net loss turned from a loss of Rs. 61 crore in Q2 FY24 to a profit of Rs. 15 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by 4.14 percent QoQ from Rs. 14 crore.
Market Outlook
The Indian payment industry is evolving rapidly, driven by digital transformation and government initiatives. Digital payment methods, especially UPI, dominate with Rs. 200 lakh crore transactions annually. Digital transactions rose 44%, reaching 164.4 billion in FY 2023-24.
While digital adoption grows, cash transactions remain significant, boosting demand for ATMs and CRMs. Innovations like UPI-linked Prepaid Payment Instruments and the Digital Payments Intelligence Platform enhance security and convenience. The Reserve Bank of India’s initiatives further bolster trust, ensuring a safer, inclusive payment ecosystem.
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Shareholding Pattern
As of the September 2024 shareholding pattern, AGS Transact Technologies Limited is primarily held by the promoters at 61.76 percent, foreign institutional investors hold 0.15 percent, and the public with 34.19 percent.
About Company
AGS Transact Technologies Limited (AGSTTL), founded in 2002 and headquartered in Mumbai, is a leading provider of digital payment solutions and automation technologies in India, boasting over 360,000 customer touchpoints across 2,200 cities. Initially named AGS Infotech Private Limited, the company rebranded in 2010 to highlight its expansive fintech services.
AGS Transact operates in three key areas: payment solutions for simplifying transactions, banking automation solutions to streamline processes, and other automation solutions tailored for retail and petroleum sectors. Securevalue India Limited, a subsidiary, enhances its portfolio with cash management and vault services. Despite recent financial challenges, AGSTTL’s dedication to innovation and customer-focused solutions has earned it industry recognition, positioning it as a cornerstone in India’s fintech landscape.
Written By Fazal Ul Vahab C H
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