Veefin Solutions (543931) Q2 25/26 earnings summary

Executive summary

• H1 FY26 revenue was ₹2,638.39 lakh standalone, up 108% YoY, and ₹11,003.91 lakh consolidated, up 476%; consolidated comparisons are affected by newly acquired entities.

• Supply-chain finance (SCF) remained the profitable core, supporting investment in a six-product banking platform and expansion across Asia, Africa, and MENA.

• FY26 revenue growth targets are 75–85% standalone and 290–300% consolidated; management cited a $45 million qualified pipeline and targeted ~15% closure.

Financial highlights

• Standalone H1 revenue was ₹2,638.39 lakh versus ₹1,267.83 lakh; PBT was ₹787.59 lakh and profit was ₹644.30 lakh.

• Consolidated H1 revenue was ₹11,003.91 lakh versus ₹1,908.88 lakh; PBT was ₹1,038.44 lakh and profit was ₹820.72 lakh.

• Consolidated H1 profit included ₹717.22 lakh attributable to shareholders and ₹103.50 lakh to minority interest.

• H1 consolidated operating cash flow was ₹2,336.23 lakh; investing outflow was ₹18,326.69 lakh and financing inflow was ₹18,784.92 lakh.

• Standalone diluted EPS was ₹2.63 and consolidated diluted EPS was ₹2.92; H1 EPS is not annualised.

Outlook and guidance

• FY26 revenue growth targets: 75–85% YoY standalone and 290–300% consolidated.

• Management targeted ~15% closure of the $45 million qualified pipeline in FY26 and expects margin expansion as IP investment plateaus.

• Cash-flow discipline and global expansion remain priorities; H1 revenue visibility was cited at 90%.

• Subsidiary amalgamation is expected in Q2–Q3 FY27, subject to approvals; the proposed appointed date is April 1, 2026.