Veefin Solutions (543931) Q2 26/27 earnings summary

Executive summary

• H1 FY27 consolidated revenue from operations rose 116.2% YoY to ₹23,881.59 lakh; PAT increased 126.6% to ₹2,485.13 lakh, with an open pipeline of ₹920 crore.

• Q2 consolidated revenue from operations was ₹12,465.94 lakh; EBITDA was ₹3,670 lakh and PAT ₹1,531.82 lakh.

• Priorities include converting qualified opportunities, strengthening delivery and customer support, and improving cash conversion.

Financial highlights

• H1 group EBITDA was ₹6,081 lakh, up 159.5% YoY; EBITDA margin expanded to 25.5% and PAT margin was 10.4%.

• H1 standalone EBITDA was ₹2,720 lakh and PAT ₹1,396.96 lakh; EBITDA margin was 55.3% and PAT margin 28.4%.

• Q2 standalone revenue from operations was ₹2,586.05 lakh, EBITDA ₹1,397 lakh and PAT ₹697.90 lakh.

• H1 consolidated basic EPS was ₹6.25; Q2 basic EPS was ₹3.53.

Outlook and guidance

• Management declined formal forward revenue guidance but said growth at the current rate could continue for two years; EBITDA margin tracking range was 45%–50%, with possible fluctuations.

• H2 billings are expected to rise, converting unbilled revenue into collections and easing a temporary working-capital gap.

• H2 focus includes opportunity conversion, customer milestones, timely billing and collections, and customer support.