Veefin Solutions (543931) Q2 26/27 earnings summary

Executive summary

• H1 FY27 consolidated revenue from operations grew 116.2% YoY to ₹23,881.59 lakh and PAT rose 126.6% to ₹2,485.13 lakh; open pipeline was ₹920 cr across 77 deals.

• Q2 FY27 consolidated total revenue was ₹12,573.55 lakh, including ₹12,465.94 lakh from operations; PAT was ₹1,531.82 lakh.

• Priorities include converting qualified opportunities, deepening customer relationships, and strengthening delivery execution and customer support.

Financial highlights

• H1 consolidated EBITDA was ₹60.81 cr, up 159.5% YoY; EBITDA margin rose 424 bps to 25.5% and PAT margin increased 47 bps to 10.4%.

• Q2 consolidated EBITDA rose 52.2% QoQ to ₹36.70 cr and PAT rose 60.7% to ₹15.32 cr.

• H1 consolidated PBT was ₹3,534.08 lakh versus ₹1,403.92 lakh in restated H1 FY26; revenue from operations was ₹23,881.59 lakh versus ₹11,044.11 lakh.

• Standalone Q2 revenue from operations was ₹2,586.05 lakh, PBT ₹883.92 lakh and PAT ₹697.90 lakh; H1 total revenue was ₹5,344.51 lakh and PAT ₹1,396.96 lakh.

• Standalone H1 EBITDA was ₹27.20 cr, up 107.4%; EBITDA margin was 55.3%, up 634 bps, while PAT margin was 28.4%, down 68 bps.

Segment performance

• Q2 segment revenue was ₹3,646.96 lakh for Products and ₹8,818.98 lakh for Services; segment results were ₹1,410.39 lakh and ₹1,544.13 lakh, respectively.

• H1 segment revenue was ₹6,134.19 lakh for Products and ₹17,747.40 lakh for Services; segment results were ₹1,929.77 lakh and ₹2,705.23 lakh, respectively.

• Standalone Q2 revenue rose 10.9% QoQ to ₹25.86 cr; EBITDA increased 5.6% to ₹13.97 cr and PAT was broadly flat at ₹6.99 cr.