BSEVeefin Solutions LtdHighNeutral
Announced Fri, 23 Jan · 18:35 IST

As attached

Revenue Growth 20pctPat Growth 25pctResults View source PDF

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AI summary

Veefin Solutions Ltd reported its first-ever quarterly results, with consolidated revenue from operations of Rs. 10,374.36 lakhs for Q3 FY26 and Rs. 21,378.27 lakhs for the nine-month period, significantly higher than the Rs. 7,859.76 lakhs reported for the entire FY25. Consolidated profit after tax stood at Rs. 777.59 lakhs for the quarter and Rs. 1,598.31 lakhs for nine months (vs FY25 full-year PAT of Rs. 1,625.92 lakhs). On a standalone basis, Q3 revenue was Rs. 2,018.58 lakhs and PAT was Rs. 600.49 lakhs, with nine-month PAT at Rs. 1,244.79 lakhs. During the quarter, the company issued 11.46 lakh equity shares and 11.13 lakh convertible warrants on a preferential basis at Rs. 391 per share, raising up to Rs. 4,351.13 lakhs in warrants. A scheme of merger with two subsidiaries (Estorifi Solutions and GlobeTF Solutions) along with cancellation of 21 lakh promoter shares at nil consideration has been filed with BSE. The statutory auditor ADV & Associates issued an unmodified limited review report.

Likely market impact

Strong revenue growth and substantial capital raising activity indicate business expansion and improved investor confidence. Shareholders should note potential equity dilution from the pending warrant conversions and the proposed merger scheme. The robust performance versus FY25 should be viewed positively by the market.