Transcript of the Earnings Conference Call for the Half Year and Year Ended March 31, 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Veefin Solutions reported a strong FY25 with standalone revenue of ₹41.7 crores, up 67% YoY, EBITDA of ₹21.5 crores (up ~99%), and PAT of ₹15+ crores (up ~100%). EBITDA margin expanded from 43% to 52% and PAT margin from 30% to 36%, with 87% of clients now on a recurring SaaS pricing model. The company signed 25 new deals, took 21 clients live, and the platform now handles a disbursement run rate of ₹3.25 lakh crores. Key wins include HSBC, a multi-country rollout across 5 African nations, and PSB Exchange going live with public sector banks. Management highlighted a pipeline of 250+ active pursuits and a 50% win rate, along with upcoming launches in trade finance, cash management, and co-lending. A $13 million fundraise (equity done, debt being signed) is expected to close within 30 days, and consolidated goodwill of ₹176 crores sits on the books from acquisitions of Nityo, Epikindifi, and Regime.
Strong margin expansion and consistent revenue growth signal healthy business momentum, but management declined to give specific FY26 guidance due to acquisition consolidation complexity, which may temper near-term expectations. The shift to a SaaS-heavy model (87%) and the deep pipeline of 250+ pursuits suggest durable recurring revenue going forward, while pending acquisitions should materially expand the consolidated top line next year.