Veefin Delivers Strong Q3 and Nine months FY26 performance with robust Margins and Expanding Platform Momentum
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Veefin Solutions reported strong Q3 and nine-month FY26 results. On a standalone basis, Q3 revenue was ₹20.19 crore with EBITDA of ₹11.76 crore (58.25% margin) and PAT of ₹6.00 crore. For 9M FY26, standalone revenue reached ₹46.57 crore, EBITDA ₹24.33 crore (52.45% margin), and PAT ₹12.45 crore, translating to diluted EPS of ₹4.99. On a consolidated basis, 9M FY26 revenue stood at ₹213.78 crore, EBITDA at ₹40.84 crore (19.10% margin), and PAT at ₹15.98 crore. The company highlighted a qualified sales pipeline of roughly 50 deals worth around USD 61 million spread across India, South Asia, Africa, GCC, and South-East Asia, with about 78% of the pipeline being non-supply-chain finance, indicating diversification beyond its core product.
The print underscores strong standalone profitability and a growing, geographically diversified pipeline, which could be viewed positively by investors. However, the gap between standalone and consolidated margins (52% vs 19%) suggests subsidiary-level costs are weighing on overall profitability, something investors should watch.