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Veegaland Developers Q2 FY27 results: net profit ₹15.99 crore
Veegaland Developers Ltd reported standalone Q2 FY27 revenue of ₹106.34 crore, EBITDA of ₹20.35 crore and a net profit of ₹15.99 crore. Revenue rose 43.1% from Q1 FY27, while EBITDA margin increased 1.6 percentage points to 19.1% and basic EPS rose to ₹4.46.
Key points
- Revenue was ₹106.34 crore in Q2 FY27, up 43.1% from ₹74.32 crore in Q1 FY27.
- EBITDA rose 56.4% from ₹13.01 crore to ₹20.35 crore, while margin increased 1.6 percentage points to 19.1%.
- Net profit increased 64.5% from ₹9.72 crore to ₹15.99 crore, and basic EPS rose from ₹2.88 to ₹4.46.
- Total assets were ₹709.23 crore and total equity was ₹484.28 crore as of 30 September 2026.
- H1 FY27 operating cash flow was ₹55.75 crore, while financing cash flow was ₹168.36 crore and investing cash flow was negative ₹152.29 crore.
How did Veegaland Developers perform in Q2 FY27?
Veegaland Developers reported standalone revenue of ₹106.34 crore for Q2 FY27, compared with ₹74.32 crore in Q1 FY27. Revenue rose 43.1%, while total income increased 43.8% from ₹75.62 crore to ₹108.77 crore. Total expenses were ₹87.31 crore, up 39.4% from ₹62.63 crore in the previous quarter.
EBITDA rose 56.4% from ₹13.01 crore in Q1 FY27 to ₹20.35 crore in Q2 FY27. EBITDA margin increased 1.6 percentage points to 19.1%. Profit before tax was ₹21.47 crore, up 65.3% from ₹12.99 crore, while net profit increased 64.5% from ₹9.72 crore to ₹15.99 crore.
Basic EPS rose from ₹2.88 in Q1 FY27 to ₹4.46 in Q2 FY27. There was no exceptional item in the quarter. The results are standalone; a comparable year-ago quarter and consolidated figures were not provided in the supplied data.
| ₹ crore | Q2 FY27 | Q1 FY27 | QoQ |
|---|---|---|---|
| Revenue from operations | 106.34 | 74.32 | +43.1% |
| Other income | 2.43 | 1.30 | +86.9% |
| Total expenses | 87.31 | 62.63 | +39.4% |
| EBITDA | 20.35 | 13.01 | +56.4% |
| EBITDA margin | 19.1% | 17.5% | +1.6 pp |
| Profit before tax | 21.47 | 12.99 | +65.3% |
| Tax | 5.48 | 3.27 | +67.6% |
| Net profit | 15.99 | 9.72 | +64.5% |
| EPS (₹) | 4.46 | 2.88 | +54.9% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹709.23 crore, total equity was ₹484.28 crore, borrowings were ₹70.53 crore and cash was ₹92.35 crore. Inventories were ₹273.84 crore, trade receivables were ₹42.56 crore and trade payables were ₹17.69 crore. Comparative balance-sheet figures and year-earlier cash-flow figures were not provided.
For H1 FY27, cash flow from operating activities was ₹55.75 crore. Cash flow from investing activities was negative ₹152.29 crore and cash flow from financing activities was ₹168.36 crore. Capital expenditure was ₹0.76 crore; closing cash for the period was not provided.
| ₹ crore | As of 30 September 2026 |
|---|---|
| Total assets | 709.23 |
| Total equity | 484.28 |
| Borrowings | 70.53 |
| Cash and equivalents | 92.35 |
| Inventories | 273.84 |
| Trade receivables | 42.56 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 |
|---|---|
| Cash from operations | 55.75 |
| Cash from investing | −152.29 |
| Cash from financing | 168.36 |
| Capital expenditure | 0.76 |
Source: Company's results filing (XBRL).
What else did the company announce?
The company’s filing did not announce a dividend or an appointment around the result. A separate filing said that Veegaland Developers completed its IPO of 1,50,00,000 equity shares of face value ₹10 each at ₹140 per equity share, with the shares listed on the NSE and BSE on 18 September 2026.
What did Veegaland Developers' management say?
Management’s investor presentation dated 6 October 2026 covered Q1 FY27, not Q2 FY27, and did not provide guidance for the September 2026 quarter. It said pre-sales were ₹129.85 crore, gross collections were ₹70.97 crore, the total order value was ₹910 crore and ₹431 crore of revenue was yet to be recognised. It also reported debt-to-equity of 0.26x, compared with 0.32x.
The presentation identified 12 ongoing projects with 18.58 lakh sq ft under construction and three upcoming projects with 212 units and estimated developable value of ₹450 crore. It said Veegaland Amora at Maradu, Kochi, had 1,59,923 sq ft of saleable area and an estimated developable value of ₹150 crore. The presentation noted risks including earnings volatility, competition, time and cost overruns, government policy and interest rates.
How did Veegaland Developers shares react?
After the filing appeared, the stock was down 1.9% after 5 minutes and 0.2% after 15 minutes. It was broadly unchanged after 30 minutes. On the reaction day, it closed 3.0% above the previous close of ₹144.22, at a base price of ₹149.55.
| After the filing | Stock |
|---|---|
| 5 minutes | −1.9% |
| 15 minutes | −0.2% |
| 30 minutes | −0.0% |
| Reaction day | +3.0% |
| Next day | −1.1% |
| 5 days | −11.9% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
Quick answers
What was Veegaland Developers' revenue in Q2 FY27?
Revenue from operations was ₹106.34 crore (standalone).
Did Veegaland Developers make a profit in Q2 FY27?
Yes. Net profit was ₹15.99 crore.
What was Veegaland Developers' EPS in Q2 FY27?
Basic earnings per share were ₹4.46.
How did Veegaland Developers shares react to the Q2 FY27 results?
On the reaction day the stock moved +3.0% from the previous close.
When did Veegaland Developers announce its Q2 FY27 results?
On 6 October 2026, in a filing to the BSE.
Sources
- Board Meeting Outcome for Outcome Of Board Meeting Held For Adoption Of Unaudited Financial Results For The Quarter Ended June 30, 2026 (BSE, 6 October 2026) · PDF
- Results - Financial Results For The Quarter Ended June 30, 2026 (BSE, 6 October 2026) · PDF
- Board Meeting Intimation for Approval Of Unaudited Standalone Financial Results For The Quarter And Half Year Ended September 30, 2026. (BSE, 27 October 2026) · PDF
- Outcome of Board Meeting (NSE, 5 November 2026) · PDF
- The investor presentation (6 October 2026)
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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