Financial Performance - H1 FY27 (Consolidated)

  • Revenue from Operations: ₹238.82 crore, representing 116.2% YoY growth from ₹110.44 crore in H1 FY26
  • EBITDA: ₹60.81 crore, showing 159.5% YoY growth from ₹23.44 crore
  • EBITDA Margin: 25.5%, improved by 424 basis points from 21.2% in H1 FY26
  • Total PAT: ₹24.85 crore, increasing 126.5% YoY from ₹10.97 crore
  • Basic EPS: ₹6.25, up 66.2% from ₹3.76 in H1 FY26

Financial Performance - H1 FY27 (Standalone)

  • Revenue from Operations: ₹49.19 crore, showing 83.6% YoY growth from ₹26.79 crore
  • PAT: ₹13.97 crore, increasing 79.4% YoY from ₹7.79 crore
  • Basic EPS: ₹5.47, up 63.3% from ₹3.35 in H1 FY26
  • Recurring Revenue Mix: 82.1% of standalone revenue (subscription, licence renewal, AMC and usage-based fees)

Quarterly Performance - Q2 FY27

  • Consolidated Revenue: ₹124.66 crore, up 9.2% sequentially from previous quarter
  • Total PAT: ₹15.32 crore, increasing 60.7% QoQ
  • Q2 Recurring Revenue Mix: Improved to 89.8% of standalone revenue

Business Highlights

  • Open Opportunity Pipeline: ₹920 crore, with 65% originating from opportunities beyond Supply Chain Finance
  • AI Operating System Development: More than 1,000 skills developed; AI-powered implementation, support and testing factories are being used internally
  • Modular technology architecture enables customers to adopt complete banking applications, individual technology platforms, or selected capabilities

Management Commentary

Mr. Gautam Udani, Whole-Time Director and Chief Operating Officer, stated: "We have delivered a strong first half, with growth in revenue accompanied by a significant increase in profit. Customers engage with Veefin in different ways. Some need a complete banking application; others use our technology platforms or individual capabilities within their own offerings. That flexibility gives us more ways to serve banks, corporates and technology companies."

Outlook

The Company remains focused on expanding its customer base, strengthening delivery capabilities, and converting commercial opportunities into sustainable business growth through its expanding technology portfolio and increasing AI capabilities.

Additional Information

  • The Company adopted Ind AS from 1 April 2026; comparative figures are as restated
  • Total PAT includes non-controlling interests
  • EBITDA excludes other income
  • Margins use revenue from operations
  • EPS is basic and not annualized

Disclaimer Note

The opportunity pipeline represents potential business opportunities and should not be construed as confirmed orders or guaranteed future revenue.