Disclosure Context

Veefin Solutions Limited (Scrip Code: 543931, ISIN: INE0Q0M01015) submitted an investor presentation to BSE Limited on October 26, 2026, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation highlights financial results for the quarter and half year ended September 30, 2026.

H1 FY27 Financial Performance

Standalone Performance (₹ crore)

  • Revenue: ₹49.19 crore, up 83.6% YoY
  • EBITDA: ₹27.20 crore, up 107.4% YoY
  • EBITDA margin: 55.3% (vs 49.0% in H1 FY26, +634 bps)
  • PAT: ₹13.97 crore, up 79.4% YoY
  • PAT margin: 28.4% (vs 29.1% in H1 FY26, -68 bps)
  • Basic EPS: ₹5.47, up 63.3% YoY

Consolidated Group Performance (₹ crore)

  • Revenue: ₹238.82 crore, up 116.2% YoY
  • EBITDA: ₹60.81 crore, up 159.5% YoY
  • EBITDA margin: 25.5% (vs 21.2% in H1 FY26, +424 bps)
  • PAT: ₹24.85 crore, up 126.6% YoY
  • PAT margin: 10.4% (vs 9.9% in H1 FY26, +47 bps)
  • Basic EPS: ₹6.25, up 67.1% YoY

Note: EPS is basic, in ₹ per share and not annualized. Group PAT includes non-controlling interests. EBITDA excludes other income. Margins use operating revenue. Changes use unrounded figures.

Q2 FY27 Financial Performance

Standalone Performance (₹ crore)

  • Revenue: Increased 10.9% QoQ
  • EBITDA: ₹13.97 crore, up 5.6% QoQ
  • EBITDA margin: 54.0% (vs 56.7% in Q1 FY27, -272 bps)
  • PAT: ₹6.99 crore, up 0.2% QoQ
  • PAT margin: 27.0% (vs 29.9% in Q1 FY27, -289 bps)
  • Basic EPS: ₹2.74, up 0.2% QoQ

Consolidated Group Performance (₹ crore)

  • Revenue: Increased 9.2% QoQ
  • EBITDA: ₹36.70 crore, up 52.2% QoQ
  • EBITDA margin: 29.4% (vs 21.1% in Q1 FY27, +832 bps)
  • PAT: ₹15.32 crore, up 60.7% QoQ
  • PAT margin: 12.3% (vs 8.4% in Q1 FY27, +394 bps)
  • Basic EPS: ₹3.53, up 29.9% QoQ

Revenue Model and Composition

The company generates revenue through:

  • One-time fees: Implementation and licence fees (can be paid over milestones)
  • Recurring fees: Licence and subscription fees, annual maintenance contracts, and support

Customers contribute over the contract term. The standalone revenue composition includes analysis by fee type and customer vintage.

Receivables Discipline

The company monitors Days Sales Outstanding (DSO) to measure how quickly billed revenue converts to cash at the standalone level.

Opportunity Pipeline Details (Q2 FY27)

  • Open pipeline: ₹920 crore across 77 deals
  • Pipeline added in Q2: ₹240.21 crore
  • Contracted in Q2: ₹46 crore
  • Exchange rate: USD/INR 94.9432 (as of October 23, 2026)

Pipeline Distribution

  • 65% of pipeline value is beyond flagship Supply Chain Finance (SCF)
  • 38 out of 77 deals are evaluating more than one product
  • Pipeline status: 75% qualified, 11% under negotiation

Geographic Distribution

  • Southeast Asia: 56% of value, 29% of deals
  • India: 16% of value, 32% of deals
  • Rest of South Asia: 12% of value, 18% of deals
  • Middle East: 11% of value, 16% of deals
  • Africa: 3% of value, 4% of deals
  • Europe: 2% of value, 1% of deals
  • 84% of pipeline is outside India

Recent Wins

  • Leading finance company, India
  • 2 Public Sector Banks (PSBs), India

Veefin AI Operating System (AIOS) Development

  • 1,000+ skills built on AIOS
  • Three internal factories built on AIOS:
  • Implementation factory: Implementation preparation and delivery support
  • Support factory: Issue investigation and resolution support
  • Testing factory: Test preparation and execution support

AIOS is designed as a standalone offering or combined with Veefin products, connecting to customers' existing systems.

Expanded Product Portfolio

1. Transaction Banking: Supply Chain Finance, Trade Finance, Cash and Liquidity Management

2. Digital Lending: Loan origination, Loan management, Debt Collections

3. Financing Infrastructure: PSB Xchange Marketplace, Guarantee Management, TReDS Technology

4. AI: AI Operating System, AI Employees

5. Banking Channels: Corporate internet banking, Retail internet banking, Mobile banking, Fraud management, Risk analytics

Customers can purchase complete products or individual capabilities.

Leadership Updates

  • Pavan Chamarty appointed as Chief Delivery Officer: 25+ years in technology delivery, joined from Tech Mahindra where he led delivery for banking clients across US, Europe, Middle East and Africa.
  • Akash Munjal elevated to Chief Customer Officer: 24+ years experience in MNC and private banks, with experience across SCF, trade finance, risk distribution and product strategy.

Corporate Development

  • BSE approval received for main-board migration
  • NSE approval awaited for main-board migration

Priorities for Coming Period

  • Commercial conversion: Convert qualified opportunities into signed business and deepen relationships with existing customers
  • Delivery and customer outcomes: Strengthen delivery execution and customer support under expanded leadership team