Company Disclosure: Unaudited Financial Results Q1 FY27

Key Financial Results (₹ lakhs)

Quarterly Performance Comparison:

| Particulars | 30-Jun-26 | 31-Mar-26 | 30-Jun-25 | 31-Mar-26 (Year Ended) |

| Revenue from Operations | 7,432 | 7,033 | 4,150 | 25,098 |

| Gross Profit | 2,099 | 1,927 | 1,217 | 7,013 |

| Gross Profit Margin % | 28.25% | 27.40% | 29.31% | 27.94% |

| EBITDA | 1,431 | 1,433 | 610 | 4,264 |

| EBITDA Margin % | 18.93% | 19.92% | 14.52% | 16.78% |

| Profit After Tax | 972 | 919 | 321 | 2,661 |

| PAT Margin % | 12.86% | 12.78% | 7.65% | 10.47% |

Financial Performance Analysis

  • Revenue Growth: Revenue from operations increased by 79% year-over-year (YoY) from ₹4,150 lakhs in Q1 FY26 to ₹7,432 lakhs in Q1 FY27.
  • Quarter-over-Quarter Performance: Revenue increased by 5.7% from the previous quarter (₹7,033 lakhs in Q4 FY26).
  • Profitability Metrics: Gross profit margin remained stable at 28.25% compared to 27.40% in the previous quarter. EBITDA margin stood at 18.93% compared to 19.92% in the previous quarter. PAT margin improved to 12.86% from 7.65% YoY.
  • Absolute Profit Growth: EBITDA increased by 135% YoY to ₹1,431 lakhs. PAT increased significantly to ₹972 lakhs from ₹321 lakhs YoY.

Operational Highlights

  • All ongoing projects progressed as per schedule, contributing to strong revenue growth through steady progress in their respective percentages of completion.
  • The company launched one new project in Kochi during the quarter: Veegaland Amora, adding 1.59 lakh square feet to its portfolio of ongoing projects.
  • The company maintains 12 ongoing projects across Kochi, Thiruvananthapuram, Kozhikode and Thrissur.

Management Commentary

Mr. Kochouseph Chittilappilly, Executive Vice-Chairman, commented on the results:

  • Strong sales demand and robust project execution drove the 79% YoY revenue growth.
  • Stable gross margins and increased scale of operations resulted in improved profit margins.
  • Strong sales performance was achieved despite ongoing uncertainties in the Middle East, which has been a strong source of demand for the company.
  • The company expressed confidence about the residential real estate market in Kerala and is working towards expanding its presence.
  • The company has a strong project pipeline with 3 upcoming projects and 6.5 acres of land reserves, providing clear visibility for medium-term growth.

Company Background

Veegaland Developers Limited is a real estate development company engaged in planning, development and sale of multi-storied residential apartment projects in Kerala, India. The company operates under the brand name 'Veegaland Homes' with projects across mid-premium, premium, ultra-premium and luxe-series luxury residential segments. The company has reported a CAGR of 40.12% in pre-sales over the past three fiscal years.

Safe Harbour Statement

The document contains forward-looking statements based on estimates and anticipated effects of future events, which are subject to numerous risks and uncertainties and may not necessarily be predictive of future results.