Veegaland Developers Limited announced its unaudited financial results for the quarter and half year ended September 30, 2026 (Q2 FY27 and H1 FY27). The disclosure was made to BSE Limited and National Stock Exchange of India Limited under regulatory compliance requirements.
Financial Performance Highlights - Q2 FY27 vs Q2 FY26
- Revenue from operations: ₹106.3 crore (up 28.7% from ₹82.7 crore YoY)
- EBITDA: ₹22.8 crore (up 77.8% from ₹12.8 crore YoY)
- EBITDA Margins: 20.9% (up 550 bps from 15.4% YoY)
- Profit After Tax: ₹16.0 crore (up 92.3% from ₹8.3 crore YoY)
- PAT Margins: 14.7% (up 470 bps from 10.0% YoY)
- Basic EPS: ₹4.46 (compared to ₹2.88 in Q2 FY26)
Financial Performance Highlights - H1 FY27 vs H1 FY26
- Revenue from operations: ₹180.7 crore (up 45.5% from ₹124.2 crore YoY)
- EBITDA: ₹37.1 crore (up 96.2% from ₹18.9 crore YoY)
- EBITDA Margins: 20.1% (up 500 bps from 15.1% YoY)
- Profit After Tax: ₹25.7 crore (up 123.1% from ₹11.5 crore YoY)
- PAT Margins: 14.2% (up 490 bps from 9.3% YoY)
- Basic EPS: ₹7.38 (compared to ₹4.28 in H1 FY26)
Note: EBITDA includes Other Income as disclosed in the financial results.
Management Commentary
Kochouseph Thomas Chittilappilly, founder, vice chairman & Whole Time Director of Veegaland Developers Limited, commented on the results. He stated that the company's focus remains on strengthening presence across Kerala's key residential markets while building a differentiated portfolio of quality homes with biophilic designs. He emphasized strong understanding of local markets, eco-friendly building techniques, and commitment to quality as critical to building sustainable customer confidence. The company remains focused on robust project execution, operational efficiencies, and continuous improvement to support the next phase of growth.
Company Background
Veegaland Developers Limited is a Kerala-based real estate developer incorporated in 2007 as part of the Group's diversification strategy, commencing real estate operations in 2011. The company has expanded its presence across four key cities in Kerala, catering to diverse homebuyer segments through a portfolio spanning five residential segments. The company was recognized as Kerala's fastest-selling real estate developer as per the ICRA report dated December 8, 2025.
Forward-Looking Statements
The document includes a cautionary statement noting that certain statements may be forward-looking and subject to risks and uncertainties including regulatory changes, local political or economic developments, and other factors that could cause actual results to differ materially from those contemplated.