Veegaland Developers Q1 FY27 Revenue Jumps 79% YoY to ₹7,432 Lakhs

Veegaland Developers Ltd announced its unaudited financial results for the quarter ended June 30, 2026. Revenue from operations surged by 79% year-on-year to ₹7,432 lakhs (₹74.32 Crore) from ₹4,150 lakhs (₹41.50 Crore) in the same period last year. This growth was driven by strong sales and robust project progress. Gross profit increased to ₹2,099 lakhs (₹20.99 Crore) with a stable gross margin of 28.25%. EBITDA rose by 135% YoY to ₹1,431 lakhs (₹14.31 Crore), and Profit After Tax (PAT) grew to ₹972 lakhs (₹9.72 Crore), with PAT margin improving to 12.86% from 7.65% YoY. The company also launched a new project, Veegaland Amora, in Kochi during the quarter. Management expressed confidence in the Kerala real estate market and plans for expansion.