| Metric | Value (₹ Cr) |
|---|---|
| Revenue | 74.32 |
| Total Income | 75.62 |
| Expenditure | 62.63 |
| PBT | 12.99 |
| Net Profit | 9.72 |
| OPM | — |
| NPM | 12.85% |
| EPS | 2.88 |
Veegaland Developers Q1 FY27 Revenue Jumps 79% YoY to ₹7,432 Lakhs
06 Oct 2026 · 6 Oct, 3:39 pm
Summary
Veegaland Developers Limited reported a significant 79% year-over-year increase in revenue from operations for the quarter ended June 30, 2026, reaching Rs 7,432 lakhs, driven by strong sales and project progress. EBITDA saw a substantial jump of 135% YoY to Rs 1,431 lakhs, with EBITDA margins maintained at 19%. The company also experienced an improvement in PAT margin, rising to 12.86% from 7.65% in the same period last year, demonstrating enhanced profitability. Looking ahead, Veegaland Developers Limited expressed confidence in the residential real estate market in Kerala and is focused on expanding its presence with a strong project pipeline.
Key Highlights
- 1
Revenue from operations increased by 79% in Q1 of FY 2027 to Rs 7,432 lakhs.
- 2
EBITDA rose to Rs. 1,431 lakhs in Q1 FY27, an increase of 135% YoY.
- 3
The Company maintained stable gross margins of 28% and an EBITDA margin of 19% in Q1 FY27.
- 4
Profit After Tax (PAT) margin improved from 7.65% in Q1 FY26 to 12.86% in Q1 FY27.
- 5
During Q1 FY27, the Company launched one new project in Kochi, Veegaland Amora, adding 1.59 lakh square feet.
Management Comments
Kochouseph Chittilappilly
The quarter ended 30 June 2026 saw strong sales demand and robust project execution, representing a revenue growth of 79% contributing to revenue from operations of Rs. 7,432 lakhs, representing a growth of 79% YoY. The stable gross margins, along with the increase in scale of operations, have resulted in improved profit margins, with the PAT margin standing at 12.86%. It is to be noted that such strong sales performance has been achieved amidst ongoing uncertainties in the Middle East, which has been a strong source of demand for the Company, evidencing no signs of market risk arising out of the same. Looking forward, we are confident about the residential real estate market in Kerala, and we are working towards expanding our presence. The strong project pipeline of 3 upcoming projects and 6.5 acres of land reserves provides us with clear visibility for the medium-term growth into the future.
Informational and educational content only. Not investment advice.