Veegaland Developers Limited announced its unaudited financial results for the quarter and half year ended September 30, 2026. The company reported a 29% year-over-year increase in revenue for Q2 FY27, reaching ₹106.3 crore. EBITDA saw a substantial rise of 78% to ₹22.8 crore, with Profit After Tax (PAT) growing by 92% to ₹16.0 crore.
Veegaland Developers Announces Strong Q2 FY27 Financials
Veegaland Developers Limited, a prominent real estate developer in Kerala, has released its unaudited financial results for the second quarter (Q2) and the first half (H1) of the fiscal year 2027, ending September 30, 2026. The company showcased robust growth across key financial metrics compared to the corresponding periods in the previous year.
Key Financial Highlights for Q2 FY27
For the second quarter of FY27, Veegaland Developers reported a revenue from operations of ₹106.3 crore, marking a significant 28.7% increase compared to ₹82.7 crore in Q2 FY26. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) surged by 77.8% to ₹22.8 crore, up from ₹12.8 crore in Q2 FY26. The EBITDA margin improved by 550 basis points to 20.9%. Profit After Tax (PAT) demonstrated substantial growth of 92.3%, reaching ₹16.0 crore from ₹8.3 crore in the prior year’s quarter. The PAT margin also saw a considerable expansion of 470 basis points to 14.7%.
First Half FY27 Performance
The strong performance extended into the first half of FY27. Revenue from operations grew by 45.5% to ₹180.7 crore, compared to ₹124.2 crore in H1 FY26. EBITDA doubled its growth, increasing by 96.2% to ₹37.1 crore from ₹18.9 crore in H1 FY26, with an improved margin of 20.1%. PAT for the first half rose by an impressive 123.1% to ₹25.7 crore, up from ₹11.5 crore in H1 FY26, reflecting a PAT margin of 14.2%.
Management Commentary
Kochouseph Thomas Chittilappilly, founder, vice chairman & WTD of Veegaland Developers Limited, commented on the results, stating, “At Veegaland, our focus remains on strengthening our presence across Kerala’s key residential markets while continuing to build a differentiated portfolio of quality homes with biophilic designs. We believe that a strong understanding of local markets, eco-friendly building techniques and a commitment to quality are critical to building a sustainable customer confidence in the long-term.” He further added, “As we move forward, we remain focused on robust project execution, operational efficiencies and continuous improvement to support our next phase of growth. Our improved financial performance reflects the strength of the confidence of our beloved customers and provides a strong foundation as we pursue our long-term growth ambitions.”
About Veegaland Developers Limited
Veegaland Developers Limited, incorporated in 2007, is a Kerala-based real estate developer that commenced operations in 2011. The company has established its presence across four key cities in Kerala, offering a portfolio spanning five residential segments. Veegaland has been recognized as the state’s fastest-selling real estate developer, as per an ICRA report dated December 8, 2025.
Source: BSE
