Veegaland Developers Limited has released the transcript of its Q2 and H1 FY27 earnings conference call held on November 9, 2026. The call detailed significant growth in revenue and profitability, with Q2 FY27 revenue increasing by 28.66% year-on-year to INR106.34 crore. The company also highlighted its successful IPO and strategic focus on expanding its presence in the Kerala real estate market.
Veegaland Developers Q2 and H1 FY27 Earnings Call Transcript Released
Veegaland Developers Limited has formally submitted the transcript of its Q2 and H1 FY27 Earnings Conference Call, which took place on November 9, 2026. This disclosure follows their earlier intimation on November 4, 2026, regarding the scheduling of the call. The transcript provides an in-depth look at the company’s financial performance and operational developments for the second quarter and the first half of the financial year 2027.
Financial Performance Highlights
During the conference call, Mr. Varun S. Kumar, Chief Financial Officer, highlighted robust financial results. For Q2 FY27, revenue from operations saw a significant increase of 28.66% year-on-year, reaching INR106.34 crore. EBITDA also grew substantially by 77% to INR22.78 crore, with EBITDA margins improving by 550 basis points to 20.90%. Profit After Tax (PAT) for the quarter rose by 92% to INR15.99 crore, and PAT margins improved by 470 basis points to 14.70%.
The strong performance continued into the first half of FY27 (H1 FY27). Revenue from operations increased by 45% to INR180.66 crore. EBITDA for H1 FY27 stood at INR37.09 crore, a 96% increase, with EBITDA margins improving by 500 basis points to 20.10%. PAT grew by 123% to INR25.71 crore, and PAT margins improved by 490 basis points to 14.20%.
IPO and Strategic Growth
The company also announced the successful completion of its initial public offering (IPO) on September 18, 2026, raising INR210 crore. The proceeds are earmarked for funding ongoing projects, planned acquisitions, and general corporate purposes. Veegaland Developers emphasized its continued focus on strengthening its presence in the Kerala market, particularly in key areas like Kochi and Thiruvananthapuram, and its strategy of developing quality residential communities with a biophilic urban home concept.
Operational Outlook
Management expressed confidence in sustaining growth momentum, driven by strong pre-sales growth of 37.6% year-on-year in value terms for the quarter. The company is focused on timely project delivery, customer engagement, and disciplined capital deployment. They are actively evaluating new geographies and market opportunities while maintaining a disciplined approach to land acquisition and project selection.
Source: BSE
