Veegaland Developers has announced its financial results for the second quarter and first half of fiscal year 2027. The company showcased robust performance with pre-sales value increasing by 37.6% year-on-year to ₹174.34 crore. Revenue from operations saw a 28.66% YoY growth to ₹106.34 crore, while PAT grew significantly by 92.34% YoY to ₹15.99 crore.
Veegaland Developers Reports Strong Q2 FY27 Performance
Veegaland Developers Limited has submitted its investor presentation detailing the unaudited financial results for the quarter and half-year ended September 30, 2026. The company has reported significant growth across key financial and operational metrics, indicating a positive trajectory for the fiscal year.
Key Financial Highlights – Q2 FY27
The company’s performance in the second quarter of FY27 (Q2 FY27) demonstrates robust growth:
- Pre-sales reached ₹174.34 crore, marking a substantial 37.56% increase year-on-year (YoY).
- Pre-sales area grew by 19.62% YoY to 1.89 lakh sq ft.
- Gross collections surged by 88.22% YoY to ₹125.22 crore.
- Revenue from operations increased by 28.66% YoY to ₹106.34 crore.
- EBITDA* saw a strong growth of 77.76% YoY, reaching ₹22.78 crore.
- Profit After Tax (PAT) grew by an impressive 92.34% YoY to ₹15.99 crore.
Half-Yearly Performance – H1 FY27
For the first half of fiscal year 2027 (H1 FY27), Veegaland Developers also reported strong year-on-year improvements:
- Revenue from operations grew by 45.51% YoY to ₹180.66 crore.
- EBITDA* growth stood at 96.10% YoY.
- Profit After Tax (PAT) growth was a remarkable 123.08% YoY.
Operational Momentum
The company highlighted strong operational momentum, with pre-sales value increasing by 34.3% Quarter-on-Quarter (QoQ). Collections also saw a substantial 76.4% QoQ increase. The order book provides strong revenue visibility, with a total order value of ₹1086.79 crore as of September 30, 2026. This includes recognized revenue of approximately ₹585.44 crore and unrecognised revenue of ₹501.35 crore.
Project Portfolio and Growth Pipeline
Veegaland Developers maintains a diverse project portfolio, with 10 completed projects, 12 ongoing projects, and 3 upcoming projects. The company is part of the broader V-Guard Group, with a business legacy dating back to 1977. The current pipeline includes projects like Sarovar, Fortune, and East Fort, contributing to a developable area of 4,62,010 sq ft.
The financial highlights indicate sustained growth and strong execution capabilities, positioning Veegaland Developers for continued expansion in the real estate market.
Source: BSE
