Veegaland Developers Limited (VEEGALAND) has announced its unaudited financial results for the quarter ended 30 June 2026, showcasing a remarkable 79% year-on-year increase in revenue from operations. The company’s robust sales demand and efficient project execution have driven this growth, contributing to revenue from operations of Rs. 7,432 lakhs. This impressive performance is further highlighted by the company’s stable gross margins of 28% and an EBITDA margin of 19%.

Financial Highlights

The company’s EBITDA rose to Rs. 1,431 lakhs, marking a significant 135% year-on-year increase. The profit after tax (PAT) margin also improved from 7.65% to 12.86%, reflecting the company’s efficient cost management and operational efficiency. Notably, these strong financial results were achieved despite ongoing uncertainties in the Middle East, a key market for the company.

Project Pipeline and Future Outlook

The board of directors, in a meeting held in Kochi, approved these financial results and expressed confidence in the residential real estate market in Kerala. The company’s strong project pipeline, including 3 upcoming projects and 6.5 acres of land reserves, provides clear visibility for medium-term growth. Mr. Kochouseph Chittilappilly, Executive Vice-Chairman, emphasized the company’s commitment to expanding its presence in the region.

Looking forward, Veegaland Developers Limited remains optimistic about its growth prospects, driven by its strategic initiatives and the robust demand in the real estate sector.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Veegaland Developers Limited

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