Veegaland Developers Limited — Q2FY27 earnings call summary

Filed 12 November 2026 · Official transcript

Project launches planned in Q3FY27; new land acquisitions targeted with 6-9 months launch timeline
Luxe series projects with higher margins contributed to margin expansion; margins expected to remain stable
Land bank of ~6.4 acres mainly in Kochi and Kozhikode; 12 ongoing and 3 upcoming projects
INR500 Cr unrecognized revenue visibility till FY31; strong pre-sales momentum continues
Sales momentum supported by strong NRI demand and digital marketing generating 10,000 leads/month
Q2FY27 revenue grew 28.7% y-y to INR106.34 Cr; EBITDA rose 77% to INR22.78 Cr; PAT up 92% to INR15.99 Cr
H1FY27 revenue increased 45% y-y to INR180.66 Cr; EBITDA up 96% to INR37.09 Cr; PAT grew 123% to INR25.71 Cr
EBITDA margin improved by 550 bps to 20.9% in Q2; PAT margin rose 470 bps to 14.7%