3 days ago
Veegaland Developers Q1 Revenue Rises 79%, PAT Margin Improves
Veegaland Developers reported higher revenue for the quarter ending 30 June 2026.
Its revenue from operations was ₹7,432 lakh, 79% higher than a year earlier.
The company also made more from its operations before interest, taxes, depreciation and amortisation.
Its profit after tax was ₹972 lakh.
The share of revenue left as profit after tax rose to 12.86%, from 7.65% a year earlier.
During the quarter, the company started a new housing project in Kochi called Veegaland Amora.
The project added 1.59 lakh square feet to its ongoing projects.
A company executive said sales demand and project execution were strong.
The company plans to expand in Kerala and said it has three upcoming projects and 6.5 acres of land reserves.
Revenue from operations rose 79% year over year to ₹7,432 lakh for the quarter ended 30 June 2026.
Gross profit was ₹2,099 lakh, with a gross profit margin of 28.25%.
EBITDA increased 135% year over year to ₹1,431 lakh, with an EBITDA margin of 18.93%.
Profit after tax reached ₹972 lakh, and the PAT margin rose to 12.86% from 7.65% a year earlier.
The company launched Veegaland Amora in Kochi, adding 1.59 lakh square feet to its ongoing-project portfolio.
- Who
- Veegaland Developers Limited; its Executive Vice-Chairman, Kochouseph Chittilappilly, commented on the results.
- What
- The company reported unaudited quarterly results, including 79% revenue growth, and launched Veegaland Amora.
- Where
- The new project, Veegaland Amora, was launched in Kochi, Kerala.
- When
- For the quarter ended 30 June 2026; the announcement was made on Thursday.
- Why
- The company attributed its confidence in expansion to strong sales demand and project execution, and cited a pipeline of three upcoming projects and 6.5 acres of land reserves.
Key facts
- Revenue from operations
- ₹7,432 lakh; up 79% year over year
- Gross profit
- ₹2,099 lakh
- Gross profit margin
- 28.25%
- EBITDA
- ₹1,431 lakh; up 135% year over year
- EBITDA margin
- 18.93%
- Profit after tax
- ₹972 lakh
- PAT margin
- 12.86%, compared with 7.65% in the year-ago quarter
- New project
- Veegaland Amora in Kochi added 1.59 lakh square feet to ongoing projects
Sources
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