Veegaland Developers Reports Q2 FY27 Net Profit of 1,598.80 Lakhs
RESULTS
▲ Positive Development
LOW RISK
📅 Filed on BSE: 05 Nov 2026, 02:49 PM IST · BSE ID: 54d9995a-a3fc-4ea2-b600-1f77488f20c6
View Original BSE Filing (PDF)
💡
In Simple Terms
Veegaland Developers reported strong profits for the last quarter, following its recent stock market listing in September 2026.
🤖 AI Summary
- Veegaland Developers reported a Net Profit of 1,598.80 Lakhs for the quarter ended September 30, 2026 (Q2 FY27).
- Revenue from Operations for Q2 FY27 was 10,634.29 Lakhs, with total income at 10,477.04 Lakhs.
- Profit Before Tax for Q2 FY27 stood at 2,146.54 Lakhs; Basic EPS was Rs. 4.46 per share for the quarter.
- The company completed its IPO of 1,50,00,000 equity shares, listed on September 18, 2026, raising 21,000 Lakhs.
- Paid-up Equity Share Capital increased to 4,875.00 Lakhs as of September 30, 2026.
🔢 Key Numbers - exact figures from BSE filing, not rounded
Revenue from Operations (Q2 FY27)
10,634.29 Lakhs
Net Profit (Q2 FY27)
1,598.80 Lakhs
Basic EPS (Q2 FY27)
Rs. 4.46
Total Income (Q2 FY27)
10,477.04 Lakhs
Paid-up Equity Share Capital (Sep 30, 2026)
4,875.00 Lakhs
Total Assets (Sep 30, 2026)
70,922.54 Lakhs
Net Cash from Operating Activities (Half Year FY27)
75.24 Lakhs
IPO Proceeds
21,000.00 Lakhs
🏢 How This Affects the Company
The company's revenue from operations increased to 10,634.29 Lakhs in Q2 FY27, indicating growth in its core business activities post-IPO.
Net profit for Q2 FY27 was 1,598.80 Lakhs, contributing to a half-year net profit of 2,571.12 Lakhs. The IPO proceeds of 21,000 Lakhs significantly boosted cash and cash equivalents to 9,234.86 Lakhs.
The IPO proceeds are allocated for funding ongoing projects (11,982.54 Lakhs) and unidentified land acquisitions, which could support future operational expansion.
The increase in current tax expense to 454.00 Lakhs in Q2 FY27 indicates higher taxable income, while borrowings decreased from 5,847.99 Lakhs (March 31, 2026) to 3,631.26 Lakhs (September 30, 2026), potentially reducing financial risk.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required from shareholders based on this financial results filing.
👤
Who Is Affected
Shareholders benefit from the company's strong financial performance with increased profits and revenue. The recent IPO added 1,50,00,000 equity shares to the market.
🔍
Management Signal
The Board's approval of results and the IPO completion indicate management's focus on capitalisation and execution of growth strategies, including funding for ongoing and future projects.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List - track these upcoming events
Q3 FY27 financial results — monitor utilisation of IPO funds for projects.
Updates on unidentified land acquisitions funded by IPO proceeds.
Annual General Meeting announcements — for future strategic directions.
LOW RISK
Strong financial results and recent capital infusion from IPO support company stability.
💡 Investor Takeaway
Veegaland Developers reported Q2 FY27 net profit of 1,598.80 Lakhs, up from 831.22 Lakhs in Q2 FY26. Revenue from operations reached 10,634.29 Lakhs. The company completed its IPO on September 18, 2026, raising 21,000 Lakhs.
⚖️ Strengths & Concerns
✅ Positives
- Net Profit for Q2 FY27 increased to 1,598.80 Lakhs from 831.22 Lakhs in Q2 FY26, representing substantial growth.
- The company's IPO raised 21,000 Lakhs, contributing to a significant increase in cash and cash equivalents to 9,234.86 Lakhs.
⚠️ Concerns
- Unutilised IPO proceeds as of September 30, 2026, amount to 18,868.29 Lakhs, including 11,982.54 Lakhs for ongoing projects.
- Other financial assets increased to 9,760.84 Lakhs from 4,462.64 Lakhs as at March 31, 2026, tying up capital.
📅 Company Track Record
Veegaland Developers Limited was recently listed on BSE and NSE on September 18, 2026, following an Initial Public Offering (IPO) of 1,50,00,000 equity shares. Limited public track record is available prior to this listing. The company previously undertook a Rights Issue in Q2 FY26 and a 4:1 bonus share issue.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Veegaland Developers' net profit for Q2 FY27?
Veegaland Developers reported a net profit of 1,598.80 Lakhs for the quarter ended September 30, 2026 (Q2 FY27), compared to 831.22 Lakhs in the same quarter last year.
What was Veegaland Developers' revenue from operations in Q2 FY27?
Revenue from operations for Veegaland Developers in Q2 FY27 was 10,634.29 Lakhs, with total income for the quarter at 10,477.04 Lakhs.
When did Veegaland Developers complete its Initial Public Offering (IPO)?
Veegaland Developers completed its IPO of 1,50,00,000 equity shares, which were listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on September 18, 2026.
How much capital did Veegaland Developers raise from its IPO?
The Initial Public Offering (IPO) by Veegaland Developers aggregated to Rs. 21,000 Lakhs, comprising a fresh issue of the company's equity shares.
What was the Basic Earnings Per Share (EPS) for Veegaland Developers in Q2 FY27?
The Basic Earnings Per Share (EPS) for Veegaland Developers for the quarter ended September 30, 2026 (Q2 FY27) was Rs. 4.46 per share.
Questions based on this BSE filing only. For information purposes.