Veegaland Developers Q1 FY27: revenue up 79.1% to ₹74.32 Cr, PAT up 202.6%, pre-sales ₹129.85 Cr

Q1 FY27 revenue up 79.1% to ₹74.32 Cr, PAT up 202.6% to ₹9.72 Cr, pre-sales up 64.8% to ₹129.85 Cr.

Tue 6 Oct 2026

Revenue from operations

₹74.32 Cr, up 79.1% YoY

PAT

₹9.72 Cr, up 202.6%

Pre-sales

₹129.85 Cr on 1,46,786 sq ft

Period

Q1 FY27

Positioning

A Kochi and Kozhikode residential developer with 25 projects completed, ongoing and upcoming, 18.58 lakh sq ft under development across 12 ongoing projects.

📉 Q1 FY27 revenue from operations was ₹74.32 Cr, up 79.1% YoY; EBITDA ₹14.31 Cr (margin 18.9%, up 441 bps YoY) and PAT ₹9.72 Cr, up 202.6%. Pre-sales reached ₹129.85 Cr on 1,46,786 sq ft, and gross collections ₹70.97 Cr, though collections fell 21.4% QoQ from a high Q4 base.

💰 Average realisation rose 17.5% YoY to ₹8,886 per sq ft, and debt-equity eased to 0.26x from 0.32x. ROE (3.58%) and ROCE (4.05%) are not annualised.

📋 The company says its ₹910 Cr order book, of which ₹431 Cr is yet to be recognised, gives revenue visibility as revenue flows to the P&L with construction progress under percentage-of-completion.

🔬 The presentation lists a Q1 launch, Veegaland Amora in Maradu, Kochi (est. developable value ₹150 Cr), plus three upcoming projects of 4,62,010 sq ft with estimated GDV of ₹450 Cr, where land is acquired and approvals are in progress.

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