Veefin Solutions H1 Profit Rises to About Rs 25 Crore
The BSE SME-listed fintech software firm more than doubled revenue in April to September 2026.
Key Takeaways
- Consolidated H1 FY27 net profit was about Rs 25 crore, up about 127%
- Revenue from operations rose to about Rs 238.8 crore from about Rs 110.4 crore
- Q2 profit was about Rs 15.3 crore, up about 61% from the June quarter
- Last year's figures were restated after Veefin adopted Ind AS
- The results are unaudited and were approved by the board on 26 October 2026
Veefin Solutions, a fintech software company listed on the BSE SME platform, reported a consolidated net profit of about Rs 25 crore for the six months from April to September 2026 (H1 FY27). That is about 2.3 times the roughly Rs 11 crore it made in the same period a year earlier. The board approved the unaudited results on 26 October 2026.
Revenue from operations rose to about Rs 238.8 crore from about Rs 110.4 crore, which is more than double. In the second quarter alone, profit was about Rs 15.3 crore, up about 61% from about Rs 9.5 crore in the first quarter.
Veefin Solutions H1 FY27 at a glance
| Detail | Value |
|---|---|
| Period | Six months ended 30 September 2026 (unaudited, consolidated) |
| Net profit | About Rs 25 crore (Rs 24.85 crore), up about 127% from about Rs 11 crore |
| Revenue from operations | About Rs 238.8 crore, up about 116% from about Rs 110.4 crore |
| Total income | About Rs 240.6 crore, against about Rs 112.1 crore |
| Profit before tax | About Rs 35.3 crore, up about 152% |
| Total expenses | About Rs 205.3 crore, up about 109% from about Rs 98 crore |
| Q2 FY27 profit | About Rs 15.3 crore, up about 61% from the June quarter |
| Q2 FY27 revenue from operations | About Rs 124.7 crore, up about 9% from about Rs 114.2 crore |
Veefin Solutions revenue and costs in the first half
Revenue from operations grew by about 116%, while total expenses grew by about 109%. Profit before tax rose by about 152% and net profit by about 127%.
Against the second half of FY26 (October 2025 to March 2026), revenue was about 3% higher than about Rs 232.7 crore, and net profit was about 9% higher than about Rs 22.8 crore.
What Veefin sells to banks and lenders
Veefin builds software for banks and financial institutions. Its products cover digital lending, transaction banking and supply chain finance.
The company is headquartered in Mumbai and is led by managing director Raja Debnath. Its filings are made for the consolidated group, which includes its subsidiaries, as well as for the parent company alone. The figures in this article are the consolidated ones.
Veefin's timeline from incorporation to H1 FY27
| When | What happened |
|---|---|
| 2020 | Veefin Solutions is incorporated |
| November 2025 | Reports H1 FY26 net profit of about Rs 8.2 crore on revenue of about Rs 110 crore, under its earlier accounting basis |
| 1 April 2026 | Voluntarily adopts Ind AS, and restates its earlier numbers |
| 26 October 2026 | Board approves H1 FY27 results |
Why Veefin's H1 FY26 numbers were restated
The H1 FY26 profit now shows as about Rs 11 crore, not the about Rs 8.2 crore reported last November. The difference comes from the company's first-time move to Ind AS, after which it restated last year's figures. The 2.3 times and 127% growth rates use the restated base, so they are not directly comparable with the older reports.
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