Veegaland Developers post 79% rise in revenue in Q1 FY27

SENSEX 74,315.61

+ 1,533.72

NIFTY 22,997.35

+ 374.65

CRUDEOIL 9,270.00

+ 154.00

GOLD 147,484.00

+ 1,636.00

SILVER 210,700.00

+ 2,362.00

SENSEX 74,315.61

+ 1,533.72

NIFTY 22,997.35

+ 374.65

NIFTY 22,997.35

+ 374.65

CRUDEOIL 9,270.00

+ 154.00

CRUDEOIL 9,270.00

+ 154.00

GOLD 147,484.00

+ 1,636.00

'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth(); THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.

The company says that all ongoing projects progressed as per schedule, resulting in steady progress in their respective percentages of completion and contributing to the strong revenue growth

By BL Kochi Bureau

Updated - October 16, 2026 at 01:49 AM.

Veegaland Developers Ltd has registered 79 per cent rise in its revenue from operations in Q1 of FY27.

Veegaland Developers Ltd has registered 79 per cent rise in its revenue from operations in Q1 of FY27, supported by strong sales growth and robust project progress.

The company said that all ongoing projects progressed as per schedule, resulting in steady progress in their respective percentages of completion and contributing to the strong revenue growth. During the quarter, it launched one new project in Kochi, Veegaland Amora, adding 1.59 lakh square feet to its portfolio of ongoing projects.

Kochouseph Chittilappilly, Executive Vice-Chairman said the quarter ended June 30 saw strong sales demand and robust project execution, representing a revenue growth of 79 per cent contributing to revenue from operations of ₹74.32 crore. The stable gross margins, along with the increase in scale of operations, have resulted in improved profit margins, with the PAT margin standing at 12.86 per cent.

It is to be noted that such strong sales performance has been achieved amidst ongoing uncertainties in the Middle East, which has been a strong source of demand for the Company, evidencing no signs of market risk arising out of the same, he said adding that the strong project pipeline of 3 upcoming projects and 6.5 acres of land reserves provide the company with clear visibility for the medium-term growth into the future.

Published on October 7, 2026

THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS. THIS AD SUPPORTS OUR JOURNALISM. SUBSCRIBE FOR MINIMAL ADS.Sign into Unlock benefits!

• Access 10 free stories per month
• Get notified by email for early preview to new features, discounts & offers