What was Veefin Solutions's revenue in Q4 FY26?

Veefin Solutions reported revenue of ₹131 Cr in Q4 FY26, a +89.6% change year-over-year.

Did Veefin Solutions management deliver on previous promises?

Scorecard data is being built as historical quarters are processed.

Veefin Solutions Q4 FY26 Research Workspace: Revenue ₹131 Cr (+89.6%)

Q: What guidance did Veefin Solutions management give?

25% pipeline conversion in H1 FY27: At least 25% of the $80M qualified pipeline expected to convert into deals over the next six months.

Revenue ₹131 Cr +89.6%

EBITDA ₹38 Cr +122%

PAT ₹16 Cr

EBITDA Margin 26% +800bps

Duration 62 min

Read Time 1 min read

✓ Verified against BSE filing

2-Minute Summary

✦ AI-Generated from Full Transcript

Veefin Solutions reported a strong Q4 FY26 with standalone revenue of ₹70.74 crore (up ~90% YoY) and EBITDA of ₹38 crore (up 122% YoY), with EBITDA margins expanding 800 bps to 53.89%. The growth was driven by scaling of the core supply chain finance business and early traction from new products (trade finance, cash management, LOS, LMS). Management highlighted a qualified enterprise pipeline of $80 million, with 75% non-SCF and 70% international, signaling successful multi-product platform positioning. FY27 guidance focuses on execution and conversion of this pipeline, with at least 25% expected to convert in H1. Capex is expected to decline as the product investment cycle nears completion. Key risks include execution delays in converting the large pipeline and potential governance issues at a small subsidiary (Epic Indifi) under arbitration.

Risks4 trackedTranscriptfull text

Research workspace

Focused Modules

!Risks 4 risks

Risk Intelligence

Pipeline conversion delays

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Quarter Snapshot

Qualified Enterprise Pipeline $80M

+33% QoQ

Pipeline across 58 active banking opportunities; 75% non-SCF, 70% international.

PSB Exchange Cumulative Requirements ₹22,000 Cr

+57% YoY

Cumulative credit requirements requested on the platform; approved limits at ₹5,400 Cr.

PSB Exchange Lender Integrations 32

+3 live, 5 WIP

3 lenders fully live, 5 work-in-progress; 42 sourcing partner integrations tracked.

Multi-product Pipeline Share 47%

+12pp YoY

27 of 58 banks evaluating more than one product module, up from 35% last year.

Fast read

Guidance and risk preview

Top guidance 25% pipeline conversion in H1 FY27

At least 25% of the $80M qualified pipeline expected to convert into deals over the next six months.

Top risk Pipeline conversion delays

The $80M pipeline may not convert as expected; management only guided 25% conversion in H1, leaving significant uncertainty.