Veefin’s PAT Grows 94% To INR 16.35 Cr In H2 FY25

Veefin’s H2 FY25 Profit Jumps 94% To INR 16.35 Cr

SUMMARY

The BSE SME listed company’s consolidated PAT for FY25 zoomed 112% to INR 20.52 Cr from INR 9.67 Cr in FY24

The company's operating revenue for the half zoomed 274% YoY to INR 59.51 Cr from INR 15.92 Cr in H2 FY24

For the full fiscal, the company's top line zoomed 222% YoY to INR 80.44 Cr

BSE SME-listed Veefin Solutions’ consolidated profit after tax (PAT) skyrocketed 94.2% to INR 16.35 Cr in the second half of the year ended March 31, 2025 (H2 FY25) from INR 8.42 Cr in the year-ago period.

This was a 292% jump from INR 4.17 Cr in H1 FY25.

The company’s operating revenue rose 274% to INR 59.51 Cr in H2 FY25 from INR 15.92 Cr in the corresponding period of the previous year. On a sequential basis, Veefin’s operating revenue grew 211% from INR 19.09 Cr.

Including other income of INR 1.70 Cr, the company’s total revenue stood at INR 61.21 Cr in the second half of FY25.

For the full fiscal year FY25, the fintech SaaS company’s profit more than doubled (112%) to INR 20.52 Cr from INR 9.67 Cr in FY24. Its top line stood at INR 80.44 Cr, up 222% from INR 24.99 Cr in H2 FY24.

Founded in 2020 by Gautam Udani and Raja Debnath, Veefin provides financial institutions and businesses with white-labelled tech to make supply chain financing processes more seamless.

It counts the likes of YES Bank, IndusInd Bank, Indian Bank, and Jio Financial Services among its clients

The company’s shares have jumped multifold since their listing on the SME platform at INR 82 apiece in 2023. Veefin’s shares ended today’s trading session at INR 314.90, up over 284% from their listing price and 4.98% from previous close.

The company also acquired companies like Nityo Tech, Estorifi Solutions, Infini, GlobeTF and Regime Tax Solutions in FY25.

In its investor presentation, Veefin gave a snapshot of the financial performance of its acquired companies in FY25:

Nityo Tech: It posted a profit of INR 4.71 Cr on a revenue of INR 32.50 Cr.

Estorifi Solutions: The consulting services provider incurred a loss of INR 3.06 Cr on a revenue of INR 20 Lakh.

Regime Tax Solutions: It clocked a revenue of INR 1.4 Cr and a loss of INR 77 Lakh.

Other Subsidiaries: Unnamed subsidiaries of the company registered a revenue of INR 2.77 Cr while bringing in a profit of INR 1.89 Cr.

All in all, Veefin seems hopeful of seeing returns from its subsidiary in the coming year. “The full impact of the acquisitions will be seen next year,” the company said in the investor presentation.

What Was Veefin Up To In H2 FY25?

The second half of FY25 saw Veefin make new announcements on acquisitions, fundraise, among other things. Here are some of the key highlights for the company:

In February, Veefin announced picking up a 49% stake in marketing and PR firm White Rivers Media for INR 166.6 Cr via its subsidiary Infinin Systems Ltd.
In the same month, the fintech SaaS company made a strategic acquisition of Dubai-based TradeAssets to help it enhance its clientele via cross-selling for TradeAssets clients.
In December, the BSE SME-listed company raised INR 136 Cr (around $16 Mn) from undisclosed capital market investors – its first fundraise since its public listing. The company said it would utilise the fresh capital to scale its product stack.
Marking its first overseas acquisition, Veefin picked up a 50% stake in Singapore-based GenAI startup Walnut AI Pte Ltd for $2 Mn (around INR 17 Cr) back in December 2024.