Veefin Solutions Limited (BSE: 543931) reported significant growth in its consolidated financial results for the quarter and nine months ended December 31, 2025. The company, a global provider of enterprise software to banks and non-banking financial companies (NBFCs), saw its consolidated revenue from operations reach ₹103.74 crore for the quarter. This performance reflects the company’s successful strategy of monetizing its core supply chain finance (SCF) products while scaling its IP investments in trade finance and loan management systems.
During the quarter, Veefin undertook several corporate restructuring and capital-raising initiatives to fuel its next phase of growth. The board approved a merger of its subsidiaries, Estorifi Solutions Limited and GlobeTF Solutions Limited, into the parent entity to streamline operations. Additionally, the company strengthened its capital base through the issuance of 11.12 lakh convertible warrants and a preferential allotment of 11.46 lakh equity shares at an issue price of ₹391 per share, primarily to promoters and strategic investors.
Financial Performance
The company’s financial metrics highlighted a divergence between standalone profitability and consolidated scale:
Consolidated Results (Q3 FY26): Revenue from operations stood at INR 103.74 crore with an EBITDA of INR 20.71 crore. The consolidated EBITDA margin was 19.96% for the quarter. Profit after tax (PAT) for the quarter was INR 7.78 crore.
Standalone Results (Q3 FY26): Standalone operations showcased higher efficiency, with revenue of INR 20.19 crore and an EBITDA margin of 58.25%. Standalone PAT was INR 6.00 crore.
Full-Year Context (9M FY26): For the nine-month period, consolidated revenue reached INR 213.78 crore compared to INR 79 crore for the full fiscal year 2025, indicating substantial year-over-year growth driven by business expansion.
Business Strategy
Veefin’s growth strategy is centered on a “Unified Working Capital and Transaction Banking Stack” built on a shared codebase (Veefin 4.0 architecture). The company’s management is focusing on:
Monetizing Core Engines: Leveraging established SCF and trade finance products to fund research and development for new IP.
Strategic IP Investments: Developing large-ticket systems such as Cash Management and Loan Management Systems (LMS).
Entry & Differentiator Tools: Utilizing lightweight modules like Loan Origination Systems (LOS) and Gen-AI solutions to facilitate fast client entry and cross-selling opportunities.
Global Expansion: With clients in over 24 countries, the company continues to target high-growth markets in South Asia, South East Asia, and the GCC region.
Market Position and Strategic Ecosystem Expansion
The fintech sector continues to benefit from the digitalization of banking services. Veefin is positioning itself as a leader in the Supply Chain Finance (SCF) space, recently receiving the “Most Innovative SCF Solution” award from Euromoney. Its “PSB Xchange” platform is gaining momentum with 19 anchor corporates and a growing ecosystem of 79 sourcing partners, aiming to facilitate national-scale credit deployment in India.