Results · Enterprise Software & IT

Veefin Q4 profit jumps 106.5%, FY26 revenue up 339%

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Q4 FY26 net profit rose 106.5% QoQ to ₹16 Cr, with operating revenue up 26.6% to ₹131.3 Cr

FY26 net profit grew 96% to ₹31.96 Cr, while revenue from operations surged 339% to ₹345.1 Cr

A subsidiary dispute with Epikindifi's promoters led to consolidation changes in Q4

Veefin Solutions reported a Q4 FY26 consolidated net profit of ₹16 Cr, up 106.5% from ₹7.8 Cr in Q3 FY26.
Q4 FY26 operating revenue came in at ₹131.3 Cr, up 26.6% from ₹103.7 Cr in the prior quarter.
Total income for Q4 FY26 was ₹136.6 Cr, including other income of ₹5.3 Cr.
Total expenses for Q4 FY26 rose 17.1% to ₹107.4 Cr from ₹91.8 Cr in Q3 FY26.
No year-on-year comparison was disclosed for Q4 because the company only started quarterly reporting in December 2025.
For the full year FY26, net profit was ₹31.96 Cr, up 96% from ₹16.25 Cr in FY25.
FY26 revenue from operations jumped 339% to ₹345.1 Cr from ₹78.6 Cr in FY25.
A dispute between subsidiary Estorifi Solutions and promoters of step-down subsidiary Epikindifi Software & Solutions arose in Q4 FY26 over governance and control rights.

The company's revenue growth of 339% in FY26 reflects rapid scaling of its supply chain finance SaaS business.
Profit growth of 96% in FY26 outpaced many peers, but expenses also grew sharply, including a 13.3X rise in software and server costs.
The Epikindifi dispute led to its accounts not being consolidated after Q3 FY26, which may affect future reported numbers.
The company raised ₹94 Cr via preferential allotment in September 2025, its second fundraise since its 2023 IPO.

Veefin Solutions offers supply chain financing and digital lending solutions to banks, financial institutions, fintechs, B2B marketplaces, and enterprises.
The company operates as a software-as-a-service (SaaS) provider, meaning clients pay for software on a subscription basis.
It has expanded its fintech SaaS stack through stakes in White Rivers Media, Walnut AI, and EpikInDiFi.
In September 2025, Veefin announced a merger with Estorifi, which connects corporates and SMEs with banks and NBFCs for working capital needs.
The company is listed on the BSE SME exchange, as indicated by its stock trading there.