Veefin Solutions H2: Net profit up 54% to ₹10 cr

Veefin Solutions, a working capital technology platform, has reported that its net profit in the second half of FY’25 was up 54 per cent to ₹10 crore.

The company’s income nearly tripled to ₹61 crore. EBITDA more than doubled to ₹20 crore. Listed on BSESME platform, the company is mandated to announce results every six months.

Veefin offers comprehensive solutions across Supply Chain Finance, Digital Lending, Trade Finance and Cash Management.

In FY’25, the company’s net profit was up 81 per cent to ₹13 crore as income more than doubled to ₹80 crore. EBITDA was up 142 per cent to ₹26 crore.

Shares of the company gained five per cent to ₹347 on Wednesday.

Raja Debnath, Chairman & Managing Director, Veefin Solutions said the company has made significant progress across key verticals including the expansion of AI-driven credit decisioning stack through the acquisition of Walnut and the rollout of our PSBXchange platform, now powering the world’s largest unified SCF ecosystem with India’s leading public sector banks.

“Our global footprint also grew with new mandates from financial institutions in Africa and the Middle East, validating our relevance in diverse banking ecosystems,” he added.

Gautam Udani, Whole-Time Director, Veefin Solutions said over the next 24 months, the company will expand core offerings to newer markets, simplify corporate structure and ensure the highest form of governance across the group.

Leading public sector banks including Bank of Baroda, Central Bank of India, Indian Overseas Bank and UCO Bank have joined Veefin developed PSBXchange to offer MSME financing through the world’s largest unified supply chain financing platform.

Published on April 30, 2025