During Monday’s trading session, the shares of a global leader in providing technology solutions for the BFSI sector hit a 5 percent upper circuit on BSE, after reporting H2 FY25 financial results with a growth in revenue from operations by around 213 percent HoH and 272 percent YoY.
Price Movement
With a market cap of Rs. 755 crores, the shares of Veefin Solutions Limited hit a 5 percent upper circuit at Rs. 314.9 on BSE, compared to its previous closing price of Rs. 299.95.
So far in 2025, the stock has delivered negative returns of around 51 percent, but has gained by over 17 percent in the last one month.
What’s the News
The fluctuations in the share prices were observed after Veefin Solutions Limited announced the financial results for H2 FY25, through the latest filings with the BSE on Monday during market hours.
For H2 FY25, Veefin Solutions reported a consolidated revenue from operations of Rs. 59.5 crores, reflecting a rise of around 213 percent HoH from Rs. 19 crores in H1 FY25, and a year-on-year growth of around 272 percent from Rs. 16 crores in H2 FY24.
Similarly, the net profit also grew to Rs. 12 crore in H2 FY25, a 190 percent increase over the Rs. 4.13 crore reported in the previous quarter, and a 87.5 percent rise compared to Rs. 6.4 crore in H2 FY24.
Previous Updates
1st April: Four leading public sector banks, Bank of Baroda, Central Bank of India, Indian Overseas Bank, and UCO Bank, have signed up for the world’s largest unified Supply Chain Finance (SCF) platform, PSBXchange by PSB Alliance, developed and powered by Veefin Solutions.
This platform is on track to become the common technology bridge for all banks and NBFCs in the country to source and provide supply chain finance and small business loans. This unified platform is a global-first that will connect Fintechs, B2B marketplaces, Accounting Service Providers, and new-age data providers with the core banking system of multiple lenders.
About the Company
Veefin Solutions Limited is engaged in the business of providing innovative digital lending and Supply Chain Finance (SCF) technology product solutions to a wide range of clients globally, including banks, non-banking financial institutions, fintechs, marketplaces, and corporates.
Written by Shivani Singh
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