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Veranda Learning Solutions Results: Latest Quarterly Results & Analysis

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Veranda Learning Solutions Ltd. 28 Oct 2025 14:25 PM
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Q2FY26 Quarterly Result Announced for Veranda Learning Solutions Ltd.

IT Training Services company Veranda Learning Solutions announced Q2FY26 results

  • Revenue from Operations for Q2FY26 stood at Rs 126.7 crore, marking a robust growth of 10% YoY.
  • Gross Profit stood at Rs 77.7 crore, translating into a gross margin of 61%.
  • EBITDA: Rs 48.3 crore. with EBITDA margins expanding by 1017 bps, reaching 38%.
  • PAT: Rs 23.3 crore for the quarter, up 185% YoY.

Suresh S. Kalpathi, Executive Director & Chairman of Veranda Learning Solutions, said: “We have completed the first half of the year with strong momentum, driven by consistent growth in student enrolments, expansion of course offerings, and the successful launch of new programs across both online and offline platforms. Our Q2 and H1FY26 performance has been exceptional, with top-line and bottom-line growth of 19% and 182% YoY in Q2, and 20% and 148% YoY in H1, underscoring the success of our continued focus on operational excellence and strategic expansion.

All our business segments delivered strong results, and with the completion of the approval of commerce demerger and vocational divestment, we are now better positioned to strengthen and scale our core verticals- Academics and Government Test Preparation.

Looking ahead to Q3, our priorities include enhancing faculty capabilities, accelerating digital-led admissions, deepening partnerships with universities and corporates, introducing high-value courses, and optimizing marketing efforts. Through these initiatives, we aim to sustain robust growth, improve operational efficiency, and continue creating long-term value across all our verticals.”

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IT Training Services company Veranda Learning Solutions announced Q1FY26 results

  • Revenue from Operations for Q1FY26 stood at Rs 139 crore, marking a 17% YoY growth, driven by sustained momentum across offerings. Gross Profit rose to Rs 93 crore, translating into a robust gross margin of 67%.
  • The Company reported an EBITDA of Rs 55 crore- a sharp 98% YoY increase from Q1FY25. EBITDA margins expanded by 1600 bps, reaching 40%, reflecting strong operating leverage and disciplined cost control.
  • Continued efforts to adopt an asset-light model, and deleverage the balance sheet contributed to another positive PAT of Rs 6 crore which is up 123% YOY, reinforcing a sustainable and profitable growth trajectory.

Suresh S. Kalpathi, Executive Director & Chairman, Veranda Learning Solutions, said: “We’ve begun FY26 on a strong note, reflecting the momentum of our organic growth strategy. Q1 revenue grew by an impressive 17% YoY, reaffirming the scalability of our core platforms. This was complemented by a 98% surge in EBITDA to Rs 55 crore and a sharp turnaround in profitability, with PAT rising 123% YoY to Rs 6 crore. These results underscore the impact of our sharpened focus on operational efficiency and business expansion.

Looking ahead, we’re optimistic about Q2. Early indicators suggest sustained demand and improving seasonality, which position us for an even stronger performance in the coming quarter.

We are confident of achieving our FY26 EBITDA target. Our focus remains on scaling offerings, deepening our presence in highpotential geographies, and expanding access to global certifications. With a solid foundation in place, we are well-positioned to deliver sustained value and reinforce our leadership in the education sector.”

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IT Training Services company Veranda Learning Solutions announced Q4FY25 & FY25 results

Q4FY25 Financial Highlights:

  • Q4FY25 Revenue from Operations stood at Rs 114.1 crore, up 11% YoY, with Gross Profit rising to Rs 71.4 crore and margin of 62.5%.
  • The expense for Q4FY25 includes one-time Expected credit loss and Non-cash ESOP expense of Rs 3.7 crore and other income included a gain on remeasurement of financial liability Rs 29.5 crore Post the above, the adjusted EBITDA for the quarter ended stood at Rs 25.6 crore
  • The Company reported an adjusted EBITDA of Rs 25.6 crore in Q4FY25 compared to Rs 11.9 crore in Q3FY25 (preadjusted).
  • The Finance cost for the quarter stood at Rs 35.7 crore, which includes Rs19.8 crore cash interest (including accrued premium) on the NCDs raised by the company and other borrowings, Rs 4.28 crore towards interest on lease liabilities and Rs 11.6 crore of non-cash expenses the acquisition related liabilities
  • The Depreciation cost for the quarter stood at Rs 17.7 crore This includes non-cash expense of Rs 10.3 crore arising out of amortization of intangible assets pertaining to the acquisitions completed

FY25 Financial Highlights:

  • FY25 Total Revenue (pre-adjustment) surged 35.6% YoY to Rs 502.0 crore, driven by broad-based growth. PAT jumped 121.9%, supported by operational gains and fair value remeasurement-led other income.
  • For FY25, EBITDA (Pre-Adjustment) stood Rs 99.2 crore, marking a substantial 59.1% year-on-year increase from Rs 62.3 crore in FY24, highlighting the company's strong operational momentum and strategic execution.

Suresh S. Kalpathi, Executive Director and Chairman of Veranda Learning Solutions, added, “We have made significant strides in our journey to become a leading player in the education sector. With the successful execution of the first phase of our growth strategy, we have built a robust portfolio of trusted brands and offerings that span the full academic lifecycle of a student. This marks the conclusion of our acquisition-led growth journey, as we now transition into the next phase—focusing on organic expansion by scaling our existing platforms and deepening our market presence.

In Q3, we successfully concluded the first phase of our strategy by building a strong portfolio of student-focused brands. This marked the end of our acquisition-led expansion, with a pivot toward organic growth and operational synergies. We undertook a strategic review of intangibles, leading to one-time non-cash adjustments for improved transparency. Despite seasonality and exam shifts impacting performance, we laid the groundwork for a stronger FY26 and beyond.

As committed, we’ve delivered a standout Q4 performance driven by sharp execution of our strategic priorities. Crossing the Rs 500 Cr revenue mark is a pivotal milestone—signaling enhanced operational efficiency, financial discipline, and the strength of our scalable model. We also successfully closed two key acquisitions—BB Virtuals and Navkar Digital—further strengthening our leadership in the commerce education space. In addition, the completion of a preferential equity raise has reinforced our balance sheet. Looking ahead, we remain focused on scaling across verticals, with an emphasis on digital offerings, global certifications, and regional expansion—positioning us well for sustained growth and long-term value creation.”

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