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Veranda Learning Solutions Limited special call summary

NSE: VERANDA · BSE: 543514

Special call of 15 Sep 2025, summarised by AI from the filing.

Veranda to demerge commerce business into J.K. Shah Commerce Education, targeting 35%+ growth and debt-free listing.

Key takeaways

  1. Demerger Commerce business to demerge into J.K. Shah Commerce Education Limited; shareholders get 1 JKSC share per Veranda share.
  2. Debt Principal debt reduced from INR435-440 cr to INR125-130 cr after INR310 cr repayment; JKSC to be debt-free.
  3. Growth driver Industry demand for commerce professionals growing 35-40% driven by domestic economy and GCC cost arbitrage.
  4. Risk Local players and individual professors exist in all markets and can compete.

Original filing on BSE

Veranda Learning Solutions Limited Q1 FY27 results

As filed: Revenue ₹150 cr (+8% year on year), EBITDA ₹51.9 cr (+37% year on year), PAT ₹33.9 cr (+300% year on year), EBITDA margin 34.7% (+737 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹132 cr (+16% year on year), EBITDA ₹47.0 cr (+135% year on year), PAT ₹15.7 cr (+300% year on year), EBITDA margin 35.5% (+1,000 bps). Score 54 of 100, In line with trend. Revenue growth was below the company's own trend; EBITDA growth was above it. EBITDA margin rose 1000 bps year on year. Other income 36% of PBT. Tax rate 39%. Consolidated profit +96% but standalone -141%. Revenue rose ₹18.4 cr on a year ago, more than the ₹11.0 cr it added the year before. Share price after the results: −0.6% in 30 days (Nifty 500: +1.5%).
  • Q3 FY26: Revenue ₹117 cr (+18% year on year), EBITDA ₹42.0 cr, PAT ₹12.6 cr, EBITDA margin 36.0% (+1,000 bps). Score 37 of 100, Below trend. Revenue growth was below the company's own trend. EBITDA margin rose 1000 bps year on year. Other income 43% of PBT. Revenue fell 8% from last quarter. Share price after the results: −17.4% in 28 days (Nifty 500: −4.0%).
  • Q2 FY26: Revenue ₹127 cr (−9% year on year), EBITDA ₹46.0 cr (+64% year on year), PAT ₹96.0 cr, EBITDA margin 36.2% (+1,000 bps). Score 40 of 100, Below trend. Revenue growth was well below the company's own trend; EBITDA growth was in line with it. EBITDA margin rose 1000 bps year on year. Tax rate 7%. Revenue fell 9% from last quarter. Share price after the results: −21.3% in 30 days (Nifty 500: +0.4%).
  • Q1 FY26: Revenue ₹139 cr (+17% year on year), EBITDA ₹38.0 cr (+90% year on year), PAT ₹6.0 cr, EBITDA margin 27.3% (+1,000 bps). Score 38 of 100, Below trend. Revenue growth was below the company's own trend; EBITDA growth was in line with it. EBITDA margin rose 1000 bps year on year. Other income 213% of PBT. Profit fell 25% from last quarter. Share price after the results: −11.5% in 30 days (Nifty 500: −0.2%).
  • Q4 FY25: Revenue ₹114 cr (+11% year on year), EBITDA ₹20.0 cr (−13% year on year), PAT ₹8.0 cr, EBITDA margin 17.5% (−479 bps). Score 10 of 100, Below trend. Revenue growth was well below the company's own trend. EBITDA margin fell 479 bps year on year. Other income 780% of PBT. Tax rate -60%. Share price after the results: −5.4% in 30 days (Nifty 500: +3.7%).
  • Q3 FY25: Revenue ₹99.0 cr (+8% year on year), EBITDA −₹32.0 cr (−300% year on year), PAT −₹203 cr, EBITDA margin -32.3% (−1,000 bps). Score 11 of 100, Below trend. Revenue growth was well below the company's own trend. EBITDA margin fell 1000 bps year on year. Revenue fell 29% from last quarter. Revenue rose ₹7.0 cr on a year ago, against ₹44.0 cr the year before.
  • Q2 FY25: Revenue ₹139 cr (+42% year on year), EBITDA ₹28.0 cr (+100% year on year), PAT −₹30.0 cr, EBITDA margin 20.1% (+586 bps). Score 15 of 100, Below trend. EBITDA margin rose 586 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Veranda Learning Solutions Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.