Veranda Learning Solutions Limited has informed the Exchange about Investor Presentation
Veranda Learning Solutions Limited
August 05, 2025
BSE Limited Dept of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001
National Stock Exchange of India Limited The Listing Department, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 051
Scrip Code: 543514
Symbol: VERANDA
Dear Sir/Madam,
Sub: Earnings Presentation on the Unaudited Financial Results for the quarter June 30, 2025
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we have enclosed herewith the Earnings Presentation on the Unaudited Financial Results of the Company for the quarter ended June 30, 2025, that will be circulated to the Investors/ Analysts for the Earnings Call scheduled on Tuesday, 05th day of August 2025 at 02:00 P.M.
Kindly take the same on record and display the same on the website of your exchange. This information will also be hosted on the Company’s website at https://www.verandalearning.com/web/index.php/stock-exchange-intimations
Thanking you, For Veranda Learning Solutions Limited
S Balasundharam Company Secretary & Compliance Officer M. No: ACS-11114
contact@verandalearning.com
www.verandalearning.com
+91 44 4690 1007
G.R. Complex First floor No.807-808, Anna Salai, Nandanam,
Chennai -600 035
CIN: L74999TN2018PLC125880
Investor Presentation Q1FY26
Veranda Learning Solutions
Affordability | High-quality Content | Outcome-oriented Approach
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Safe Harbor
• This presentation and the following discussion may contain “forward looking statements” by Veranda Learning Solutions Limited (“Veranda
Learning” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to
future results of operations, financial condition, business prospects, plans and objectives, are based on the current beliefs, assumptions,
expectations, estimates, and projections of the management of Veranda Learning about the business, industry and markets in which
Veranda Learning operates.
• These statements are not guarantees of future performance, and are subject to known and unknown risks, uncertainties, and other factors,
some of which are beyond Veranda Learning’s control and difficult to predict, that could cause actual results, performance or achievements
to differ materially from those in the forward looking statements.
•
Such statements are not, and should not be construed, as a representation as to future performance or achievements of Veranda Learning.
In particular, such statements should not be regarded as a projection of future performance of Veranda Learning. It should be noted that
the actual performance or achievements of Veranda Learning may vary significantly from such statements.
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O n e o f t h e L e a d i n g Ed u c at i o n P l aye rs i n I n d i a
Company at a glance
Business Segments
Financial Metrics
o Diversified and integrated learning solutions in online, offline & hybrid blended formats across the entire life-cycle of a student from K-12 to professionals and graduates.
o Technology driven, asset light &
scalable business model
o Successfully acquired legacy
brands which are market leaders in their respective segments
Academics
Commerce Test Prep
Government Test Prep
Vocational
Financial Metrics Q1FY26
•
Revenue growth: INR 139 Cr. up 17% YoY
• Gross Profit: Up 28% YoY to INR
93 Cr
•
•
Reported EBITDA : INR 55 Cr. up 98% YoY
PAT : INR 6 Cr. , a 123% YoY rise
M a n a ge m e nt S tate m e nt o n Q 1 F Y 2 6 Pe r fo r m a n c e
“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 INR 55 Cr and a sharp turnaround in profitability, with PAT rising 123% YoY to INR 6 Cr. 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 high-potential 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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Mr. Kalpathi S Suresh
Chairman & Executive Director
o He holds a B.Tech from IIT
Madras and M.S. from Clemson University
o Experienced in software development, education, business purchase and integration
o Selected for the ‘Outstanding
Entrepreneur of the Year’ in 1999 by Ernst & Young, India
S t ro n g sta r t to Q 1 F Y 2 6 ; a n o t h e r PAT Po s i t i ve p e r fo r m a n c e
(In INR Crores)
• Q1FY26 Revenue stood at INR 139 Cr, up 17% YoY, driven by strong momentum across offerings. Gross Profit grew to INR 93 Cr, with a robust margin of 67%.
•
•
EBITDA surged 98% YoY to INR 55 Cr, with margin expanding by 1600 bps to 40%, reflecting solid operating leverage and cost discipline.
PAT came in at INR 6 Cr, up 123% YoY, aided by the asset- light approach and balance sheet deleveraging— underscoring a sustainable growth path.
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S e g m e nt M o m e nt u m & S t rate g i c fo c u s
•
Academics and Commerce TP continued to outperform with exceptional revenue and EBITDA growth of 118% & 68% in Academics and 46% & 145% in Commerce, driven by strong enrolments and operational efficiency.
• Government and Vocational
segments are poised for deeper growth, backed by cost-effective strategies, regional expansion, and vertical integration aimed at scaling reach and improving profitability.
Segment wise performance – Revenue
Segment wise performance- EBITDA
71
49
35
32
34
23
47
19
10
5
6
4
6
6
5
0
Academic
Comm TP
Vocational
Govt. TP
Academic
Comm TP
Vocational
Govt. TP
Q1FY25
Q1FY26
Q1FY25
Q1FY26
(In INR Crores)
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B u i l t S t ro n g . S c a l i n g S m a r te r w i t h Ve ra n d a 2 . 0
I N D I C A T O R S
Total Revenue in INR crores
Total Enrolment
2 8 , 6 7 4
3
FY21
76
5 8 , 6 2 8
FY22
530
2 , 5 8 , 4 0 3
370
1 , 5 8 , 4 0 7
200
9 1 , 6 6 7
FY23
FY24
FY25
V e r a n d a 1 . 0
N e w L a u n c h e s , I P O L i s t i n g a n d M & A
V e r a n d a 2 . 0
o D e c 2 0 2 0 : Acquired Content, brand, education materials through Veranda Race; & thereafter commenced operations
o D e c 2 0 2 0 : Launched own mobile app comprising all integrated courses
o J u l 2 0 2 1 : Started CA
courses
o A u g 2 0 2 1 : Started offering courses for UPSC preparation
o S e p 2 0 2 1 : Acquired
Edureka, enabling Veranda to establish global footprints o A p r 2 0 2 2 : Company was listed on BSE & NSE at INR 137
o O c t 2 0 2 2 : Acquired J. K. Shah
Classes
o J a n 2 0 2 3 : Business Transfer Agreement with Chennai Race o M a y 2 0 2 3 : Acquisition of 6
new companies
o J u l 2 0 2 3 : Partnership with Logic School of mgmt.
o J a n 2 0 2 4 : Acquires Tapasya o D e c 2 0 2 4 : Announces to Acquire BB
Publications & Navkar
o F e b 2 0 2 5 : Signed MoU with IIT
Madras
o J u n 2 0 2 5 : Launches CIAP with IAB o J u l 2 0 2 5 : Maiden QIP & Demerging
Commerce vertical
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B ra n d p o r t fo l i o - fo r e n d - t o - e n d d e l i v e r y p l a t fo r m
B r a n d s
B r a n d s
B r a n d s
B r a n d s
K - 1 2
Academic
P o s t S c h o o l i n g E d u c a t i o n
P r o f e s s i o n a l d e v e l o p m e n t
Commerce Test Prep
Government Test Prep
Vocational
international
Catering K-12: Veranda’s K-12 segment, includes five CBSE and two Cambridge schools. The company is targeting significant growth in Northern India and enhancing its product offerings in government exam preparation
Catering for Higher Ed Dedicated coaching for CA, ACCA, CMA, CFA and other foreign commerce courses. Acquisitions like BB Virtuals and Navkar Institute will fuel expansion in both online and offline markets. The company is expanding its commerce colleges in southern states with a target of tying up with 100 new colleges.
Specialized coaching for various competitive & civil services exams (PSC, SSC, RRB, TNPSC, KPSC, Banking). The company is targeting significant growth in Northern India and enhancing its product offerings in government exam preparation.
Harness data, AI and digital tools
Skill Training & Internships, Upskilling Courses, Recruitment Training in the BFSI sector. Growth for this segment is expected to be driven by leveraging cross-selling opportunities within the group
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M i l e sto n e s M et . C o m m i t m e nt s Ke p t .
A g g r e g a t i n g a s s e t s t o e s t a b l i s h e n d t o e n d d e l i v e r y p l a t f o r m
M a x i m i z i n g c r o s s s e l l i n g o p p o r t u n i t i e s
•
Scaling into Tier 2/3 towns and untapped high-potential regions
• Driving operational
efficiency through an asset-light model
• Widening university
collaborations to enrich course portfolio
B a l a n c e s h e e t D e l e v e r a g i n g
1. Approach
Maiden QIP launch of Rs. 357 Cr.
Demerging and Debt free listing of Commerce Vertical as JK shah commerce education limited.
2. Outcome
•
•
•
•
INR 310 Cr used to clear Veranda XL’s legacy debt
1:1 share allotment in newly listed Commerce entity for Veranda shareholders
Integrated commerce powerhouse: BB Virtual, Navkar, Tapasya, Logic under one roof
Targeting 5–7x growth via full course rollout across centers, regions & languages in 3-4 years.
Revenue
EBITDA
FY25
FY26E
Growth guidance for FY26
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F i ve Tr u ste d B ra n d s , O n e Ed u c at i o n Po w e r h o u s e
B r a n d s
A B O U T “ J K S H A H C O M M E R C E E D U C A T I O N L I M I T E D ”
C o m m e r c e s e g m e n t
F i n a n c i a l M e t r i c s
Particulars(INR Cr.)
Commerce segment (FY26E)
Others (FY26E)
Total
Revenue
EBITDA
PBT
PAT
340
169
85
71
320
73
15
12
660
242
100
83
•
Founders (36–66 years) continue to lead with proven execution
• Maximizing existing network: Rolling out full course suite
over 105 centers to drive monetization
•
•
Scaling BB Virtual: Digital arm to deliver JK SHAH courses in multiple formats and languages.
Expanding geographic footprint: Targeting underpenetrated markets - UP, Bihar, Telangana & Andhra Pradesh
Rs. 1000+ Cr Revenue expected by FY30 from Rs. 281 Cr in FY25
8L+ Enrolments From 4L in FY25
50%+ EBITDA Margin from 36% with scale and efficiency
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G u i d a n c e f o r F Y 3 0
Let’s Connect!
Veranda Learning Solutions Limited
Company Contact
Mr. Mohasin Khan, CFO
Mohasinkhan.s@verandalearning.com
Investor Relations Contact
Ms. Soumya Chhajed
Research Analyst
soumya@goindiaadvisors.com
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