Veranda Learning Solutions Limited

rs,

BSE Limited Dept of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001 Veranda Learning Solutions Limited May 30, 2026 Nationa

35%

ments Academics Commerce Test Prep Government Test Prep Financial Metrics FY26 Revenue growth: 35% YoY to INR 482 Cr. Reported EBITDA : INR 204 Cr. up 135% YoY Reported PAT: INR 129.7cr vs Loss

INR 482

emics Commerce Test Prep Government Test Prep Financial Metrics FY26 Revenue growth: 35% YoY to INR 482 Cr. Reported EBITDA : INR 204 Cr. up 135% YoY Reported PAT: INR 129.7cr vs Loss of 251.6 Crs in

INR 204

nment Test Prep Financial Metrics FY26 Revenue growth: 35% YoY to INR 482 Cr. Reported EBITDA : INR 204 Cr. up 135% YoY Reported PAT: INR 129.7cr vs Loss of 251.6 Crs in FY25 Additional Learners in F

135%

Financial Metrics FY26 Revenue growth: 35% YoY to INR 482 Cr. Reported EBITDA : INR 204 Cr. up 135% YoY Reported PAT: INR 129.7cr vs Loss of 251.6 Crs in FY25 Additional Learners in FY26 - up 21

INR 129.7

Revenue growth: 35% YoY to INR 482 Cr. Reported EBITDA : INR 204 Cr. up 135% YoY Reported PAT: INR 129.7cr vs Loss of 251.6 Crs in FY25 Additional Learners in FY26 - up 21% YoY 200+ Centers spread acr

21%

5% YoY Reported PAT: INR 129.7cr vs Loss of 251.6 Crs in FY25 Additional Learners in FY26 - up 21% YoY 200+ Centers spread across India. 100+ students secured top rank in competitive exams each y

₹132

althy traction across both online and offline formats. Revenue from operations for Q4FY26 stood at ₹132 Cr, registering a strong 52% YoY growth, while FY26 revenue increased 35% YoY to ₹482 Cr. The year

52%

ine and offline formats. Revenue from operations for Q4FY26 stood at ₹132 Cr, registering a strong 52% YoY growth, while FY26 revenue increased 35% YoY to ₹482 Cr. The year also witnessed strong profit

₹482

Y26 stood at ₹132 Cr, registering a strong 52% YoY growth, while FY26 revenue increased 35% YoY to ₹482 Cr. The year also witnessed strong profitability improvement, with PAT reporting a significant turn

4x

re Academics and Government Test Preparation businesses. Post demerger, the company is targeting 3-4x revenue growth in commerce segment over the next 3-4 years through expansion by product and geogra

₹1,000

rs through expansion by product and geographical expansion, with a long-term aspiration to achieve ₹1,000+ crore revenue by FY30. While in non-commerce segment, growth is expected to be driven by geograph

“ Overseeing operations will help the company upstream profits through service fee  Builds presence through the value chain  Better cost optimization Revenue (INR Cr.) FY26 FY27E 14 W h a t ’s N e x t i n s t o r e - G o v e r n m e n t Te s t P r e p ( R e v e n u e - I n I N R C r o r e s ) 141 114 • Capabilities: starting from UPSC to SPSCs , Public sector banks, Stock selection exams etc.”

“• Market penetration: Largest in the southern regions FY26 FY27E Revenue growth (FY26-27E) is expected to be 24%, driven by geographic expansion in the segment.”

Financial implications and targets

1

Financial implications and targets

 Overseeing operations will help the company upstream profits through service fee  Builds presence through the value chain  Better cost optimization Revenue (INR Cr.) FY26 FY27E 14 W h a t ’s N e x t i n s t o r e - G o v e r n m e n t Te s t P r e p ( R e v e n u e - I n I N R C r o r e s ) 141 114 • Capabilities: starting from UPSC to SPSCs , Public sector banks, Stock selection exams etc. • Market penetration: Largest in the southern regions FY26 FY27E Revenue growth (FY26-27E) is expected to be 24%, driven by geographic expansion in the segment. Strategic Priorities for Government Test Prep • Drive revenue growth through institutional partnerships, targeted admission campaigns and optimized batch scheduling • Implementing FOCO model powered by Veranda RACE to ensure controlled quality 15 Ve r a n d a & S N VA - L e a p t o w a r d s g l o b a l i n t e g r a t i o n Part of Veranda 2.0 strategy — focus, accelerate, and unlock shareholder value. 60+ Countries Global Presence 1.5