Veranda Learning Q3FY26 Revenue Surges 52% YoY to ₹117 Cr; PAT Jumps 110% to ₹17 Cr
Veranda Learning reported Q3FY26 revenue of ₹117 crore, up 52% YoY, and PAT of ₹17 crore, up 110% YoY. EBITDA surged 328% to ₹53 crore. Student enrollments increased 55% YoY. The company is demerging its commerce vertical and divesting its vocational segment as part of its Veranda 2.0 strategy.
The substantial financial growth, strategic restructuring, and clear future guidance indicate a significant positive impact on the company's prospects and shareholder value.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, along with strong increases in student enrollments and collections. Strategic initiatives like demerger and divestment are highlighted as steps to sharpen focus and unlock value.
Veranda Learning Solutions Limited announced its unaudited financial results for the quarter ended December 31, 2025 (Q3FY26), reporting a significant 52% year-on-year increase in revenue from operations to ₹117 crore. Gross profit rose by 47% YoY to ₹76 crore, maintaining a gross margin of 65%.
The company achieved a 328% surge in EBITDA to ₹53 crore, with EBITDA margins expanding to 45%, reflecting strong operating leverage and cost discipline. Profit After Tax (PAT) saw a substantial 110% YoY increase, reaching ₹17 crore, attributed to the benefits of the Veranda 2.0 restructuring strategy which lowered finance costs and depreciation.
Student enrollments grew by 55% YoY to 1,11,363, and collections increased by 46%. The company highlighted strong performance across its business segments: Academics, Commerce Test Prep, and Government Test Prep. The strategic demerger of the commerce vertical and divestment of the vocational segment are expected to sharpen focus on core verticals.
Management stated that the company is well-positioned to scale its core verticals, Academics and Government Test Preparation. Future priorities include strengthening faculty, accelerating digital admissions, deepening university and corporate partnerships, launching higher-value programs, and optimizing marketing. The company has provided guidance for FY30, expecting revenue to exceed ₹1000 crore from ₹281 crore in FY25, with EBITDA margins targeting over 50% from 36%.
As part of its Veranda 2.0 strategy, the company completed a maiden QIP of ₹357 crore, used to clear legacy debt. The commerce vertical is being demerged and listed as JK Shah Commerce Education Limited, with Veranda shareholders receiving a 1:1 share allotment. The vocational segment has been divested to SNVA Veranda in a 50:50 share-swap joint venture, targeting ₹250+ crore revenue and ₹60 crore EBITDA by FY27.
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See the model portfoliosA plain-language summary of a public exchange filing by Veranda Learning Solutions Limited. Read the original for the full detail.