Veranda Learning Q4 FY26: Revenue ₹132 Cr (+52% YoY), PAT ₹129.7 Cr turnaround
Veranda Learning reported Q4 FY26 revenue of ₹132 crore, up 52% YoY, and FY26 revenue of ₹482 crore, up 35% YoY. The company achieved a PAT of ₹129.7 crore in FY26, a significant turnaround from a loss in FY25. NCLT approval for the commerce demerger is expected by mid-July 2026, with the commerce segment targeting ₹1,000+ crore revenue by FY30.
The reported financial turnaround, strong revenue growth, and significant progress in corporate restructuring, including demerger approval, are material events that are likely to have a high impact on the company's stock.
The company reported strong year-on-year revenue growth and a significant turnaround in profitability, achieving its first full-year PAT-positive performance since listing. The progress on the demerger also adds to the positive outlook.
Veranda Learning Solutions Limited announced its audited consolidated and standalone financial results for the fourth quarter and year ended March 31, 2026. The company reported a revenue of ₹132 crore for Q4 FY26, marking a significant 52% year-on-year growth. For the full fiscal year FY26, revenue grew by 35% year-on-year to ₹482 crore.
The company achieved a notable turnaround in profitability, reporting a Profit After Tax (PAT) of ₹129.7 crore for FY26. This marks the company's first full-year PAT-positive performance since its listing, a significant improvement from a loss of ₹251.6 crore in FY25.
During the quarter, Veranda Learning received the first NCLT approval for its proposed commerce demerger, with shareholders also approving the scheme through an EGM. The company expects final NCLT approval by mid-July 2026. Post-demerger, the commerce segment targets 3-4x revenue growth in the next 3-4 years, aiming for over ₹1,000 crore revenue by FY30. The non-commerce segment's growth is expected to be driven by geographic expansion in Southern India.
Key initiatives for FY26 included the launch of Commerce Virtuals for Class 11 & 12, geographic expansion into new offline locations, and the introduction of new courses in Government Test Prep. The company also provided FY27 guidance, targeting revenue of ₹670 crore, EBITDA of ₹260 crore, and PAT of ₹144 crore.
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