Veranda Learning Solutions Q1 FY27: Revenue surges 42% to ₹150 Crore, PAT multiplies 6x to ₹34 Crore
Veranda Learning Solutions reported Q1 FY27 revenue of ₹150 Crore, up 42% YoY. PAT surged 472% to ₹34 Crore. Enrollments grew 35% to 1.03 lakh students. The commerce demerger is expected to complete by September 2026. FY27 revenue guidance is ₹670 Crore.
The substantial year-on-year growth in both revenue and profit, coupled with the progress on a significant corporate action like demerger, are material events that are likely to impact investor perception and the company's valuation.
The company reported strong year-on-year growth in revenue and a significant increase in PAT, along with positive enrollments and collections. The progress on the commerce demerger is also a key positive development.
Veranda Learning Solutions Limited announced a strong start to FY27, with revenue from operations growing 42% year-on-year to approximately ₹150 Crore in the first quarter. Profit After Tax (PAT) saw a significant increase, multiplying more than sixfold to ₹34 Crore, a 472% year-on-year jump from ₹5.9 Crore in Q1 FY26. This marks the company's sixth consecutive quarter of PAT positive performance.
Overall enrollments for the quarter grew 35% year-on-year to about 1.03 lakh students, with collections rising 27% year-on-year. The company highlighted strong momentum across its portfolio, particularly in the commerce and government test preparation businesses. The K-12 business segment is strengthening its foundation through investments in systems, partnerships, and brand building.
The commerce segment, a category leader, continues to benefit from offerings like Commerce Virtuals and an expanding offline network of over 105 centers. The government test preparation space saw growth driven by new offerings, including offline programs and subscription-based magazines, alongside the RACE platform's network. In academics and K-12, the company is expanding its managed schools opportunity.
The composite scheme of demerger for JK Shah Commerce Education Limited is progressing, with the next NCLT hearing scheduled for August 17, 2026. The company expects the process to be completed by the first half of September 2026. Post-demerger, JK Shah Commerce aims for significant revenue growth, targeting over ₹1,000 Crore by FY30.
For FY27, Veranda guides for approximately ₹670 Crore in revenue, over ₹250 Crore in EBITDA, and about ₹140 Crore in PAT. The company also noted that EBITDA growth was impacted by a one-time other income in the previous year's comparable quarter and increased advertising and marketing spend for the commerce vertical's standalone brand establishment.
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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.