Veranda Learning Solutions: Q4 FY26 Earnings Call Transcript Released; Full Year PAT Positive
Veranda Learning Solutions reported FY26 revenue of ₹482 crore (up 35% YoY) and EBITDA of ₹204 crore (up 135% YoY). The company achieved its first full year PAT positive performance with ₹130 crore PAT. The commerce vertical demerger is on track for final approval by July 2026. FY27 revenue is targeted at ₹670 crore with PAT over ₹144 crore.
The announcement details significant financial turnaround, achieving profitability for the first time, progress on a major corporate restructuring (demerger), and provides clear future financial guidance, all of which are material to investors.
The company reported strong financial performance with significant year-on-year growth in revenue and EBITDA, achieving its first full year PAT positive result. The progress on the demerger and clear FY27 guidance also contribute positively.
Veranda Learning Solutions Limited has released the transcript of its Earnings Call held on May 30, 2026, following the announcement of financial results for the quarter and year ended March 31, 2026. The company reported a strong performance for FY26, achieving revenue of ₹482 crore, a 35% year-on-year growth, with EBITDA increasing by 135% to ₹204 crore. Notably, Veranda achieved its first full year Profit After Tax (PAT) positive performance since listing, with a PAT of ₹130 crore, a significant turnaround from a loss of over ₹250 crore in FY25. This was attributed to disciplined execution, operating leverage, and restructuring initiatives under Veranda 2.0.
The commerce vertical continued its strong performance, while the non-commerce business outperformed expectations, driven by government test prep and the academic segment. Student enrollments rose by 21% to 2.5 lakh, and collections increased by 40% to nearly ₹449 crore.
Key strategic developments include progress on the demerger of its commerce vertical, J.K. Shah Commerce Education Limited, with the next NCLT hearing scheduled for June 3, 2026, and final approval expected by July 2026. Post-demerger, the commerce business aims for significant scale-up, targeting over ₹1,000 crore in revenue by FY30. The company also completed the strategic divestment of its vocational education business into SNVA Veranda.
For FY27, Veranda is targeting revenues of approximately ₹670 crore with a PAT of over ₹144 crore. The company plans to expand its government test prep offerings into Karnataka, grow its offline commerce college presence in Tier 2 cities, and is evaluating opportunities in managed school services for pre-KG and K-12 segments.
The company's financial performance for Q4 FY26 showed revenue from operations at ₹132 crore, a 52% year-on-year growth. EBITDA for FY26 increased by 135% to ₹204 crore, supported by stronger scale, disciplined marketing spend, and lower corporate costs. Finance costs declined due to balance sheet deleveraging and refinancing. The company has achieved its fifth consecutive PAT-positive quarter.
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Veranda Learning Solutions Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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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.