Veranda Learning Solutions reported a 35 per cent year-on-year increase in revenue from operations to Rs 481.5 crore in FY26 and posted its first full-year profit since listing, driven by growth in enrolments, collections and its commerce test-preparation business.
The education company reported a profit after tax (PAT) of Rs 129.7 crore for FY26, compared to a loss of Rs 251.6 crore in FY25, marking a significant turnaround in its financial performance. Quarterly PAT rose 83 per cent year-on-year to Rs 15.7 crore in the fourth quarter ended 30 May 2026.
Revenue from operations during the fourth quarter stood at Rs 132.4 crore, up 52 per cent from the corresponding quarter last year, while Ebitda increased 135 per cent year-on-year to Rs 204 crore during FY26. Ebitda margins improved to 42.4 per cent from 24.3 per cent a year earlier.
The company said overall enrolments during FY26 increased 21 per cent to 2.57 lakh students, while collections rose 40 per cent to Rs 449 crore. Growth was primarily driven by the commerce and government test-preparation segments. The commerce test-preparation vertical emerged as the company's strongest growth engine during FY26. Revenue from the segment rose 70 per cent year-on-year to Rs 331.6 crore, while segment Ebitda increased 133 per cent to Rs 176.5 crore.
During the year, Veranda launched Commerce Virtuals for Class 11 and 12 students, allowing learners across the country to access live and recorded commerce courses without requiring physical infrastructure. The company also expanded its offline presence across Tier-II and tier 3 markets and introduced new offerings in government test preparation, including Group-I programmes and Junior IAS courses.
The company said it plans to expand its government test-preparation business into Karnataka, strengthen its managed school operations, add 15 new offline commerce college locations and establish a stronger presence in North and West India, including Uttar Pradesh, Bihar, Rajasthan and Gujarat.
Veranda also said it expects final approval for its proposed commerce business demerger by mid-July following shareholder approval and the receipt of the first National Company Law Tribunal clearance. The company aims to grow revenue from its commerce business three to four times over the next three to four years and has set a long-term target of crossing Rs 1,000 crore in revenue by FY30. |
