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.
