Veranda Learning Solutions Limited announced its financial results for the quarter ended December 31, 2025, reporting a robust performance driven by strong enrolments, particularly in the Government Test Prep and Commerce verticals. Revenue from operations for Q3 FY26 increased by 52% year-on-year to ₹117 crore. Gross profit grew by 47% YoY to ₹76 crore, maintaining a gross margin of 65%. The company reported a significant 328% surge in EBITDA to ₹53 crore, with EBITDA margins expanding to 45%, reflecting enhanced operational efficiency and cost optimization. Profit After Tax (PAT) saw a 110% year-on-year increase to ₹17 crore, boosted by reduced finance costs and depreciation. For the nine-month period ended December 31, 2025 (9M FY26), revenue reached ₹349 crore, a 29% YoY increase. EBITDA for 9M FY26 was ₹150 crore, a 409% YoY increase, and PAT was ₹43 crore, up 119% YoY. Key business updates include the advancement of the Commerce Vertical demerger, with NCLT filing for the creation of J.K. Shah Commerce Education Ltd. Additionally, SNVA Veranda was formed via strategic disinvestment, combining skilling brands with SNVA Veranda’s global university network, targeting ₹250+ crore revenue and ₹60+ crore EBITDA by FY27, with plans for a separate listing. Segmentally, Commerce Test Prep revenue grew 111% YoY to ₹80.2 crore, while Academics saw a 21% YoY increase to ₹24.9 crore for 9M FY26. Government Test Prep revenue decreased by 23% YoY for 9M FY26 to ₹85.7 crore. Mr. Suresh S. Kalpathi, Executive Director and Chairman, highlighted the strong momentum and sustained focus on operational excellence. He emphasized that the company is better positioned to scale core verticals like Academics and Government Test Preparation following the commerce demerger and vocational divestment. Future priorities include strengthening faculty, accelerating digital admissions, deepening partnerships, and launching higher-value programs.
