Veranda Learning Solutions LimitedQ1 FY27 Results & Financial Update
Veranda Learning Solutions Limited: Q1 FY27 consolidated results and company financials – revenue ₹149.54 Cr, PAT ₹33.87 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
Find an answer
Ask this result
Chart · Market context
Veranda Learning Solutions price & chart
Market price₹212.24
1Y return—Price return
Loading market chart…
TradingView Lightweight Charts™ · Copyright © 2025 TradingView, Inc.TradingView
Market chartPrice chart temporarily unavailableThe price chart could not be loaded right now. The reported financial results remain available above.
Spotted a factual error?Tell us the number, date or statement and we will re-check the underlying records and calculations.Report an error
Quarterly Results AnalysisExplore Veranda Learning Solutions Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Veranda Learning Solutions reported a strong start to FY27, marked by broad-based operational momentum across nearly all brands, culminating in the company's sixth consecutive profitable quarter at the profit-after-tax level.
Consolidated revenue from operations for Q1 FY27 grew by approximately 42% year-on-year, driven by robust activity in the Commerce Test Prep and Government Test Prep business units.
Total student enrolments across the group expanded by 35% year-on-year to 1.03 lakh students during the quarter, while total collections grew by 27% year-on-year, indicating healthy underlying demand and execution capabilities.
Profitability expanded significantly, supported by operating leverage, disciplined cost management, and a marked reduction in finance expenses following prior debt reduction initiatives.
The Commerce segment continued to anchor financial performance, delivering strong revenue and EBITDA contributions alongside expanding offline presence and high student repeatity across multi-year course lifecycles.
Strategic corporate restructuring initiatives, including the proposed demerger of the Commerce business into JK Shah Commerce Education Limited, progressed actively through court-convened meetings and regulatory filings.
01 · Business model
What does Veranda Learning Solutions do?
Veranda Learning Solutions Limited is a public listed education company in India that provides end-to-end educational services, test preparation, professional certifications, and K-12 schooling through an integrated blend of online, offline, and hybrid delivery models.
The company's operating model focuses on asset-light, scalable structures and leverages legacy brands acquired across key educational categories to serve students, job aspirants, graduates, and professionals.
Its primary operating segments comprise Commerce Test Preparation, Government Test Preparation, Managed School Services (K-12), and Vocational Education, addressing high-demand professional courses like CA, CS, CMA, ACCA, and competitive government examinations.
02 · Historical context
What shaped the business before this quarter
Since commencing operations in December 2020 through the acquisition of Veranda Race and launching mobile applications, the company expanded through strategic acquisitions including Edureka, J.K. Shah Classes, and Tapasya.
In FY26, the company shifted toward Veranda 2.0 by executing a maiden QIP raising roughly INR 357 crore in July 2025, initiating the demerger of the commerce vertical, and rationalising subsidiaries.
Previously, Veranda K-12 Learning Solutions Private Limited was structured as a step-down subsidiary before being formally merged into Veranda Administrative Learning Solutions with an appointed date of April 1, 2025, becoming effective in August 2026.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Q1 FY27 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹149.54 Cr | ₹105.67 Cr | ₹132.39 Cr |
| Total income | ₹151.48 Cr | ₹122.97 Cr | ₹139.88 Cr |
| EBITDA | ₹53.85 Cr | ₹48.83 Cr | ₹54.49 Cr |
| Profit before tax | ₹30.42 Cr | ₹4.32 Cr | ₹23.75 Cr |
| Profit after tax | ₹33.87 Cr | ₹5.92 Cr | ₹15.70 Cr |
| EPS | ₹3.03 | ₹0.10 | ₹0.92 |
| EBITDA margin | 36.01% | 46.21% | 41.15% |
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Led revenue generation with operating revenue of INR 108.6 crore, achieving 53% year-on-year growth driven by strong offline and online student enrolments.
Contributed INR 32.5 crore in operating revenue, up 41% year-on-year, supported by record admissions in state public service commission and railway exams.
Generated INR 12.2 crore in operating revenue, reflecting a 22% year-on-year increase as school occupancy and fee structures expanded.
What drove margins
Finance costs dropped significantly by 69% year-on-year from INR 26.2 crore in Q1 FY26 to INR 8.1 crore in Q1 FY27, following QIP-led deleveraging and debt optimisation.
Disciplined cost management and higher platform utilisation in core segments enabled EBITDA to reach INR 53.8 crore with an operating margin of 36.01%.
Gross profit for the quarter stood at INR 94.6 crore, representing a gross profit margin of 63%, reflecting product mix shifts across test preparation and academic services.
05 · Demand, customers & order book
Where demand is coming from
Overall student enrolments for the quarter grew by 35% year-on-year to 1.03 lakh students, underpinned by strong organic demand and multi-year student lifecycles.
Quarterly collections increased by 27% year-on-year, demonstrating healthy cash inflows and booking momentum across all operational segments.
06 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Achieved 28 All India Ranks and over 150 UK ACCA enrolments offline, alongside an 82% year-on-year online enrolment growth and 17,340 managed college enrolments.
Recorded its best-ever quarter with 15,724 admissions, up 28% year-on-year, spearheaded by a 52% jump in TNPSC admissions and a 100% rise in railway exam admissions.
Secured 5,450 admissions for AY26-27, launched Veranda Future School, and won the Times of India 'Edu Icons' award.
Geography and market mix
Maintained a strong regional presence with over 100 centres across South India under the RACE brand and expanded managed college footprints into Hyderabad and Bengaluru.
Scouted new physical locations in North and West India, specifically targeting Uttar Pradesh, Bihar, Rajasthan, and Gujarat to reduce regional concentration and tap new student bases.
07 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
Expanded course delivery capabilities through digital virtual formats like Commerce Virtuals for Class 11 and 12 students, allowing pan-India reach without heavy physical infrastructure.
Projects, capex and execution
Planned 15 new offline locations for the commerce college network and 7 new centres for Government Test Prep to grow the network from 38 to 45 centres.
08 · Strategy & new businesses
How the company is trying to change its growth mix
The composite scheme of arrangement for demerging the commerce business into JK Shah Commerce Education Limited received shareholder approval at a court-convened meeting, with NCLT hearings concluded and orders reserved in July 2026.
Progressed with the divestment of the vocational segment to SNVA EduTech Ltd. to combine domestic strengths with an international network spanning over 60 countries.
09 · Reported developments
What changed operationally
Delivered PAT of INR 33.9 crore, representing a 472% year-on-year increase and marking the sixth quarter in a row of positive bottom-line performance.
EBITDA rose to INR 53.8 crore, up 10% year-on-year, reflecting strong operating leverage and disciplined control over corporate and operational expenses.
10 · Pressure points & risks
What is not going smoothly
Other income declined by 89% year-on-year from INR 17.3 crore in Q1 FY26 to INR 1.9 crore in Q1 FY27, impacting total income growth comparisons.
11 · Items worth noticing
The line items that can distort a quick read
Tax expenses for the quarter showed a net credit of INR 3.5 crore, influenced by tax adjustments and brought-forward loss utilisations following corporate restructuring.
12 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Maintained asset-light, scalable business structures with disciplined cost management supporting cash generation across operating units.
Capital allocation & funding
Utilised proceeds from the July 2025 QIP to deleverage the balance sheet, resulting in a substantial year-on-year drop in finance costs.
13 · Management guidance & targets
What management is targeting from here
Management guided for FY27 consolidated revenue of INR 670 crore, EBITDA of INR 260 crore, PBT of INR 183 crore, and PAT of INR 144 crore.
14 · Beyond the numbers
What changed beyond the numbers
Reported update
Veranda K-12 Merger Effectiveness
The NCLT-approved amalgamation of Veranda K-12 Learning Solutions into Veranda Administrative Learning Solutions became effective on August 11, 2026, with an appointed date of April 1, 2025.
Reported update
Shareholder Entitlement in Demerger
Under the proposed commerce demerger scheme, every Veranda shareholder is set to receive one share in the newly listed JK Shah Commerce entity at no additional cost upon final approval.
15 · Previous-quarter changes
What changed since the previous quarter
Operating revenue increased sequentially by 13% from INR 132.4 crore in Q4 FY26 to INR 149.5 crore in Q1 FY27.
16 · Key Q&A
The quarter, answered directly
What does Veranda Learning Solutions do?
Veranda Learning Solutions Limited is a public listed education company in India that provides end-to-end educational services, test preparation, professional certifications, and K-12 schooling through an integrated blend of online, offline, and hybrid delivery models.
What is the clearest takeaway from Q1 FY27?
Veranda Learning Solutions reported a strong start to FY27, marked by broad-based operational momentum across nearly all brands, culminating in the company's sixth consecutive profitable quarter at the profit-after-tax level.
What drove revenue or demand?
Led revenue generation with operating revenue of INR 108.6 crore, achieving 53% year-on-year growth driven by strong offline and online student enrolments.
What mattered most for margins or profitability?
Finance costs dropped significantly by 69% year-on-year from INR 26.2 crore in Q1 FY26 to INR 8.1 crore in Q1 FY27, following QIP-led deleveraging and debt optimisation.
What changed operationally beyond the headline numbers?
Expanded course delivery capabilities through digital virtual formats like Commerce Virtuals for Class 11 and 12 students, allowing pan-India reach without heavy physical infrastructure.
What is management guiding or targeting from here?
Management guided for FY27 consolidated revenue of INR 670 crore, EBITDA of INR 260 crore, PBT of INR 183 crore, and PAT of INR 144 crore.
17 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario operating profit₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
18 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Commerce Demerger Listing: Monitor the final NCLT order and subsequent listing of JK Shah Commerce Education Limited expected in September 2026.
- 02
FY27 Guidance Execution: Track quarterly progress against management's full-year FY27 financial targets of INR 670 crore revenue and INR 260 crore EBITDA.
Learn the metrics
Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.