Western Overseas Study Abroad Limited reported a net profit of ₹272.78 lakh for the financial year ended March 31, 2026, an increase of 23% compared to ₹221.06 lakh in the previous year. Revenue from operations for the period stood at ₹2027.45 lakh, down from ₹2272.52 lakh in FY25. The Board of Directors approved the audited standalone financial results during a meeting held on May 28, 2026. The statutory auditor, M/s. KVMS and Company, issued an unmodified opinion on the financial results.

Financial Performance

The company's total revenue for FY26 was ₹2034.52 lakh. Total expenses decreased to ₹1661.95 lakh from ₹1985.94 lakh in the prior year. Profit before tax for the year was ₹372.57 lakh, compared to ₹309.03 lakh in FY25. Basic and diluted earnings per equity share for FY26 were reported at ₹0.45, compared to ₹0.52 in the previous year.

Key Financial Metrics

Balance Sheet Highlights

The company's share capital increased to ₹601.20 lakh as of March 31, 2026, from ₹421.40 lakh in the previous year. Reserves and surplus surged to ₹1252.27 lakh from ₹231.16 lakh. Cash and cash equivalents improved significantly to ₹499.28 lakh from ₹21.51 lakh.

Western Overseas Study Abroad Limited has announced a strategic partnership with Algebra Bernays University, Croatia, through a Student Recruitment Agreement that expands the company's international education consultancy operations. The agreement, disclosed in a regulatory filing dated April 16, 2026, positions the company as an authorized representative for the Croatian university's student recruitment activities in India.

Agreement Scope and Coverage

The partnership grants Western Overseas Study Abroad Limited comprehensive authority to represent Algebra Bernays University across specific geographical regions in India. The company's operational mandate includes:

Regional Operations

The agreement covers strategically selected regions across northern India, focusing on key educational hubs and metropolitan areas.

Covered Territories

Union Territory:

• Chandigarh

Haryana State Cities:

• Sonipat
• Rohtak
• Kurukshetra
• Karnal
• Ambala

Punjab State Cities:

• Amritsar
• Jalandhar
• Bathinda
• Patiala

Academic Collaboration Framework

Beyond recruitment services, the agreement establishes a foundation for deeper academic cooperation between the institutions. The partnership includes provisions for collaboration in developing joint academic programs, potentially creating new educational opportunities for students seeking international exposure.

Business and Regulatory Aspects

The company emphasized that this agreement represents ordinary course business operations, maintaining transparency regarding potential conflicts of interest.

Strategic Impact

Western Overseas Study Abroad Limited expects this collaboration to significantly enhance its international presence within the overseas education consultancy sector. The partnership with Algebra Bernays University represents a strategic expansion that could strengthen the company's competitive position and contribute positively to its growth trajectory in the international education market.