Career Point Edutech Limited has secured a work order valued at ₹1.5 crore from the Vasantrao Naik Research and Training Institute (VANARTI) to provide coaching services for competitive examinations. The contract, awarded on June 05, 2026, covers online and offline training for 300 students sponsored by the Other Backward Bahujan Welfare Department of Maharashtra. This engagement expands the company's presence in the government-sponsored education sector.

Contract Details

The work order entails providing comprehensive coaching services for JEE, NEET, and CET examinations. The scope of services includes online live interactive lectures, offline mentoring sessions, digital study material, online test practice, and performance tracking. Additionally, the company will provide tablets with data connectivity where applicable. Payments under the contract are structured in installments linked to the completion of specific course milestones.

Duration and Value

The agreement is valid for an initial period of two years. It includes a provision for annual extension by up to two additional years, subject to mutual consent and similar terms. The total consideration for the work order covering 300 students is ₹1,50,90,000.

The disclosure was made to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the order does not involve any related party transactions and that the promoters or group companies have no interest in the entity awarding the contract.

Career Point Edutech Limited reported a 23.4% increase in net profit to ₹2,239.39 lakhs for the financial year ended March 31, 2026, driven by disciplined cost management and improved operating leverage. EBITDA surged 32.1% to ₹3,089.40 lakhs, with margins expanding by 980 basis points to 55.68%. The board approved the audited standalone and consolidated financial results on May 25, 2026.

The company’s revenue from operations for FY26 stood at ₹5,033.28 lakhs, a modest increase of 3.1% compared to the previous year. Total expenses declined by 11.5% to ₹2,523.57 lakhs, contributing significantly to the profitability expansion. Earnings per share (EPS) rose from ₹9.97 in FY25 to ₹12.31 in FY26.

Q4 FY26 Performance

In the fourth quarter, net profit grew 48.6% year-on-year to ₹552.71 lakhs, despite a 5.0% decline in revenue from operations to ₹1,050.96 lakhs. The reduction in total expenses by 37.4% to ₹470.57 lakhs bolstered the bottom line. EBITDA for the quarter jumped 68.0% to ₹747.82 lakhs, with the margin expanding sharply to 62.27% from 37.86% in the corresponding period of the previous year.

Strategic Developments

Management highlighted three key growth drivers for the future: unlocking the potential of Career Point Gurukul through day-scholar admissions, rolling out an AI-First Institution Programme, and expanding admission services geographically across India. The company aims to leverage its asset-light model to scale revenue with minimal incremental infrastructure investment.

Board Approvals

The Board of Directors approved the re-appointment of M/s BDG & Co. LLP, Chartered Accountants, as the internal auditors for FY 2026-27. The statutory auditors, Rajvanshi & Associates, issued an unmodified opinion on the audited standalone and consolidated financial results. The trading window for insiders will open 48 hours after the declaration of the financial results.