Crizac Limited reported a 22.7% year-on-year increase in revenue from operations to ₹10,422 million for the fiscal year ended March 31, 2026. The company processed 3.94 lakh applications during FY26, a 43% increase, supported by an active agent base that expanded 36% to 5,389 agents. Net profit for the year stood at ₹2,191 million, reflecting a growth of 41% with a margin of 20.5%. The company remains debt-free with a net cash position of ₹4,674 million as of March 31, 2026.

Financial Performance

For the fourth quarter, revenue from operations grew 15% year-on-year and 40.6% quarter-on-quarter to ₹3,917 million. EBITDA for Q4 FY26 rose 42.8% to ₹939 million, with margins expanding by 467 basis points to 24%. PAT for the quarter increased 50% to ₹750 million at a margin of 18.8%. The company maintains a net debt-to-equity ratio of (0.91) and an ROCE of 48.6% for the year.

Strategic Developments

FY26 was marked by significant inorganic activity. In October 2025, the company acquired StudiesPlanet to enter the Latin American market. In January 2026, it acquired a 51% stake in Global Tree Careers Private Limited to extend its reach into B2C counseling and immigration services. Additionally, the company committed USD 2.5 million to the EduMentor project, an AI-driven platform for student matching, and operationalized its New Zealand business in April 2026. The company added 50 partner universities and 10 source countries during the year.

Outlook and Guidance

The Board declared a dividend of ₹8 per equity share for Q4 FY26, representing a payout of approximately 64%. Management noted that while geopolitical factors and visa policy changes in markets like Canada and the US present headwinds, aggregate demand for international education remains robust. The company is targeting a reduction in the UK's contribution to total revenue from current levels to below 60% over the next two years as it expands into Australia, New Zealand, and other markets. Specific revenue guidance for FY27 will be provided in the next quarter.

Crizac Limited has appointed Grant Thornton Bharat LLP as its internal auditor for the financial year 2026-27. The decision was approved by the company's Board of Directors during a meeting held on May 25, 2026. The appointment is effective from the date of the meeting.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III and the SEBI Master Circular dated January 30, 2026. The board meeting commenced at 11:00 A.M. and concluded at 01:15 P.M. on the same day.

Appointment Details

The appointment follows the requirements set out in the SEBI Master Circular. Grant Thornton Bharat LLP has been engaged specifically to conduct the internal audit for the company for the upcoming financial year.

Auditor Profile

Grant Thornton Bharat LLP is a professional services firm and a member of Grant Thornton International Ltd., UK. The firm operates across 19 offices in India and has access to a global network spanning over 150 markets. It employs more than 12,000 professionals in India, offering services such as assurance, internal audit, risk advisory, and tax consulting. The firm serves numerous Fortune India 500 companies.

The key details of the appointment are summarized below: