Veranda Learning Solutions , through its unit J.K. Shah Classes, has entered into a Memorandum of Understanding with CPA Excellent Partners, a company based in Japan. This partnership aims to collaborate on talent development, talent placement, direct recruitment, and career support for accounting and finance professionals across global markets. The agreement seeks to strengthen Indo-Japan cross-border talent mobility and create structured international career pathways for learners enrolled in Veranda Learning's commerce vertical.

Partnership Overview

The collaboration marks a significant step in connecting Indian commerce graduates with global roles, including opportunities in Japan and other developed markets. The partnership aligns with the broader vision of enhanced economic cooperation and talent exchange between India and Japan. It will be anchored by Veranda Learning's Commerce vertical under the leadership of Prof. J.K. Shah, which includes brands such as J.K. Shah Classes, BB Virtuals, Navkar Digital Institute, Tapasya College of Commerce and Management, and Logic School of Management.

Partner Profile

CPA Excellent Partners, established in 2001, is a leading accounting education and career support organisation in Japan. Its subsidiary, CPA KAIKEI GAKUIN, recorded a 66.7% share of certified public accountant exam passers in 2025, with 1,092 examinees passing. The organisation also operates "CPASS Career," a job placement and career transition support platform for accounting and finance professionals.

Collaboration Scope

Under the MoU, both organisations will collaborate on curriculum alignment, employer-led skill development, cross-border placement opportunities, digital recruitment access, employer engagement initiatives, and career support services. The collaboration will cover opportunities across India, Japan, Southeast Asia, North America, Australia, the Middle East, and other global markets. Mr. Kensuke Kunimi, CEO of CPA Excellent Partners Co., Ltd., stated that the mission is to support people in expanding their potential and enriching their lives. Prof. J.K. Shah noted that the partnership is a key milestone in expanding international career pathways for commerce students.

Veranda Learning Solutions Limited returned to profitability in the financial year ended March 31, 2026, reporting a consolidated net profit of ₹129.7 crore compared to a net loss of ₹251.6 crore in the previous year. This turnaround marks the company's first full-year profit after tax (PAT) positive performance since listing. The recovery was driven by a 35% increase in revenue from operations, which reached ₹482 crore for FY26, up from ₹357.3 crore in FY25. The company's Board of Directors approved the audited consolidated and standalone financial results at a meeting held on May 30, 2026. The audio recording of the earnings call for the quarter and year ended March 31, 2026, has been uploaded to the company's website pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company's earnings before finance costs, depreciation, and amortisation (EBITDA) for the year ended March 31, 2026, was ₹204 crore, an increase of 135% from ₹86.7 crore in the prior year. EBITDA margins rose to 42.4% compared to 24.3% for FY25. For the quarter ended March 31, 2026, the company reported a consolidated net profit of ₹15.7 crore, with revenue from operations for the quarter standing at ₹132.4 crore. Q4 EBITDA came in at ₹54.5 crore, with EBITDA margin expanding to 41.2% from 65.6% in the same quarter of the prior year. The strong performance was supported by the Commerce segment, which contributed significantly to the total revenue.

Financial Performance

Total income for FY26 rose to ₹518.8 crore from ₹400.8 crore in FY25. The profit for the period attributable to the owners of the company was ₹105.5 crore, reversing the previous year's loss of ₹247.4 crore. The Commerce segment remained the primary revenue driver, generating ₹331.6 crore in revenue for the year, while the Government test preparation segment contributed ₹114.3 crore. The following table summarises the key annual financial metrics for FY26 against FY25:

The quarterly performance also reflected a strong year-on-year improvement. The table below highlights the key Q4 metrics:

Operational Highlights and Guidance

The company recorded exceptional items amounting to a gain of ₹86.1 crore during the year, primarily related to the gain on the sale of subsidiaries. Consequently, the basic earnings per share (EPS) for the year improved to ₹11.84 from a loss of ₹34.73 in the previous year. The Board also reviewed the standalone financial results, where the entity reported a total income of ₹82.4 crore for the year but recorded a net loss of ₹0.9 crore.

Overall enrolments for FY26 grew by 21% to 2.6 lakh, with collections increasing by 40% to ₹449 crore, primarily driven by Commerce and Government test preparation segments. Management provided guidance for FY27, targeting revenue of ₹670 crore, EBITDA of ₹260 crore, and PAT of ₹144 crore. The Co-Chairman has outlined an ambition for 3-4 times revenue growth in the Commerce segment over the next 3-4 years, with a focus on product and geographic expansion, and a long-term aspiration to achieve ₹1,000+ crore revenue by FY30. The company also announced that the final NCLT approval for the proposed commerce demerger is expected by mid-July 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0IQ001011/9bbc9b207ede46dd.pdf