Shanti Educational Initiatives Limited reported a standalone Profit After Tax of ₹553.17 Lakhs for FY 2025-26, down from ₹662.71 Lakhs in FY 2024-25, as revenue from operations declined to ₹2348.86 Lakhs from ₹2632.21 Lakhs.

FY26 Financial Performance

On a standalone basis, total income for FY 2025-26 stood at ₹2757.64 Lakhs compared to ₹2981.13 Lakhs in the previous year. EBITDA came in at ₹801.91 Lakhs, representing a margin of 34.14%. The company maintained a debt-to-equity ratio of 0.00, reflecting a debt-free balance sheet. Basic and diluted EPS stood at ₹0.34 for FY 2025-26, compared to ₹0.41 in FY 2024-25.

On a consolidated basis, total income declined to ₹5942.96 Lakhs from ₹6317.88 Lakhs. Consolidated Profit Before Tax was ₹777.20 Lakhs versus ₹978.16 Lakhs in the prior year, while consolidated Profit After Tax was ₹589.22 Lakhs compared to ₹706.21 Lakhs. Consolidated basic and diluted EPS stood at ₹0.37 against ₹0.44 in FY 2024-25.

Standalone Financial Summary

Consolidated Financial Summary

Proposed Merger with GREW Energy

On 2 March 2026, the Boards of Shanti Educational Initiatives Limited and GREW Energy Private Limited (GEPL) approved a proposed Scheme of Arrangement. Under the scheme, the company's education business undertaking will first be transferred to Shanti Learning Initiatives Private Limited via a slump sale, preserving the education operations as a distinct entity. Shanti Educational Initiatives will then amalgamate with GEPL, with GEPL issuing shares to existing shareholders at an approved exchange ratio of 100 GEPL equity shares (face value ₹1) for every 212 SEIL shares held.

The share exchange ratio was determined by two independent registered valuers — M/s Finvox Analytics and A N Gawade — and advised by Ernst & Young and P. Murali Consultants Private Limited. Upon receipt of all regulatory approvals from shareholders, creditors, stock exchanges, and the National Company Law Tribunal, GREW Energy will be listed on a recognised stock exchange.

Key Merger Parameters

Business Operations and Key Metrics

Shanti Educational Initiatives operates six brands spanning early childhood education, STEM and robotics, international education counselling, uniform manufacturing, and soft skills training. As of FY 2025-26, the company's network comprised 350+ preschool centres across 74+ cities under the Shanti Juniors and Little Marvels brands. WSRO, its robotics education arm, has trained 25,000+ students aged 4 to 20 across 10 countries since 2018. Keystone Global represents 500+ universities across 10 countries.

Total capital expenditure for FY 2025-26 stood at ₹11.24 Lakhs. Equity and reserves as at 31 March 2026 were ₹7582.77 Lakhs on a standalone basis. The company reported foreign exchange outgo of ₹66.82 Lakhs for the year, primarily on account of FranklinCovey service imports.

AGM and Dividend

The 38th Annual General Meeting is scheduled for Friday, 25 September 2026 at 3:00 PM via Video Conferencing. The Board has not proposed any dividend for FY 2025-26. The company's total CSR obligation for FY 2025-26 was ₹11,20,031, which was fully spent through implementing agencies Happiness Reserve Foundation and Chiripal Charitable Trust, covering education promotion and preventive healthcare activities.

Shanti Educational Initiatives Limited reported a consolidated net profit of ₹282.22 lakhs for the quarter ended June 30, 2026 (Q1FY27), marking a significant sequential recovery from ₹98.37 lakhs in the preceding quarter. Consolidated revenue from operations grew 7.5% year-on-year to ₹1,629.86 lakhs, driven by expansion in its education segment. The Board of Directors approved the financial results on August 11, 2026, alongside the appointment of Ms. Shruti Manoj Bapaye as the new Company Secretary and Compliance Officer, replacing Ms. Pooja Hemang Khakhi who resigned for better opportunities.

The Board meeting, held in Ahmedabad, also approved the 38th Notice of Annual General Meeting (AGM) and the Director's Report for the fiscal year ended March 31, 2026. The AGM is scheduled to be conducted via video conference or other audio-visual means on September 25, 2026. The unaudited financial results were reviewed by Nahta Jain & Associates, the statutory auditors, pursuant to Regulation 33 and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Consolidated revenue from operations stood at ₹1,629.86 lakhs in Q1FY27, compared to ₹1,516.37 lakhs in the corresponding period of FY26. EBITDA for the quarter was ₹43 million versus ₹40 million in Q1FY26, with the EBITDA margin holding steady at 26.29% against 26.52% in the year-ago period. Other income decreased significantly to ₹2.85 lakhs from ₹134.17 lakhs in the previous quarter, though it remained lower than the ₹10.71 lakhs recorded in Q1FY26. Total expenses were ₹1,256.08 lakhs, down from ₹2,295.99 lakhs in Q4FY26 but higher than ₹1,162.64 lakhs in Q1FY26. Profit before tax was ₹376.63 lakhs, compared to ₹364.43 lakhs in Q1FY26.

Standalone net profit was ₹248.92 lakhs, nearly flat against ₹249.51 lakhs in Q1FY26. Standalone revenue from operations rose 6.4% to ₹833.74 lakhs from ₹890.94 lakhs in the prior year quarter. Basic and diluted earnings per share (EPS) on a consolidated basis were ₹0.18, unchanged from Q1FY26.

The following table summarises the key financial metrics for the quarter:

Management Changes

Ms. Pooja Hemang Khakhi resigned from the post of Company Secretary, Compliance Officer, and Key Managerial Personnel with effect from the close of business hours on August 11, 2026, citing better opportunities. Her resignation was accepted by the Board. Ms. Shruti Manoj Bapaye was appointed as the new Company Secretary cum Compliance Officer and Senior Management Personnel designated as Key Managerial Personnel, effective August 12, 2026. Ms. Bapaye is a qualified Company Secretary and an Associate Member of the Institute of Company Secretaries of India.

What the Numbers Show

The financial data indicates a stabilization in profitability after a dip in Q4FY26. While consolidated net profit saw a slight year-on-year contraction, the sequential improvement from Q4FY26 suggests operational recovery. The marginal compression in EBITDA margin to 26.29% from 26.52% reflects broadly stable operating efficiency. The significant drop in other income in both standalone and consolidated figures compared to Q4FY26 highlights that the current quarter's performance is driven primarily by core educational operations rather than non-operating gains. The inclusion of UniformVerse Pvt Ltd, whose unaudited results contributed ₹282.22 lakhs to the group's profit after tax, underscores the subsidiary's material impact on the consolidated bottom line.