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

Veranda Learning Solutions Limited has appointed Suresh Surana & Associates LLP as its statutory auditor for a five-year term following the conclusion of the previous auditor's tenure. The board also approved the re-appointment of Mr. Kalpathi S Suresh as Chairman & Managing Director for a period of three years commencing October 28, 2026. These decisions were taken during a board meeting held on May 30, 2026, under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The appointment of Suresh Surana & Associates LLP, subject to shareholder approval, will be effective from the conclusion of the 8th Annual General Meeting and will continue until the conclusion of the 13th AGM. This change follows the completion of the five-year term of the former statutory auditor, Deloitte Haskins & Sells, in accordance with the Companies Act, 2013. The new firm is registered with the Institute of Chartered Accountants of India and holds a valid peer review certificate.

Mr. Kalpathi S Suresh's re-appointment as Chairman & Managing Director is also subject to the approval of the company's members. He has been associated with the company since October 28, 2021, and brings over two decades of experience in business strategy and management. The board approved this re-appointment based on the recommendations of the Nomination and Remuneration Committee.

In a separate strategic move, the board approved the transfer of Mr. Aditya Malik, Chief Operating Officer, to SNVA Veranda Limited, an associate company. This transfer is aimed at strengthening the vocational education vertical under SNVA Veranda Limited. Consequently, Mr. Aditya Malik will cease to be the Chief Operating Officer and Senior Management Personnel of Veranda Learning Solutions Limited with effect from May 31, 2026.

The board meeting commenced at 9.30 A.M. and concluded at 11.30 A.M. on May 30, 2026. The detailed disclosures regarding the auditor appointment, senior management transfer, and CMD re-appointment were submitted as Annexure A, Annexure B, and Annexure C respectively, in compliance with SEBI circulars.