Western Overseas Study Abroad Ltd has entered into an agreement with RACUS GROUP, Russia, to recruit Indian students for Russian state universities. The company will act as a representative for the group of universities, attracting and recruiting citizens of India to study at the specified higher education institutions. This collaboration is expected to enhance the company's international presence and strengthen its position in the overseas education consultancy sector.

The agreement authorizes the company to prepare and transfer application documents of candidates to the universities in accordance with the requirements of the admission committees and the Ministry of Science and Higher Education of the Russian Federation. The agreement was entered into in the ordinary course of business.

The promoter or promoter group of the company does not have any interest in the university, and the agreement does not fall within the ambit of related party transactions. The company submitted the intimation to BSE Limited on July 3, 2026.

Key Details of the Agreement

Western Overseas Study Abroad Limited reported a net profit of ₹272.78 lakh for the financial year ended March 31, 2026, an increase of 23% compared to ₹221.06 lakh in the previous year. Revenue from operations for the period stood at ₹2027.45 lakh, down from ₹2272.52 lakh in FY25. The Board of Directors approved the audited standalone financial results during a meeting held on May 28, 2026. The statutory auditor, M/s. KVMS and Company, issued an unmodified opinion on the financial results.

Financial Performance

The company's total revenue for FY26 was ₹2034.52 lakh. Total expenses decreased to ₹1661.95 lakh from ₹1985.94 lakh in the prior year. Profit before tax for the year was ₹372.57 lakh, compared to ₹309.03 lakh in FY25. Basic and diluted earnings per equity share for FY26 were reported at ₹0.45, compared to ₹0.52 in the previous year.

Key Financial Metrics

Balance Sheet Highlights

The company's share capital increased to ₹601.20 lakh as of March 31, 2026, from ₹421.40 lakh in the previous year. Reserves and surplus surged to ₹1252.27 lakh from ₹231.16 lakh. Cash and cash equivalents improved significantly to ₹499.28 lakh from ₹21.51 lakh.