Veranda Learning Solutions Limited has filed the transcript of its earnings conference call for Q3 FY26, held on February 06, 2026, with stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The comprehensive transcript provides detailed insights into the company's strong quarterly performance and strategic initiatives under its Veranda 2.0 transformation.

Q3 FY26 Financial Performance

The earnings call revealed exceptional financial results for the quarter ended December 31, 2025. Key performance metrics demonstrate robust operational leverage and disciplined execution across core verticals:

The company achieved its fourth consecutive profitable quarter, with student enrollments reaching 111,363, representing a 55% year-on-year increase. Collections grew by 46% to over ₹144.00 crores during the quarter.

Nine Months FY26 Consolidated Results

The strong quarterly execution translated into robust nine-month performance, reinforcing the company's strategic direction:

Demerger Process Update

Chairman Suresh Kalpathi provided significant updates on the commerce vertical demerger during the call. The process has advanced considerably with key regulatory approvals secured:

The demerger will create J.K. Shah Commerce Education Limited as a focused commerce education platform, with projected EBITDA of ₹200.00 crores for FY27.

Strategic Initiatives and AI Integration

The management outlined comprehensive AI adoption across multiple functions, including telecalling, assessments, customer support, and multilingual content delivery. Chief Operating Officer Aditya Malik reported that AI courses constitute 35% to 40% of Edureka's revenue, demonstrating successful monetization of emerging technology trends.

SNVA Veranda Partnership

The strategic partnership with SNVA has been formalized as SNVA Veranda Limited, targeting ₹250.00 crores revenue and over ₹60.00 crores EBITDA for FY27. The entity combines Veranda's domestic presence with SNVA's international university network across the US, UK, Europe, and Singapore.

Debt Refinancing and Capital Structure

CFO Mohasin Khan confirmed ongoing refinancing initiatives to replace existing debt of ₹222.00 crores at 17% interest rate with lower-cost alternatives at approximately 9.90%. The company secured ₹140.00 crores for refinancing purposes, significantly reducing future interest costs.

Forward Guidance

Management provided optimistic projections for FY27, expecting 60% to 65% EBITDA growth in core verticals through asset-light expansion models. The government test preparation segment will expand through franchising, while the academic segment plans to double managed schools through REIT partnerships.

The transcript is available on the company's website at verandalearning.com under stock exchange intimations, ensuring transparency and accessibility for all stakeholders.

Source: Veranda Learning Solutions Limited earnings call transcript filed under Regulation 30

Veranda Learning Solutions Limited has released its earnings presentation for the quarter ended December 31, 2025, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company submitted the presentation to both BSE Limited and National Stock Exchange of India Limited on February 06, 2026, highlighting its Q3FY26 performance and strategic outlook.

Regulatory Compliance and Exchange Submission

The earnings presentation was formally submitted to stock exchanges following the company's board meeting held on February 06, 2026. Company Secretary & Compliance Officer S. Balasundharam digitally signed the submission at 12:51:12 +05'30' on the same date.

Q3FY26 Financial Performance Highlights

The earnings presentation showcases remarkable financial recovery with revenue from operations growing 52% year-on-year to ₹117 crores in Q3FY26. The company reported EBITDA of ₹53 crores, representing a 328% increase compared to the previous year, while achieving net profit of ₹17 crores, marking a 110% year-on-year improvement.

Operational Excellence and Student Enrollment Growth

The presentation highlights significant operational improvements with student enrollments increasing 55% year-on-year to 1,11,363 in Q3FY26 from 71,897 in Q3FY25. Collections also demonstrated strong momentum, rising 46% to ₹144 crores compared to ₹98 crores in the corresponding quarter of the previous year.

Segment-wise Performance Analysis

The earnings presentation reveals strong performance across business verticals, with Commerce Test Prep emerging as the primary growth driver. Commerce Test Prep revenue surged to ₹80.2 crores in Q3FY26 from ₹38.1 crores in Q3FY25, while Government Test Prep maintained steady performance at ₹29.1 crores.

Strategic Initiatives and Future Outlook

The presentation outlines the company's Veranda 2.0 strategy implementation, including the demerger of the commerce vertical and divestment of the vocational segment to SNVA Veranda Limited in a 50:50 share-swap joint venture. The company targets revenue of ₹250+ crores and EBITDA of ₹60+ crores by FY27 through this strategic partnership spanning 60+ countries.

Document Accessibility and Investor Relations

The earnings presentation has been hosted on the company's official website at https://www.verandalearning.com/web/index.php/stock-exchange-intimations for stakeholder access. The comprehensive presentation includes management commentary from Chairman & Executive Director Kalpathi S Suresh, highlighting the company's sustained focus on operational excellence and disciplined strategic expansion.