CL Educate Reports Strong H1 FY26 Growth: Revenue Up 62%, EBITDA Surges 92%
CL Educate's H1 FY26 results show strong revenue growth of 62% to ₹310.03 crore and a 92% increase in Operating EBITDA to ₹40.87 crore. However, net profit decreased to ₹1.49 crore from ₹7.55 crore in H1 FY25, primarily due to increased finance costs and depreciation following the acquisition of DEXIT Global Limited. Q2 FY26 saw improvements with revenue up 13% from Q1 and a return to profitability. The company's EdTech segment is stabilizing, while MarTech and Assessments continue to grow. Management remains focused on improving profitability and achieving zero net debt within 24 months.

*this image is generated using AI for illustrative purposes only.
CL Educate , a leading player in the EdTech and MarTech sectors, has announced robust financial results for the half year ended September 30, 2025, showcasing significant growth across key metrics.
Financial Highlights
- Revenue Surge: Consolidated Revenue from Operations grew by 62% year-over-year to ₹310.03 crore, up from ₹190.82 crore in H1 FY25.
- EBITDA Growth: Operating EBITDA saw a substantial increase of 92%, reaching ₹40.87 crore compared to ₹21.23 crore in the same period last year.
- Profit Before Tax: Stood at ₹5.55 crore, down from ₹15.17 crore in H1 FY25.
- Net Profit: Decreased to ₹1.49 crore from ₹7.55 crore in H1 FY25, primarily due to increased finance costs and depreciation.
Key Financial Metrics (H1 FY26 vs H1 FY25)
| Metric | H1 FY26 | H1 FY25 | YoY Change |
|---|---|---|---|
| Revenue from Operations | 310.03 | 190.82 | +62% |
| Operating EBITDA | 40.87 | 21.23 | +92% |
| Finance Cost | 26.15 | 1.46 | +1691% |
| Depreciation | 18.54 | 8.34 | +122% |
| Net Profit | 1.49 | 7.55 | -80% |
*All figures in ₹ crore
Quarterly Performance (Q2 FY26 vs Q1 FY26)
- Revenue from Operations increased by 13% to ₹164.34 crore in Q2 FY26, compared to ₹145.68 crore in Q1 FY26.
- Operating EBITDA improved to ₹23.36 crore from ₹17.50 crore.
- Net Profit after tax turned positive at ₹5.20 crore in Q2 FY26, compared to a loss of ₹3.71 crore in Q1 FY26.
Impact of DEXIT Global Limited Acquisition
The acquisition of DEXIT Global Limited (formerly NSEIT Limited) on February 20, 2025, has significantly impacted CL Educate's financial structure:
- Finance costs increased from ₹1.46 crore in H1 FY25 to ₹26.15 crore in H1 FY26.
- Depreciation rose from ₹8.34 crore to ₹18.54 crore.
These increases have contributed to the reduction in net profit despite strong revenue growth.
Management Commentary
Arjun Wadhwa, Group CFO of CL Educate, commented on the results: "The first half of FY26 reflects the strength of CL Educate's diversified business model. While EdTech is stabilizing post structural shifts, our MarTech and Assessments businesses continue to deliver solid double-digit growth."
He added, "The integration of DEXIT Global has expanded our opportunity horizon significantly, and we are already seeing early benefits from shared technology, customer pipelines, and cost synergies. As a group, we remain focused on improving profitability and achieving our stated goal of zero net debt within the next 24 months."
Business Segment Performance
- EdTech: Showing signs of stabilization after structural shifts in the industry.
- MarTech: Continues to deliver strong double-digit growth.
- DEX (Digital Assessments): The newly acquired DEXIT Global is contributing positively, with scalable solutions in professional certifications, recruitment exams, and other assessment areas.
Future Outlook
CL Educate is leveraging its diversified business model to navigate the evolving EdTech and MarTech landscapes. The integration of DEXIT Global is expected to enhance the company's position in the digital assessments market, which is projected to grow at a CAGR of 16% over the next 5 years.
The management's focus on improving profitability and achieving zero net debt in the next 24 months indicates a strategic approach to financial management and growth.
Investors and stakeholders will be watching closely to see how CL Educate balances its growth initiatives with financial prudence in the coming quarters.
Historical Stock Returns for CL Educate
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.99% | +1.46% | -4.60% | -7.36% | -23.10% | +431.07% |
































