Crizac Limited delivered exceptional financial performance in Q3 FY26, demonstrating the strength of its global student recruitment platform and strategic expansion initiatives. The company held its earnings call on January 28, 2026, following the release of unaudited financial results for the quarter ended December 31, 2025.

Financial Performance Overview

The company reported robust growth across key financial metrics during the third quarter. Revenue reached ₹278.63 crores, representing a significant 28% year-on-year increase, while net profit stood at ₹50.52 crores with an 18% margin.

Operational Highlights

Crizac processed 1.02 lakh applications during Q3 FY26, with approximately 90% directed toward UK universities and the remainder to other destinations. The company maintains an acceptance rate of around 10% and continues to serve over 14,000 registered agents across its platform.

The business demonstrated strong operational leverage, with CEO Christopher Nagle highlighting that the company is "scaling up application volumes without proportional increases in fixed costs or headcounts." This asset-light, technology-driven model supports sustainable margin expansion.

Strategic Expansion and Diversification

Crizac has made significant progress in geographic diversification, with India now representing 50% of application volumes compared to higher concentrations previously. The company is experiencing accelerating growth from Asia (excluding India) and robust expansion in Africa and Latin America.

New Service Offerings and Acquisitions

The company has launched accommodation services across UK, Ireland, and USA, with plans to expand to Australia. This service generates ₹10,000 to ₹30,000 per student placement. Additionally, Crizac has introduced financial assistance services through partnerships with education loan providers, earning 0.8% to 2% commission on loan amounts.

Recent acquisitions include Studies Planet Limited for Latin American expansion and Global Tree (acquired January 6, 2026), which brings Australian university contracts to the portfolio.

Dividend Declaration and Financial Position

Crizac announced its first special interim dividend, supported by strong cash generation and a debt-free balance sheet. The company maintains approximately ₹450 crores in cash reserves as of December 31, 2025, providing substantial flexibility for future acquisitions and growth investments.

Management projects continued growth of 20-25% annually, with normalized EBITDA margins expected to remain between 23-25%. The company's strategic focus includes deepening institutional partnerships in developed markets, penetrating emerging source markets, and enhancing service offerings across the international student value chain.

Crizac Limited has announced that its board of directors will convene on January 28, 2026, to review and approve the company's third quarter financial performance and consider an interim dividend for shareholders. The meeting represents a key milestone in the company's quarterly reporting cycle for the financial year 2025-26.

Board Meeting Agenda

The board meeting, scheduled for Wednesday, January 28, 2026, will address two primary agenda items as per the company's regulatory filing dated January 22, 2026. The directors will review the unaudited standalone and consolidated financial results for the third quarter and nine months ended December 31, 2025. Additionally, the board will deliberate on declaring an interim dividend to equity shareholders for the current financial year.

Dividend Record Date and Timeline

The company has established a clear timeline for the potential dividend distribution process. Key dates and details include:

The record date of February 4, 2026, will determine which shareholders are entitled to receive the interim dividend payment, contingent upon the board's approval during the scheduled meeting.

Trading Window Restrictions

In compliance with SEBI regulations on insider trading, Crizac Limited has implemented trading window restrictions around the financial results announcement. The trading window closure details are:

• Closure Start Date: January 1, 2026
• Closure Duration: Until 48 hours after the board meeting
• Initial Notification: December 26, 2025
• Regulatory Compliance: SEBI (Prohibition of Insider Trading) Regulations, 2015

The extended closure period ensures compliance with regulatory requirements and prevents any potential insider trading activities related to the financial results and dividend announcement.

Regulatory Compliance

The board meeting announcement follows proper regulatory protocols under SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015. The company has notified both the National Stock Exchange of India Limited and BSE Limited about the scheduled meeting, maintaining transparency with all stakeholders. The notification was signed by Kashish Arora, Company Secretary and Compliance Officer, ensuring proper authorization and documentation of the corporate action.

The upcoming board meeting will provide investors and stakeholders with insights into Crizac Limited's financial performance for the third quarter of FY2026 and clarity on the company's dividend distribution strategy for the current financial year.