Crizac Reports Strong Q3 FY26 Performance with 28% Revenue Growth and First Dividend

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.

Financial Metric:	Q3 FY26	Growth (%)
Revenue:	₹278.63 crores	+28% YoY
Net Profit:	₹50.52 crores	18% margin
EBITDA Margin:	23.19%	Maintained
Applications Processed:	1.02 lakh	-

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.

Geographic Focus:	Details
UK Market Share:	90% of revenue
India Applications:	50% of total volume
Target Diversification:	Reduce UK to 50% over 5 years
New Markets:	Canada, Australia, New Zealand

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+7.83%	+2.69%	-17.62%	-35.23%	-37.99%	-37.99%

Crizac Limited has made available the audio recording of its earnings conference call for the third quarter and nine months ended December 31, 2025. The company announced this development through a regulatory filing dated January 28, 2026, ensuring transparency and accessibility for investors and stakeholders.

Conference Call Details

The earnings conference call was conducted on Wednesday, January 28, 2026, where company management discussed the unaudited financial results for Q3FY26 with analysts and investors. The call focused on the company's performance during the third quarter and nine months ended December 31, 2025.

Parameter:	Details
Call Date:	January 28, 2026
Results Period:	Q3FY26 (ended December 31, 2025)
Participants:	Analysts and Investors
Recording Access:	Company website

Regulatory Compliance

The announcement was made in accordance with Regulation 30 read with Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates listed companies to disclose material information that could impact investor decisions in a timely and transparent manner.

Access Information

Investors and stakeholders can access the conference call recording through the company's official website. The recording has been made available in the investor relations section, specifically under the analyst meets category. This initiative demonstrates Crizac Limited's commitment to maintaining transparency and providing easy access to financial information for all stakeholders.

The filing was signed by Kashish Arora, Company Secretary and Compliance Officer (Membership no: A38644), ensuring proper authorization and compliance with regulatory requirements.