Vantage Knowledge Academy Limited, a BSE-listed education services company, has reported a significant increase in its financial performance for the first quarter.

Financial Highlights

• Total income rose to ₹94.85 lakhs, marking a substantial 72.8% increase from ₹54.87 lakhs in the same quarter of the previous fiscal year.
• Net profit after tax reached ₹42.45 lakhs, up 2.1% from ₹41.59 lakhs in the corresponding quarter last year.
• The company demonstrated sequential improvement with revenue growing 7.7% from the previous quarter.
• Earnings per share stood at ₹1.24.

Quarterly Performance Comparison

The company has shown a remarkable turnaround from the previous quarter, swinging from a loss of ₹106.15 lakhs to a profit of ₹42.45 lakhs.

Management Commentary

Neeta Dedhia, Managing Director of Vantage Knowledge Academy Limited, stated in the company's official filing, "We are pleased to report a strong start to the fiscal year with significant growth in our revenue and profitability. Our focus on quality education services continues to drive our performance."

About Vantage Knowledge Academy Limited

Vantage Knowledge Academy Limited is an education services company listed on the Bombay Stock Exchange. The company has a paid-up equity share capital of ₹3,414.75 lakhs.

The financial results were published in compliance with the Securities and Exchange Board of India (SEBI) listing requirements, demonstrating the company's commitment to transparency and regulatory compliance.

Investors and stakeholders can find the detailed quarterly financial results on the company's website and on the BSE website.

Vantage Knowledge Academy Limited , a company specializing in educational content and services, has reported a significant increase in revenue and profit for the quarter ended June 30. The company also announced the appointment of new secretarial auditors for a five-year term.

Financial Performance

Vantage Knowledge Academy's unaudited standalone financial results for Q1 show impressive growth:

The company's revenue from operations saw a substantial increase of 86.8% year-on-year, rising from Rs. 50.00 lacs to Rs. 93.41 lacs. Total income, including other income, grew by 72.9% to Rs. 94.85 lacs.

Net profit for the quarter showed a modest increase of 2.1%, reaching Rs. 42.45 lacs compared to Rs. 41.59 lacs in the same quarter last year. However, the basic earnings per share (EPS) decreased to Rs. 0.01 from Rs. 0.04, primarily due to an increase in the company's paid-up equity share capital.

Appointment of New Secretarial Auditors

In a significant corporate governance move, Vantage Knowledge Academy's Board of Directors has approved the appointment of M/s. Ramesh Chandra Bagdi and Associates as the company's Secretarial Auditors. The appointment is for a term of five consecutive years, from FY2025-26 to FY2029-30, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Key details of the appointment include:

• The firm will hold office from the conclusion of the 12th AGM until the conclusion of the 17th AGM.
• M/s. Ramesh Chandra Bagdi and Associates is a reputed firm of Practicing Company Secretaries.
• The firm is headed by CS Ramesh Chandra Bagdi, who brings over two decades of professional experience in corporate laws, securities laws, and corporate governance advisory.
• They specialize in secretarial audits, annual secretarial compliance reports under SEBI (LODR) Regulations, and certifications under the Companies Act, 2013.

Management Commentary

Neeta Dedhia, Managing Director of Vantage Knowledge Academy Limited, signed off on the financial results and the appointment of the new secretarial auditors. The company's focus on educational content and services appears to be yielding positive results, as evidenced by the substantial revenue growth.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on August 14. The company operates in a single segment, and the unaudited financial results will be available on the company's website and the BSE website.