Crizac Limited , through its wholly owned subsidiary Crizac Ltd, has made a strategic move in the international education sector by acquiring a majority stake in a UK-based student recruitment company. This acquisition aligns with Crizac's expansion plans, particularly in the South American market.

Acquisition Details

Crizac Ltd has acquired 51% of the equity share capital in Studies Planet.Com Limited, a company specializing in international student recruitment. Here are the key details of the acquisition:

About Studies Planet.Com Limited

Studies Planet.Com Limited, the acquired company, has been operating in the UK since its incorporation in 2007. The company's recent financial performance, as of September 30, 2024, shows:

Strategic Implications

This acquisition is part of Crizac's broader strategy to:

1. Expand into the South American market
2. Enhance its presence in the education sector

The move suggests Crizac's intent to leverage Studies Planet.Com Limited's expertise in international student recruitment to strengthen its position in the global education market.

Transaction Details

While the acquisition price remains undisclosed due to confidentiality reasons, some aspects of the deal have been revealed:

• The transaction will be completed through cash payments.
• Payments may be made in one or more tranches.
• The deal is not classified as a related party transaction.

This strategic acquisition by Crizac Limited demonstrates the company's commitment to growth and diversification in the international education sector. As the education landscape continues to evolve globally, this move could potentially position Crizac to capitalize on emerging opportunities in student recruitment and cross-border education services.

Crizac Limited , a leading B2B education platform offering international student recruitment solutions, has announced strong financial results for the second quarter of fiscal year 2026, demonstrating significant growth across key metrics.

Financial Highlights

The company reported a substantial increase in profitability for Q2 FY26:

Crizac's revenue from operations grew by 24.92% year-over-year to ₹1,622.52 crore in Q2 FY26, up from ₹1,298.80 crore in the same quarter last year. The company's EBITDA nearly doubled to ₹632.70 crore, with the EBITDA margin expanding significantly to 39.00% from 24.89% in Q2 FY25.

Net profit saw a remarkable increase of 138.73%, reaching ₹483.35 crore compared to ₹202.47 crore in the corresponding quarter of the previous fiscal year. The PAT margin also improved substantially, rising to 28.45% from 14.81% year-over-year.

Operational Performance

Crizac processed approximately 100,000 student applications during Q2 FY26, compared to about 68,000 applications in Q2 FY25, indicating strong growth in its core business. The company has expanded its agent network, onboarding around 2,000 new agents on its platform during the quarter.

Dr. Vikash Agarwal, Chairman and Managing Director of Crizac, commented on the results, stating, "Our Q2 performance reflects the strength of our business model and the growing demand for international education services. The significant improvement in our margins is a result of our focus on operational efficiency and a favorable mix of higher-margin university partnerships."

Business Developments

During the quarter, Crizac launched an Accommodations Facility as a distributor, expanding its service offerings to international students. The company is also actively exploring new service verticals, including loan services and forex services, to provide a more comprehensive suite of solutions to its customers.

Crizac's proprietary technology platform continues to be a key differentiator, enabling efficient processing of applications and facilitating seamless communication between agents and global institutions of higher education.

Outlook

With a strong first half of FY26, Crizac is well-positioned to capitalize on the growing international education market. The company's debt-free status and strong operating cash flows provide a solid foundation for future growth and expansion into complementary services.

As Crizac continues to strengthen its relationships with global institutions of higher education and expand its agent network, it aims to further consolidate its position as a leading player in the international student recruitment solutions space.

The company's focus on technology-driven solutions and its ability to adapt to the evolving needs of students and educational institutions are expected to drive sustainable growth in the coming quarters.