Chennai (Tamil Nadu) [India] November 18: Veranda Learning Solutions Limited (BSE: 543514, NSE: VERANDA), a listed education company offering end-to-end solutions in education space, announced robust financial results for the second quarter and half-year ending September 30, 2024. The company delivered solid growth, capitalizing on new opportunities and continually providing high-impact educational outcomes.
In Q2 FY25, Veranda reported an operating revenue of ₹138.62 crore, a 40.91% increase from ₹98.37 crore in Q2 FY24. The EBITDA surged to ₹30.40 crore, marking a significant rise from ₹16.75 crore in the same period last year, driven by growth across business segments as well as operational efficiencies. Overall, the total revenue for H1FY25 stood at Rs. 257.61 crores, as compared to Rs. 167.27 crores in H1FY24. The Total number of students trained by the Veranda Group for H1FY25 stood at 1,72,198.
Consolidated Financial Highlights:
| Particulars (Rs. Crores) | Q2 FY25 | Q2 FY24 | Y-o-Y | Q1 FY25 | Q-o-Q | H1FY25 | H1FY24 | Y-o-Y |
| Revenue from Operations | 138.62 | 98.37 | 40.91% | 118.99 | 16.50% | 257.61 | 167.27 | 54.00% |
| Other Income | 1.83 | 1.90 | 7.43 | 9.26 | 3.48 | |||
| Total Income | 140.45 | 100.27 | 40.07% | 126.42 | 11.09% | 266.87 | 170.75 | 56.29% |
| Gross Profit | 84.17 | 56.63 | 48.64% | 72.44 | 16.19% | 156.61 | 95.01 | 64.83% |
| Gross Profit Margin (%) | 60.72% | 57.56% | 60.88% | 60.79% | 56.80% | |||
| Operating Expenses | ||||||||
| Advt. & Business Promotion | 15.83 | 14.46 | 9.45% | 16.05 | (1.40)% | 31.88 | 24.74 | 28.89% |
| Corporate Costs | 6.22 | 4.53 | 37.28% | 5.87 | 5.94% | 12.08 | 10.11 | 19.52% |
| Other Expenses | 31.43 | 21.68 | 44.94% | 29.13 | 7.89% | 60.55 | 38.62 | 56.81% |
| Non-Operating Expenses | ||||||||
| ESOPs/RSU | 2.12 | 1.10 | 92.01% | 1.22 | 74.01% | 3.34 | 2.64 | 26.60% |
| EBITDA | 30.40 | 16.75 | 81.54% | 27.61 | 10.13% | 58.01 | 22.39 | 159.13% |
| Finance Cost | 33.23 | 10.31 | 29.92 | 63.15 | 18.76 | |||
| Depreciation | 24.22 | 6.17 | 22.33 | 46.56 | 25.12 | |||
| Tax Expenses | 3.32 | 1.80 | 0.51 | 3.82 | (0.63) | |||
| PAT | (30.37) | (1.53) | (25.16) | (55.52) | (20.86) |
Key Consolidated Financial Highlights:
- Total Income: ₹140.45 crores in Q2 FY25 (up 40.07% YoY); ₹266.87 crores in H1 FY25 (up 56.29% YoY)
- Gross Profit: ₹84.17 crores with a margin of 60.72% in Q2 FY25; ₹156.61 crores with a margin of 60.79% in H1 FY25
- EBITDA: ₹30.40 crores in Q2 FY25 (up 81.54% YoY); ₹58.01 crores in H1 FY25 (up 159.13% YoY)
Commenting on the results, Mr. Suresh Kalpathi, Executive Director and Chairman of Veranda Learning Solutions, said: “I am pleased to announce Veranda Learning’s strong results in Q2 FY25, reflecting the effectiveness of our strategic initiatives and the resilience of our core verticals. We focused on expanding our academic alliances and partnerships, including our recent entry into the Middle East with J.K. Shah Classes in partnership with Jumeira University Connect. This achievement strengthens our international growth strategy and aligns with our commitment to providing quality education worldwide. With a solid H1 FY25 performance, we remain on track to exceed our full-year EBITDA target of ₹120 crores.”
Recent Strategic Highlights
- MoU with M.O.P. Vaishnav College for Women: Veranda IAS partnered with M.O.P. Vaishnav College to offer a Diploma in Governance and Policy Studies, designed to prepare students for public-sector roles and competitive exams.
- Collaboration with University of Technology Sydney: Veranda HigherEd joined forces with the University of Technology Sydney to provide courses in Digital & Social Media Marketing and Business Analytics, equipping professionals with essential modern skills.
- Partnership with Madras Christian College: Veranda XL partnered with Madras Christian College for on-campus Chartered Accountancy training through J.K. Shah Classes, supporting academic excellence.
- Expansion into the Middle East: Veranda Learning’s brand, J.K. Shah Classes, entered the UAE market with Jumeira University Connect, offering CA preparation courses aligned with KHDA standards.
ABOUT VERANDA EARNING SOLUTIONS
Established in 2018 by the Kalpathi AGS Group, Veranda Learning Solutions Limited has rapidly evolved into a prominent, publicly listed education company. With a strong foothold in the academic sector, managing both schools and colleges, as well as in test preparation, vocational training, and software upskilling, Veranda has significantly expanded its reach and impact. The company’s platform integrates advanced technology, robust processes, and innovative methodologies to deliver high- quality, personalized learning experiences to students nationwide. Committed to driving student success and achieving outstanding academic outcomes, Veranda employs a multi-modal delivery system supported by a disciplined and comprehensive learning framework. For more information, please visit www.verandalearning.com
MEDIA CONTACT FOR VERANDA LEARNING SOLUTIONS
SEEDLING KICKS
Rose Stephanie Justin – 8680 810342 stephanie@seedlingkicks.com
Puneet Chadha – 9884 440937 puneet@seedlingkicks.com
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