Crizac Limited filed a regulatory disclosure pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, containing its audited consolidated financial results for Q4 FY26 and full year FY26 ended March 31, 2026. The Board of Directors approved these results at a meeting held on May 25, 2026.

Financial Performance Highlights

Q4 FY26 Results (Consolidated):

  • Total Income: ₹3,986 Mn, representing 14.7% YoY growth and 39.6% QoQ growth
  • EBITDA: ₹939 Mn, with 42.8% YoY growth
  • EBITDA Margin: 24.0%, expanding by 467 basis points YoY
  • PAT (Net Profit attributable to owners): ₹750 Mn, with 50.3% YoY growth
  • PAT Margin: 18.8%, expanding by 446 basis points YoY
  • Diluted EPS: ₹4.29, compared to ₹2.85 in Q4 FY25 (50.3% growth)

Full Year FY26 Results (Consolidated):

  • Total Income: ₹10,711 Mn, representing 21.0% YoY growth
  • EBITDA: ₹2,824 Mn, with 31.0% YoY growth
  • EBITDA Margin: 27.1%, expanding by 172 basis points YoY
  • PAT (Net Profit attributable to owners): ₹2,191 Mn, with 41.4% YoY growth
  • PAT Margin: 20.5%, expanding by 295 basis points YoY
  • Diluted EPS: ₹12.52, compared to ₹8.86 in FY25 (41.4% growth)

Operational Metrics and Business Performance

The company reported strong operational growth driven by:

  • 43.0% YoY growth in applications processed
  • 36.5% YoY growth in active agents
  • 13.8% YoY growth in student enrolments

The performance was attributed to deepened footprint across established destination markets and growth in application volumes and agent engagement across Asia, Africa, and other high-potential source regions.

Strategic Acquisitions and Investments

FY26 involved significant inorganic growth activities:

  • October 2025: Acquired Studies Planet, opening the LATAM market as a new source region
  • January 2026: Acquired 51% stake in Global Tree Careers, strengthening domestic origination and broadening B2C service portfolio
  • March 2026: Committed US$2.5 million to Edumentor project to advance AI-driven student matching capabilities
  • Scaled New Zealand vertical through onboarding of the Medway Educational Consultants team

Dividend Declaration

The Board declared a dividend of ₹8 per equity share during Q4 FY26, representing a payout ratio of approximately 64% of PAT.

Management Commentary

Mr. Vikash Agarwal, Chairman and Managing Director, commented that the performance reflects effective execution across organic and inorganic growth initiatives. He noted that global student mobility is navigating a dynamic environment with evolving visa policies, geopolitical disruptions, and strengthening US Dollar and Pound Sterling adding to cost burdens for students from emerging markets. However, long-term structural demand for quality international education remains strong.

Company Description

Crizac Limited operates a technology-driven B2B international student recruitment platform connecting student recruitment agents in source regions (Asia, Africa, Latin America) with higher education institutions in destination markets (UK, North America, New Zealand). The company utilizes AI-driven matching technology and maintains both B2B and B2C service portfolios.