Key Financial Figures - Consolidated Results (₹ millions)

Income:

  • Revenue from operations: ₹2,191.35 (Q1 FY27) vs ₹1,668.88 (Q1 FY26)
  • Other income: ₹89.20 (Q1 FY27) vs ₹92.00 (Q1 FY26)
  • Total income: ₹2,280.55 (Q1 FY27) vs ₹1,760.88 (Q1 FY26)

Expenses:

  • Employee benefits expense: ₹165.17 (Q1 FY27) vs ₹100.07 (Q1 FY26)
  • Other expenses: ₹379.30 (Q1 FY27) vs ₹294.72 (Q1 FY26)
  • Total expenses: ₹544.47 (Q1 FY27) vs ₹394.79 (Q1 FY26)
  • Depreciation and amortization: ₹412.45 (Q1 FY27) vs ₹261.51 (Q1 FY26)
  • Finance costs: ₹830.13 (Q1 FY27) vs ₹654.48 (Q1 FY26)

Profitability:

  • Profit before exceptional items and tax: ₹493.50 (Q1 FY27) vs ₹450.10 (Q1 FY26)
  • Exceptional items gain: (₹69.27) (Q1 FY27) due to impairment loss reversal on intangible assets and goodwill
  • Profit before tax: ₹424.23 (Q1 FY27) vs ₹1,535.84 (Q1 FY26)
  • Tax expense: ₹83.65 (Q1 FY27) vs ₹348.40 (Q1 FY26)
  • Net profit: ₹340.58 (Q1 FY27) vs ₹1,187.44 (Q1 FY26)

Earnings Per Share:

  • Basic EPS: ₹3.85 (Q1 FY27) vs ₹13.43 (Q1 FY26)
  • Diluted EPS: ₹3.18 (Q1 FY27) vs ₹13.43 (Q1 FY26)

Segment Performance - Consolidated (₹ millions)

Revenue:

  • Student accommodation (India): ₹1,147.05 (Q1 FY27) vs ₹1,002.75 (Q1 FY26)
  • K-12 Schools (India): ₹467.70 (Q1 FY27) vs ₹494.97 (Q1 FY26)
  • K-12 Schools (outside India): ₹576.60 (Q1 FY27) vs ₹171.16 (Q1 FY26)

Segment Results:

  • Student accommodation (India): ₹413.62 (Q1 FY27) vs ₹534.55 (Q1 FY26)
  • K-12 Schools (India): ₹359.63 (Q1 FY27) vs ₹360.38 (Q1 FY26)
  • K-12 Schools (outside India): ₹461.18 (Q1 FY27) vs ₹117.65 (Q1 FY26)

Key Financial Figures - Standalone Results (₹ millions)

Income:

  • Revenue from operations: ₹307.98 (Q1 FY27) vs ₹326.69 (Q1 FY26)
  • Other income: ₹198.54 (Q1 FY27) vs ₹111.99 (Q1 FY26)
  • Total income: ₹506.52 (Q1 FY27) vs ₹438.68 (Q1 FY26)

Profitability:

  • Net profit: ₹33.36 (Q1 FY27) vs ₹953.16 (Q1 FY26)
  • Basic EPS: ₹0.38 (Q1 FY27) vs ₹10.78 (Q1 FY26)
  • Diluted EPS: ₹0.31 (Q1 FY27) vs ₹10.78 (Q1 FY26)

Subsequent Events

IPO Completion:

  • Equity shares listed on BSE and NSE on September 30, 2026
  • Issued 58.01 million fresh equity shares at ₹362.00 per share (including securities premium of ₹361 per share)
  • Total issue proceeds: ₹21,000.00 million
  • Utilization: ₹11,000.00 million for acquisition of SPVs, ₹7,500.00 million for investment in existing subsidiaries for debt repayment, ₹2,500.00 million for general corporate purposes including share issue expenses

Acquisition of K-12 Entities:

  • Completed acquisition of 14 K-12 entities post-quarter end for cash consideration of ₹11,156.80 million
  • Acquisition funded majorly from IPO proceeds
  • Entities accounted as business combinations under common control with restatement of prior period financials

Corporate Actions

  • Granted 21,50,000 stock options (ESOPs) to eligible employees under Elevate Campuses Limited Employee Stock Option Scheme 2025
  • ESOP expense recognized: ₹26.52 million (consolidated), ₹24.18 million (standalone) for Q1 FY27
  • No ESOPs exercised during the quarter

Audit and Review

  • Limited review conducted by S R B C & Co LLP, Statutory Auditors
  • Board meeting held on October 19, 2026 from 7:02 PM to 7:35 PM IST
  • Figures for quarters ended June 30, 2025 and March 31, 2026 are unaudited and unreviewed

Capital Structure

  • Paid-up equity share capital: ₹22.11 million (22.11 million shares of face value ₹1 each)
  • Other equity (consolidated): ₹5,273.84 million as of March 31, 2026
  • Other equity (standalone): ₹8,973.46 million as of March 31, 2026