Financial Performance Q1 FY27

Revenue and Profitability

  • Revenue from operations: ₹802.63 Mn in Q1 FY27 vs ₹557.18 Mn in Q1 FY26 (44.05% YoY growth)
  • Other income: ₹58.34 Mn in Q1 FY27 vs ₹44.22 Mn in Q1 FY26
  • Total income: ₹860.97 Mn in Q1 FY27
  • EBITDA: ₹130.31 Mn (16.24% margin) vs ₹100.41 Mn (18.02% margin) in Q1 FY26 (29.78% YoY growth)
  • PAT: ₹92.28 Mn (11.50% margin) vs ₹58.73 Mn (10.54% margin) in Q1 FY26 (57.13% YoY growth)
  • Basic EPS: ₹0.80 per share in Q1 FY27 vs ₹0.60 per share in Q1 FY26

Expenditure Analysis

  • Employee benefit expenses: ₹417.09 Mn in Q1 FY27 vs ₹339.29 Mn in Q1 FY26
  • Other expenses: ₹255.23 Mn in Q1 FY27 vs ₹117.48 Mn in Q1 FY26
  • Total expenditure: ₹672.32 Mn in Q1 FY27
  • Depreciation: ₹65.29 Mn
  • Interest/finance cost: ₹5.05 Mn

One-Time Costs

Company incurred one-time costs for strategic initiatives:

  • Nearshore expansion: Initial hiring & ramp-up costs
  • Global sales hiring: Recruitment costs of ₹84 lakh (one-time)
  • AI capability building: ₹62 lakh (one-time)

Total one-time costs: ₹146 lakh

Business Overview

Business Segments

  • Education Technology Products: 36.6% of revenue
  • Education Technology Services: 63.4% of revenue

Client Base and Operations

  • Number of clients: 93
  • Number of employees: 1,114
  • Client concentration: Top 5 clients = 73.0%, Top 10 clients = 82.6%, Top 20 clients = 92.5%

Global Presence

  • Subsidiaries in UK, USA, Singapore, and India
  • Presence in Dubai and Malaysia
  • Expanding to new markets: Egypt, France, Italy, Brazil, Philippines

AI Strategy and Capabilities

AI-Levate Platform

  • Flexible LLM stack utilizing open-source and commercial LLMs (Mistral, GPT-4o)
  • Enterprise deployment options including on-premise or air-gapped setups
  • Domain-adaptive AI trained on owned, bias-screened data
  • Modular, plug-and-play architecture with AI-powered micro-apps

Target Use Cases

  • AI-driven question generation
  • Intelligent proctoring
  • Personalized learning
  • Automated assessment analysis

Management Commentary

Chairman & Managing Director Dhananjaya Sudhanva stated Q1 FY27 marked a strong start with robust revenue growth driven by continued momentum across Education Technology Services business and sustained demand for digital learning and assessment solutions. Highlighted successful execution of growth strategy and progress with AQA engagement implementation.

Growth Strategies

  • Expand global footprint in new markets (Egypt, France, Italy, Brazil, Philippines)
  • Deepen customer relationships through modern product solutions
  • Pursue strategic acquisitions in edtech space
  • Develop AI-led products and enter AI spectrum
  • Invest in modern frontier technologies
  • Strengthen brand positioning
  • Boost sales & marketing through global teams

Historical Financial Performance

FY24-FY26 Performance

  • Revenue: ₹1,982.97 Mn (FY24), ₹2,332.91 Mn (FY25), ₹2,725.21 Mn (FY26)
  • PAT: ₹127.53 Mn (FY24), ₹346.91 Mn (FY25), ₹433.81 Mn (FY26)
  • PAT Margin: 6.43% (FY24), 14.87% (FY25), 14.90% (FY26)
  • Basic EPS: ₹1.27 (FY24), ₹3.47 (FY25), ₹4.12 (FY26)

Balance Sheet Position (Mar-26)

  • Total assets: ₹6,782.21 Mn
  • Property, Plant & Equipment and Intangible: ₹570.99 Mn
  • Right of use asset: ₹63.16 Mn
  • Goodwill: ₹124.18 Mn
  • Other intangible assets: ₹879.63 Mn
  • Intangible assets under development: ₹122.40 Mn
  • Cash & cash equivalents: ₹648.71 Mn
  • Other bank balances: ₹812.32 Mn
  • Equity share capital: ₹1,150.84 Mn
  • Other equity: ₹4,632.42 Mn