Key Financial Highlights - Q2 FY27

  • Revenue from Operations: ₹808.99 Mn, up 25.22% from Q2 FY26 (₹646.07 Mn)
  • EBITDA: ₹132.28 Mn, down 29.71% from Q2 FY26 (₹188.20 Mn)
  • EBITDA Margin: 16.35% vs 29.13% in Q2 FY26
  • PAT: ₹82.75 Mn, down 22.02% from Q2 FY26 (₹106.12 Mn)
  • PAT Margin: 10.23% vs 16.43% in Q2 FY26
  • Basic EPS: ₹0.72 per share vs ₹1.05 in Q2 FY26

Key Financial Highlights - H1 FY27

  • Revenue from Operations: ₹1,611.62 Mn, up 33.94% from H1 FY26 (₹1,203.25 Mn)
  • EBITDA: ₹262.59 Mn, down 9.02% from H1 FY26 (₹288.61 Mn)
  • EBITDA Margin: 16.29% vs 23.99% in H1 FY26
  • PAT: ₹175.03 Mn, up 6.18% from H1 FY26 (₹164.85 Mn)
  • PAT Margin: 10.86% vs 13.70% in H1 FY26
  • Basic EPS: ₹1.52 per share vs ₹1.65 in H1 FY26

Strategic Investments

Company made strategic investments totaling ₹20.30 Cr in FY27 across:

  • Overseas Sales Team: ₹9.70 Cr to expand international market coverage
  • Leadership Positions: ₹2.84 Cr to strengthen leadership bandwidth
  • Variable Pay to KMPs: ₹1.80 Cr to align management incentives
  • Recruitment & Training: ₹1.46 Cr to build specialized talent
  • New Product Development (expensed): ₹4.50 Cr for AI product development

Business Segment Performance

  • Education Technology Services: Core business segment with 52.2% margin in Q2 FY27
  • Q2 FY27 Education Technology Services Revenue: ₹491.4 Mn, up 41.9% YoY
  • Education Technology Services share of Q2 FY27 revenue: 60.75%

Management Commentary

Chairman & Managing Director Dhananjaya Sudhanva stated that profitability was impacted by higher employee costs, including external consultants for program delivery, and investments in global sales and leadership capabilities. These investments are strategic and expected to strengthen capabilities long-term. The company delivered healthy revenue performance driven by momentum in Education Technology Services and sustained demand for digital learning and assessment solutions. The company remains focused on executing existing programs, improving operational efficiency, and remains on track to deliver committed top-line growth for FY27.

Company Overview

  • 26 years of experience in technology-led solutions for global learning and assessment industry
  • Serves customers across 25+ countries
  • 1,072 total employees globally
  • Business segments: Assessment and Proctoring Solutions, Learning and Student Success Solutions
  • Key products: SARAS E-Assessments, EasyProctor, AI-levate (AI-powered platform)

Recent Developments

  • Joint AI taskforce with leading UK awarding body on ethical e-marking of handwritten content
  • 4 new AI native product launches from 38 ideas
  • Awards: ET Education Awards 2026 - Leadership Award (CMD) & Gold for Assessment Solutions; AsiaOne India's Greatest Leaders 2026; Finalist - eAA 2026

Growth Strategies

Company outlined key growth strategies including: expanding presence in new markets (Egypt, France, Italy, Brazil, Philippines), strengthening brand positioning, product portfolio innovation, global sales team expansion, strategic acquisitions in edtech, AI-led product development, and investing in modern frontier technologies.

Historical Financial Performance

  • FY26 Revenue: ₹2,725.21 Mn, PAT: ₹433.81 Mn, PAT Margin: 14.90%
  • FY25 Revenue: ₹2,332.91 Mn, PAT: ₹346.91 Mn, PAT Margin: 14.87%
  • FY24 Revenue: ₹1,982.97 Mn, PAT: ₹127.53 Mn, PAT Margin: 6.43%