Key Financial Figures - Consolidated (Rs. in Lakhs)
Income Statement for Q1 FY27 (Quarter Ended June 30, 2026):
- Revenue from operations: ₹1,495.39 lakhs (compared to ₹1,056.69 lakhs in Q1 FY26 and ₹1,323.95 lakhs in Q4 FY26)
- Other income: ₹19.40 lakhs (compared to ₹172.99 lakhs in Q1 FY26 and ₹74.90 lakhs in Q4 FY26)
- Total income: ₹1,514.78 lakhs
- Total expenses: ₹976.29 lakhs
- Employee benefits expense: ₹171.84 lakhs
- Lecturer fee: ₹228.58 lakhs
- Finance costs: ₹109.04 lakhs
- Depreciation and amortization: ₹143.96 lakhs
- Share of profit from associate: ₹18.71 lakhs
- Profit before tax: ₹304.20 lakhs
- Tax income: ₹(34.53) lakhs (includes current tax of ₹44.67 lakhs, deferred tax credit of ₹(5.62) lakhs, and tax relating to earlier years credit of ₹(73.59) lakhs)
- Profit after tax: ₹338.74 lakhs
- Total comprehensive income: ₹338.71 lakhs
Earnings Per Share (Face Value ₹10 each):
- Basic EPS: ₹3.03 (Continuing operations)
- Diluted EPS: ₹3.00 (Continuing operations)
Comparative Figures:
- Q1 FY26 Profit after tax: ₹59.18 lakhs
- Q4 FY26 Profit after tax: ₹156.97 lakhs
- FY26 Profit after tax: ₹1,297.51 lakhs
Key Financial Figures - Standalone (Rs. in Lakhs)
Income Statement for Q1 FY27:
- Revenue from operations: ₹57.92 lakhs
- Other income: ₹101.88 lakhs
- Total income: ₹159.80 lakhs
- Total expenses: ₹49.89 lakhs
- Finance costs: ₹107.90 lakhs
- Depreciation and amortization: ₹0.76 lakhs
- Loss before tax: ₹1.24 lakhs
- Tax expenses: ₹1.93 lakhs
- Loss after tax: ₹(0.69) lakhs
- Total comprehensive income: ₹0.03 lakhs
- Basic and diluted EPS: ₹(0.01)
Segment-Wise Performance (Consolidated)
Revenue by Segment for Q1 FY27:
- Managed school services: ₹122.49 lakhs
- Commerce: ₹1,085.81 lakhs
- Government test preparation: ₹325.20 lakhs
- Vocational education: ₹86.67 lakhs
- Others: ₹59.72 lakhs
- Total segment revenue: ₹1,679.89 lakhs
- Less: Inter-segment revenue: ₹184.50 lakhs
- Revenue from operations: ₹1,495.39 lakhs
Segment Results (EBITDA before exceptional items):
- Managed school services: ₹89.58 lakhs
- Commerce: ₹408.62 lakhs
- Government test preparation: ₹41.96 lakhs
- Vocational education: ₹19.75 lakhs
- Others: ₹(40.81) lakhs
- Total: ₹519.10 lakhs
Corporate and Regulatory Updates
Amalgamation Completion: Veranda K-12 Learning Solutions Private Limited (Transferor Company) amalgamated with Veranda Administrative Learning Solutions Private Limited (Transferee Company) effective April 1, 2025 (appointed date). The National Company Law Tribunal (NCLT) approved the scheme on July 31, 2026, and e-Form INC-28 was filed with ROC on August 11, 2026, making the scheme effective.
Tax Impact of Amalgamation: A tax provision of ₹766.67 lakhs recognized by Veranda K-12 Learning Solutions Private Limited in the previous year has been reversed due to availability of brought forward tax losses and unabsorbed depreciation of VALS.
RBI Registration Matters: VALS had applied for Core Investment Company (CIC) registration but subsequently sought a waiver. Following the amalgamation, the requirement for CIC registration no longer arises. The company has communicated this to RBI and awaits formal communication.
Veranda Learning Solutions Limited itself met CIC thresholds for FY26 and has applied to RBI on July 24, 2026, for regulatory relief/waiver while initiating restructuring measures to move outside CIC thresholds.
Other Corporate Actions:
- Composite Scheme of arrangement between the Company, VXLS and JKSC for merger and demerger of Commerce Business filed with NCLT on January 27, 2026
- Shareholding transfer of Neyyar Academy Private Limited and Neyyar Education Private Limited from VALS to VRLS completed on March 11, 2026
- Proposed merger of VILS and NAPL with VRLS approved by respective boards
- 12,000 stock options granted during the quarter; total outstanding options: 367,367
Board Meeting Details
The Board Meeting commenced at 10:30 AM IST and concluded at 12:00 PM IST on August 13, 2026. The Audit Committee reviewed the results on August 12, 2026.