Event Type: Q1 FY27 Earnings Conference Call hosted by Go India Advisors LLP, including post-results investor interaction and Q&A session.
Date and Time: The earnings call was held on August 13, 2026. Specific time and time zone were not disclosed in the transcript.
Purpose: Discussion of Un-audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, business performance updates, and progress on the commerce demerger process.
Timing Relative to Earnings: The call was held post-announcement of Q1 FY27 financial results.
Management Participants: Mr. Suresh Kalpathi (Chairman and Executive Director) and Mr. Mohasin Khan (Chief Financial Officer). The call was moderated by Ms. Soumya from Go India Advisors LLP.
Availability of Materials: The transcript of the earnings call was submitted to stock exchanges on August 17, 2026, and is available on the company's website at https://www.verandalearning.com/web/index.php/stock-exchange-intimations. No mention of presentation decks or recordings being made available.
UPSI Statement: The management reminded participants that the discussion may include forward-looking statements and must be viewed in conjunction with business risks, but no explicit statement about unpublished price sensitive information was made.
Financial Highlights and Guidance
Financial Period: Q1 FY27 (quarter ended June 30, 2026)
Financial Performance: Revenue from operations grew 42% YoY to ₹150 crores; PAT increased 472% YoY to ₹34 crores from ₹5.9 crores in Q1 FY26; EBITDA reached ₹54 crores with 36% margin; sixth consecutive quarter of PAT positive performance.
Segment-wise Performance: Commerce Test Prep revenue ₹108.6 crores (up 53% YoY) with 40% EBITDA margin; Government Test Prep revenue ₹32.5 crores (up 41% YoY) with EBITDA improving to nearly ₹4 crores; Academic segment revenue ₹12.2 crores (up 22% YoY) with EBITDA of ₹9.2 crores.
Operational Metrics: Total enrollments grew 35% YoY to approximately 1.03 lakh students; collections grew 27% YoY to ₹165 crores with ₹15 crores deferred to subsequent quarters.
FY27 Guidance: Revenue approximately ₹670 crores; EBITDA over ₹250 crores (specifically ₹260 crores); PAT about ₹140 crores (specifically ₹144 crores). Commerce business expected to contribute ₹450 crores revenue, ₹215 crores EBITDA, and ₹110 crores PAT; non-commerce business expected to contribute ₹220 crores revenue, ₹46 crores EBITDA, and ₹34 crores PAT.
Demerger Update: Commerce demerger process progressing with NCLT hearing scheduled for August 17, 2026; expected completion by first half of September 2026; JK Shah Commerce Education Limited to be separately listed with 1:1 share distribution to Veranda shareholders.
Strategic Priorities: Expand government test prep into Karnataka; enter preschool managed operations; expand offline commerce college network by 15 new locations; establish offline presence in North and West India (UP, Bihar, Rajasthan, Gujarat).
Debt Structure: Commerce business debt ₹125 crores; non-commerce business debt ₹145 crores; finance cost expected to be ₹7.5-8 crores per quarter going forward.
Additional Notes Section
Attachments: The document represents the full transcript of the earnings call submitted to stock exchanges.
Financial Data Disclosure: Significant financial data was disclosed including revenue, PAT, EBITDA, segment performance, guidance metrics, enrollment numbers, and collection figures.
Compliance: Submitted pursuant to Regulation 30 read with Part A of Schedule III and 46(2)(oa) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
