Veranda Learning Solutions reports strong Q2 FY26 growth, strategic moves

Veranda Learning Solutions Limited reported a robust performance for the quarter and half year ended September 30, 2025. Revenue from operations for Q2 FY26 increased by 20% year-over-year to INR 126.7 crore, with EBITDA surging by 63% and PAT by 185%. This strong growth was attributed to AI-focused courses, high-ticket programs, B2B corporate training, and strategic partnerships, alongside enhanced operational efficiency and cost optimization. Total collections rose to INR 173 crore from INR 137 crore in Q2 FY25, and enrollments grew to 107,209 from 61,923.

The company completed a maiden QIP of INR 357 crore, with 87% used to repay high-interest debt, making the Commerce vertical debt-free. It also divested its vocational arm to SNVA EduTech Ltd. in a 50:50 share-swap JV, without cash outflow, aiming for INR 250 crore plus revenue and INR 60 crore EBITDA by FY26 for the joint entity. Mr. Jitendra Kantilal Shah resigned as non-executive, non-independent director to focus on the Commerce vertical.

Veranda’s strategic priorities for Q3 include enhancing faculty capabilities, accelerating digital admissions, deepening university and corporate partnerships, and introducing high-value courses. The company will focus on scaling Academics and Government Test Prep verticals through targeted expansion and a franchise-owned, company-operated (FOCO) model. Revenue CAGR for Academics and Government Test Prep is projected at 59% and 30% (FY25-28E) respectively.