CL Educate sees revenue growth, DEXIT integration drives performance

CL Educate Limited announced 64% year-on-year growth in total revenue for H1 FY26, reaching INR 319 crores compared to INR 194 crores in H1 last year. This surge was largely attributed to DEXIT Global, which contributed INR 139 crores to revenue and INR 38 crores to the overall EBITDA. The group's EBITDA consequently grew by 101% to INR 50 crores from INR 25 crores previously.

However, consolidated PAT for the period stood at INR 1.5 crores, down from INR 7.5 crores in the same period last year. This reduction in profit is primarily due to significantly higher finance costs of INR 26 crores, reflecting acquisition-related borrowings, and increased depreciation of INR 19 crores following the capitalization of intangible assets post-purchase. The company remains focused on debt reduction from a medium to long-term perspective.

The EdTech business saw continued market share retention despite pricing pressure, with a shift from offline to online segments and a focus on smaller ticket-size products. The MarTech business showed stable growth, increasing its international revenues, while the Digital Assessment business (DEXIT Global) recorded 12% revenue growth to INR 139 crores, driven by higher volumes, better operating mix, and capacity utilization across 237 centers.