ALFA Finder
The call ran from 1:58 PM to 2:49 PM IST (51 min).
Key takeaways
Veranda reports profitability turnaround post-demerger of commerce business, focusing on government test-prep and managed schools.
| Management target | Revenue FY27 |
|---|
| Revenue growth | 17% YoY growth to ₹51 Cr in Q2 FY27. |
|---|---|
| Margins | EBITDA margins expanded to 25% from 23% QoQ. |
| Demand visibility | Strong demand in government competitive exams and K-12 segments. |
| Management confidence | High; emphasizing balance sheet deleveraging and focused business verticals. |
Growth
Revenue grew 17% YoY to ₹51 Cr; Government test-prep top-line jumped 31% YoY.
Outlook
Reiterated FY27 guidance of ₹175 Cr revenue, ₹46 Cr EBITDA, and ₹32 Cr PAT.
Risks
One-time fair valuation gain of ₹1,047 Cr masks underlying operational metrics; K12 scaling depends on partnerships.
Last quarter's promises, checked
Delivered
- Guided finance cost ₹7.5–8 Cr/qtr → delivered ₹4.8 Cr/qtr (= BEAT)
Partly delivered
- Guided non-comm FY27 EBITDA ₹46 Cr → reiterated ₹46 Cr (= PARTIAL, on track, unrealised)
Missed
- Guided non-comm FY27 rev ₹220 Cr → current guide ₹175 Cr (= MISS, guide cut)
- Guided non-comm FY27 PAT ₹34 Cr → current guide ₹32 Cr (= MISS)
- Guided FY27 EBITDA margin ~38.8% → Q2 margin 25% (= MISS, qtr vs FY)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Veranda Learning Solutions Q2 FY27 Results: Net Profit ₹1,092 Cr, Up 1042.8% YoY
Veranda Learning Solutions Ltd reported revenue from operations of ₹50.6 Cr (+17.1% YoY) and net profit of ₹1,092 Cr (+1042.8% YoY) for Q2 FY27.
- Key figure
- Net profit ₹1,092 Cr · +1042.8% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Management guides FY27 revenue at 670 Cr, EBITDA at 260 Cr, and PAT at 144 Cr.
Growth they described
Revenue grew 42% YoY to 150 Cr, supported by a 53% surge in the commerce segment.
Call details
| Company | Veranda Learning Solutions Ltd |
|---|---|
| NSE symbol | VERANDA |
| ISIN | INE0IQ001011 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 13 November 2026 |
| Time | 2:00 PM IST |
| Length | 51 min |
Veranda Learning Solutions Ltd: key numbers
- Share price
- ₹30.80
- Market cap
- ₹297.2 Cr
- Revenue (annual)
- ₹481.5 Cr
- Net profit (annual)
- ₹105.5 Cr
- P/E (TTM)
- 2.1×Sector 23.3×
- Promoter holding
- 32.65%-1.10% QoQ
- FII holding
- 2.73%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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