| Revenue growth | Q2 -36.7% YoY; H1 -18.3%; management calls Q2 one-off |
|---|---|
| Margins | Op EBITDA margin 32.2% vs 36.3% YoY; H1 30.6% vs 33.3% |
| Demand visibility | Pipeline visibility cited; deferred students returning for Q3 intakes |
| Management confidence | Confident: Q2 an exception; expects stronger Q3 |
Growth
H1 FY27 Operating Income ₹3,039 Mn (-18.3%), Op EBITDA ₹930 Mn (-24.9%), PAT ₹840 Mn (-10.7%). Q2 PBT -38.1% YoY.
Outlook
FY27 seen on track to maintain FY26 performance; H2 FY27 expected significantly stronger, growing over H2 FY26.
Risks
Visa tightening, flight disruption, FX moves, higher team/tech costs; depreciation switched WDV to SLM from April 2026.
Last quarter's promises, checked
Delivered
- FY27 EBITDA margin 25-27% → H1 30.6% (= BEAT, H1 only)
- Remain debt-free → net cash ₹5,695 Mn → ₹5,948 Mn (= BEAT)
Partly delivered
- FY27 flat vs FY26 → H1 Op income -18.3% YoY, H2 must offset (= PARTIAL, open)
- Q3/Q4 pent-up recovery → H2 'significantly stronger' reiterated, unproven (= PARTIAL, open)
- Ancillary 1-1.5% of revenue, 2-5% EBITDA → accommodation launched, no revenue disclosed (= PARTIAL)
Missed
- Q2 'a bit down' YoY → Op income -36.7% YoY (= MISS)
Investor Presentation filed with BSE, NSE: CRIZAC. Summary written with AI assistance from the document.
Crizac Ltd: key numbers
- Share price
- ₹138.56
- Market cap
- ₹2,425 Cr
- Revenue (annual)
- ₹1,042 Cr
- Net profit (annual)
- ₹219.1 Cr
- P/E (TTM)
- 11.0×Sector 33.8×
- Promoter holding
- 79.94%+0.00% QoQ
- FII holding
- 1.17%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Crizac Ltd
All →Crizac Results Update
Crizac reported Q2 FY27 Total Income down 34.5% YoY to ₹1,112 Mn and PAT of ₹369 Mn. An interim dividend of ₹4 per share was declared.
Crizac Dividend
Crizac set November 6, 2026 as record date for its FY2026-27 interim dividend of ₹4 per share. Payment completes by November 27, 2026.
Crizac Q2 FY27 Results: Net Profit ₹36.2 Cr, Down 25.1% YoY
Crizac Ltd reported revenue from operations of ₹102.7 Cr (-36.7% YoY) and net profit of ₹36.2 Cr (-25.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹36.2 Cr · -25.1% YoY
Crizac Board Meeting Date
Crizac Ltd intimated a board meeting on October 30, 2026 to approve Q2/H1 results and consider an interim dividend for FY2026-27. Record date is November 6, 2026, subject to board approval.
Crizac Product Launch
Crizac Ltd launched its Partner Growth Program providing marketing, certification and branding to partners. It targets the existing 17,400+ partner network, with no monetary value disclosed.
Crizac Other Announcement
Crizac Limited filed its quarterly compliance certificate under SEBI Regulation 74(5) for the period ended September 30, 2026, as received from its RTA.