Transcript of earnings call - H 1 & FY26
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Awaiting price reaction for this filing.
Landmark Global Learning Ltd (formerly Landmark Immigration Consultants) reported H1 FY26 revenue of about INR 15.6 crores, down from INR 18 crores in the same period last year, hurt by deferred enrollments and longer student conversion cycles amid tighter visa rules and global uncertainty. EBITDA was around INR 74 lakhs and profit after tax was roughly INR 2.1 crores, with margins compressed because the company opened 5 new branches and spent aggressively on advertising and international education fairs. Management highlighted expansion plans including a Dubai campus (license expected within weeks), a Paris campus (in 45–60 days), and new student recruitment operations in Bangladesh, Africa, Nepal and Pakistan. The company guided for flat revenue in FY26 versus FY25, INR 80–90 crores in FY27, and a target of INR 150 crores revenue with INR 50 crores profit by FY28, supported by an asset-light campus model expected to break even within the first year.
Near-term numbers are weak on margin pressure and slower conversions, but the stock narrative is pivoting to international campus expansion and aggressive multi-year growth targets, which could support re-rating if execution holds. Shareholders should watch for the Dubai/Paris license milestones and H2 FY26 revenue recovery as the key triggers.