Veranda Learning Solutions Limited has submitted to the Exchange the Un-Audited financial results for the Quarter ended June 30, 2025.
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Veranda Learning Solutions reported consolidated revenue from operations of Rs. 13,926.74 Lakhs for Q1 FY26, up about 17% from Rs. 11,898.69 Lakhs in Q1 FY25. EBITDA (earnings before finance costs, depreciation and tax) jumped to Rs. 5,455.69 Lakhs (margin ~34.8%) from Rs. 2,760.76 Lakhs (~21.8%), aided by a one-time gain of Rs. 985.50 Lakhs from renegotiation of deferred consideration by subsidiary Veranda XL. The company swung to a consolidated profit after tax of Rs. 596.51 Lakhs from a loss of Rs. 625.28 Lakhs a year ago. On a standalone basis, revenue rose ~28.6% to Rs. 1,227.08 Lakhs but PAT fell sharply to just Rs. 3.93 Lakhs. The Board approved a QIP of Rs. 35,741.88 Lakhs completed in July (at Rs. 225.20/share), with proceeds primarily used to redeem Non-Convertible Debentures. The Board also gave in-principle approval for merging Veranda XL into the parent and demerging the Commerce business into a separate listed entity. Deloitte Haskins & Sells issued an unmodified limited review report, while prior period comparatives were restated following completion of the purchase price allocation for the Tapasya acquisition. A new secretarial auditor, M/s. Sandeep & Associates, was appointed for five years from FY26.
The results show a sharp operational turnaround at the consolidated level with strong margin expansion and a return to profitability, likely to be viewed positively by investors. Deleveraging via the QIP improves the balance sheet, and the proposed restructuring (merger and demerger of Commerce) could unlock long-term value, though the very weak standalone PAT is a watch point.