IT Training Services company Veranda Learning Solutions announced Q4FY26 & FY26 results Consolidated Financial Results: Consolidated Revenue from Operations for Q4FY26 stood at Rs 13,239.45 lakh, compared to Rs 11,680.49 lakh in Q3FY26, representing a QoQ growth of 13.35%, and a YoY increase of 51.61% from Rs 8,732.74 lakh in Q4FY25. Consolidated Total Income for the quarter was Rs 13,988.45 lakh, showing a QoQ growth of 9.98% from Rs 12,718.68 lakh and a YoY increase of 10.91% from Rs 12,612.56 lakh in Q4FY25. The Group reported a Consolidated Net Profit of Rs 1,569.74 lakh for Q4FY26, as against a Net Profit of Rs 1,253.90 lakh in Q3FY26, marking a QoQ increase of 25.19%. Compared to a Net Profit of Rs 831.55 lakh in Q4FY25, this represents a YoY growth of 88.77%. For FY26, Consolidated Revenue from Operations reached Rs 48,151.06 lakh, a YoY increase of 34.60% compared to Rs 35,772.95 lakh in FY25. Consolidated Total Income for FY26 stood at Rs 51,875.13 lakh, up 29.43% from Rs 40,080.90 lakh in FY25. The Group recorded a Consolidated Net Profit of Rs 12,975.11 lakh for FY26, compared to a Net Loss of Rs 25,169.19 lakh in FY25. Total Comprehensive Income for the Group for FY26 was Rs 12,936.65 lakh, compared to a Total Comprehensive Loss of Rs 25,187.21 lakh in FY25. Standalone Financial Results: Standalone Revenue from Operations for Q4FY26 was Rs 494.39 lakh, showing a QoQ increase of 38.21% from Rs 357.70 lakh, and a YoY decline of 48.45% from Rs 959.07 lakh in Q4FY25. Standalone Total Income for the quarter stood at Rs 1,562.06 lakh, reflecting a QoQ decrease of 32.53% from Rs 2,315.18 lakh and a YoY decrease of 66.27% from Rs 4,631.11 lakh in Q4FY25. The Company reported a Standalone Net Loss of Rs 326.13 lakh for Q4FY26, compared to a Net Profit of Rs 109.17 lakh in Q3FY26 and a Net Profit of Rs 755.26 lakh in Q4FY25. For FY26, Standalone Revenue from Operations was Rs 2,989.38 lakh, a decrease of 27.23% from Rs 4,108.24 lakh in FY25. The Standalone Net Loss for FY26 narrowed to Rs 93.25 lakh, compared to a Net Loss of Rs 384.54 lakh in FY25. Business Highlights: Segment-wise Performance: Commerce: This segment was the largest contributor with a revenue of Rs 33,459.25 lakh in FY26, recording a significant growth from Rs 19,533.43 lakh in FY25. Government test preparation: The segment reported a revenue of Rs 11,455.80 lakh in FY26, compared to Rs 13,304.95 lakh in FY25. Managed school services: Revenue for this segment grew to Rs 3,310.53 lakh in FY26 from Rs 2,847.80 lakh in FY25. Vocational education: This segment saw substantial growth, with revenue rising to Rs 1,075.63 lakh in FY26 from Rs 86.72 lakh in FY25. Others: Revenue from other segments stood at Rs 3,061.39 lakh in FY26, compared to Rs 4,180.24 lakh in FY25. Corporate and Strategic Developments: During the quarter ended September 30, 2025, the Group divested its entire shareholding in subsidiaries Brain4ce, VMLS, and Six Phrase through a share swap arrangement with SNVA, which has now become an associate company. The divestment resulted in a recorded profit of Rs 13,337.86 lakh in the consolidated financial results, representing the difference between the consideration received and the respective carrying values. The Group finalized the detailed Purchase Price Allocation (PPA) for the business combinations of BB Publication Private Limited and Navkar Digital Institute Private Limited during the year. This resulted in an increase in the value of intangible assets by Rs 201.61 lakh and Rs 49.38 lakh, respectively. The Board of Directors approved a Composite Scheme of Arrangement involving the merger of VXLS with the Company and the demerger of the Commerce Business into JKSC. The petition was filed with the NCLT on April 29, 2026, and is currently pending receipt of requisite approvals. In March 2026, Veranda Administrative Learning Solutions Private Limited transferred its entire shareholding in Neyyar Academy Private Limited and Neyyar Education Private Limited to Veranda Race Learning Solutions Private Limited. The Group implemented new Labour Codes effective November 21, 2025, assessing the impact on employee benefit expenses and recognizing the same within the current year. Suresh S. Kalpathi, Executive Director & Chairman, Veranda Learning Solutions, said: “We closed FY26 on a strong note, supported by sustained momentum in student enrolments, expansion of our course portfolio, and healthy traction across both online and offline formats. Revenue from operations for Q4FY26 stood at Rs 132 crore, registering a strong 52% YoY growth, while FY26 revenue increased 35% YoY to Rs 482 crore. The year also witnessed strong profitability improvement, with PAT reporting a significant turnaround to INR 129.7crore, marking its first full-year PAT-positive performance since listing. During the quarter, all key business verticals continued to demonstrate healthy traction. Importantly, we achieved a significant milestone in our corporate restructuring journey with the receipt of the first NCLT approval for the proposed commerce demerger. Further, shareholders approved the scheme through the successful completion of the EGM process. We now expect the final NCLT approval by mid-July, which will further strengthen our strategic focus and enhance long-term value creation across our core Academics and Government Test Preparation businesses. Post demerger, the company is targeting 3-4x revenue growth in commerce segment over the next 3-4 years through expansion by product and geographical expansion, with a long-term aspiration to achieve Rs 1,000+ crore revenue by FY30. While in noncommerce segment, growth is expected to be driven by geographic expansion in the southern part of India. Going forward, our focus remains on strengthening faculty capabilities, accelerating digital-led admissions, expanding university and corporate partnerships, launching higher-value programs, and improving marketing efficiency. These initiatives are expected to drive scalable growth, improve profitability, and reinforce our leadership position in the education ecosystem.” Result PDF