For Q1FY25, Veranda Learning’s operating revenue soared to Rs 118.99 crores, marking a substantial 72.69% increase from Q1FY24. The company’s EBITDA saw an even more dramatic rise, reaching ₹27.61 crores—a remarkable 400% jump from the Rs 5.64 crores reported in the same period last year. This surge in EBITDA underscores the company’s enhanced operational efficiency and successful execution of strategic initiatives. Overall, total revenue for the quarter stood at Rs 126.42 crores. The company also reported training 113,262 students during Q1FY25.
Commenting on the results, Suresh Kalpathi, Executive Director and Chairman of Veranda Learning Solutions, expressed his satisfaction: “I am delighted to announce that we have achieved stellar growth in Q1FY25, surpassing expectations during what is traditionally an off-season for the education industry. This performance underscores the strength and resilience of our business model.”
Kalpathi highlighted the key role of strategic partnerships in driving this success. He pointed to the expansion of the company’s partnership with Cambridge to introduce educational programs in Eastern India, starting with Kolkata, and the strategic alliance with Pearson to launch an extensive test preparation programme for the Bank PO examination. Additionally, the collaboration with the Karnataka Skill Development Corporation (KSDC) to implement a Wealth Management Course further solidified Veranda Learning’s presence in various educational verticals.
Looking ahead, Veranda Learning Solutions is optimistic about its growth prospects for the remainder of FY25. The company is committed to achieving its revenue target of Rs 600 crores, reflecting confidence in the sector’s potential and the strength of its strategic initiatives. “Our unwavering focus on delivering consistent operational and financial results is key to maintaining investor confidence and propelling Veranda Learning Solutions to new heights,” added Kalpathi.
In addition to its financial performance, Veranda Learning is also expanding its educational support in Eastern India through its partnership with Cambridge. The initiative aims to integrate 500 new schools into the Cambridge network, offering resources such as teacher training and performance monitoring.Moreover, Veranda’s strategic partnership with Pearson, through its Veranda Race division, aims to revolutionise test preparation for the Bank PO exam with a hybrid learning model that combines the strengths of both organisations. The company has also signed a Memorandum of Understanding (MoU) with Sri Krishna Arts and Science College to offer a B. Com course with ACCA accreditation, with the ambitious goal of training over 300,000 students over the next five years.
ET SpotlightWith its strong Q1 performance and a series of strategic initiatives, Veranda Learning Solutions is well-positioned to continue its growth trajectory and make a significant impact in the education sector.
