Veranda Learning Solutions Limited — Updates, 14-11-2024: Press Release

Veranda Learning Solutions has reported strong financial results for Q2 and H1 FY25. The company achieved a total income of ₹140.45 crore for Q2, marking a 40.07% year-over-year increase, while H1 income reached ₹266.87 crore, up 56.29% from the previous year. Operating revenue for Q2 was ₹138.62 crore, representing a significant 40.91% YoY growth, and EBITDA surged to ₹30.40 crore, an impressive 81.54% rise YoY. The gross profit margin improved to 60.72%. Notably, the total number of students trained in H1 FY25 amounted to 1,72,198.

Veranda is capitalizing on market opportunities through partnerships with institutions both locally and internationally, including a strategic expansion into the UAE for Chartered Accountancy training. The company is committed to enhancing its educational offerings and optimizing operational efficiencies to meet the demands of the evolving educational landscape, positioning itself for substantial growth in the future. The robust performance puts Veranda on track to exceed its full-year EBITDA target of ₹120 crore.