Veranda Learning Solutions Limited — PPTs, 26-06-2025: Investor Presentation

1. Financial Highlights:

Veranda Learning reported consolidated revenue growth to ₹526 Cr in FY25 from ₹460 Cr in FY24, driven by all four business verticals. Total student count rose to 2.58 lakh in FY25 from 1.58 lakh in FY23, showing strong demand. EBITDA across segments expanded, notably Commerce Test Prep EBITDA increased to ₹100 Cr in FY25 from ₹74 Cr, with other verticals also turning positive. The company maintains a profitable, asset-light model supported by 200+ offline centers.

2. Strategic Initiatives & Growth Drivers:

Veranda is expanding K-12 student intake at key campuses to meet demand and enhance access to quality education. Commerce Test Prep is broadening offerings to include global certifications (CMA US, ACCA, CPA US) and scaling regional reach beyond Maharashtra. Government Test Prep is pushing digital engagement via a dedicated app and strengthening presence in South India. Vocational vertical is launching next-gen postgraduate programs with flexible hybrid delivery, aiming at career upskilling and international markets.

3. Business Developments:

Growth is fueled by acquisitions of leadership brands (BB Virtuals, Navkar Institute) enhancing online and offline commerce coaching mainly in North India. The launch of the Race Mobile App for Government Test Prep enriches digital content, tests, and performance tracking. New campuses are opening, including a college vertical footprint in Bengaluru.

4. Market Position & Competitive Advantage:

Veranda leverages a diversified and outcome-focused portfolio spanning K-12 to professional skilling, backed by founder-led, trusted brands. A scalable hybrid model with extensive offline presence and digital reach creates a strong moat. Its leadership in South India’s government exam prep and commerce coaching in key states stands out.

5. Investor Implications:

The firm shows positive growth potential from strong topline momentum, diversified vertical expansion, and digital adoption. Execution risks remain modest with clear pathways for organic and acquired growth. Investors should watch the scale-up of newer verticals and the impact of regional expansions for sustained margin improvement.