CL Educate Limited — Investor Meet, 12-02-2026: Analysts/Institutional Investor Meet/Con. Call Updates

CL Educate's 9-month revenue climbed 67% to ₹445 Cr, with EBITDA up 120% to ₹59 Cr. DEX Global was a key driver, growing revenue 12% to ₹194 Cr with improved margins, securing 100% client rollover and launching mySathi, India's first on-demand, AI-powered adaptive test. MarTech also showed steady growth. EdTech revenue declined to ₹127 Cr, facing structural shifts, though BBA-IPM programs are gaining traction. Management acknowledges short-term cash stress, with promoters providing a loan, and is pursuing a capital raise to fund growth and deleverage the ₹210 Cr DEX acquisition loan within 24-36 months. The company sees significant long-term value from DEXIT synergies and mySathi's disruptive potential.