Veranda Learning reported its first full year profit in FY26 driven by increase in enrolments in the commerce and government test prep verticals. The revenue from operations for FY26 increased 35 per cent y-o-y to ₹482 crore supported by strong business momentum. Net profit came in at ₹130 crore for FY26, a sharp turnaround from net loss of ₹252 crore in FY25.
Revenue from operations for the quarter ended March 2026 (Q4FY26) stood at ₹132 crore, up 52 per cent y-o-y, while Q4FY26 PAT almost doubled y-o-y to ₹16 crore.
The company saw sharp decline in finance costs and other operating expenses, which also aided profitability in Q4 and FY26. Q4 also saw an exceptional charge of around ₹4.12 crore which included a one-time charge towards additional premium paid and unamortised loan processing charges relating to premature redemption of NCDs; and gain/loss on sale of subsidiaries.
Besides the turnaround, the company is now also closer to the demerger and separate listing of its commerce vertical, and now expects the final NCLT approval for the restructuring to come in by mid-July.
“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,” Suresh S Kalpathi, Executive Director and Chairman of Veranda Learning Solutions, said. “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,” he added.
The next NCLT hearing is said to be on June 3, 2026, taking Veranda closer to separately listing commerce vertical J. K. Shah Commerce Education Ltd. 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 ₹1,000+ crore revenue by FY30, Kalpathi added.
Overall enrolments for FY26 grew 21 per cent to 2.6 lakhs with collections increased 40 per cent primarily driven by Commerce and Govt. Test prep, Veranda Learning said in a statement.
In the fiscal, the company launched its Commerce Virtuals — the digital delivery of commerce courses in live and recorded formats for Class 11 & 12 students, enabling pan-India reach without physical infrastructure. It also expanded physical presence into new geographies through strategic offline locations targeting Tier 2/3 towns and untapped high-potential markets across India.