Veranda Learning Solutions Sets Sights on Rs. 600 Crore Revenue in FY25, Share price jumps 2.8%

Strong Financial Performance Propels Share Price Near Day’s High

Veranda Learning Solutions Ltd., a growing name in education technology, has seen its share price gain 2.80%, trading near the day’s high. This price surge aligns with the company’s ambitious revenue target of Rs. 600 crore for FY25. Founded in 2018 by the Kalpathi AGS Group, Veranda continues to expand through strategic acquisitions and partnerships, both domestically and internationally.

Robust Financial Results

The company’s Q1FY25 results showcase a substantial performance boost, with operating revenue reported at Rs. 118.99 crore, reflecting a 72.69% increase compared to the previous year. EBITDA grew fivefold to Rs. 27.61 crore, emphasizing improved operational efficiency and execution. This solid performance has contributed to the recent upswing in Veranda’s share price.

Expansion into International Markets

Veranda’s reach now extends to the Middle East through a partnership with Jumeira University in the UAE, launching a Chartered Accountancy preparation course tailored to local needs. This expansion into the Middle East complements Veranda’s ongoing initiatives in India, including a new collaboration with Madras Christian College for CA training through JK Shah Classes.

Strengthening the Board with Academic Leaders

Adding to its momentum, Veranda has fortified its board by welcoming renowned education leaders, including Prof. Jitendra Kantilal Shah and Prof. Ashok Misra. Their combined academic and industry experience is anticipated to steer the company toward innovative growth, a factor influencing investor interest and share price activity.

Strategic Partnerships to Enhance Offerings

Veranda is collaborating with Pearson to launch a hybrid test prep program for India’s Bank PO exam, combining Pearson’s educational strengths with Veranda’s tech-driven solutions. Additionally, Veranda K-12 is partnering with Cambridge to introduce their educational programs in Eastern India, further solidifying Veranda’s foothold in the Indian education sector.

Conclusion

Veranda Learning Solutions’ share price movement reflects market optimism around its strategic growth targets and robust financial outlook. With a clear focus on expansion, new course offerings, and board restructuring, the company is positioned for continued progress, drawing positive attention from investors and stakeholders alike.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.