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Aptech Ltd. Investor Presentation 2026
60838_rns_2026-05-25_ac2f1527-cb42-4720-b3fc-f02cd92c0bb0.pdf
Investor Presentation
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Aptech
Aptech Limited
Regd. office: Aptech House
A-65, MDC, Marol, Andheri (E),
Mumbai - 400 093.
T: 91 22 6828 2300 / 6646 2300
F: 91 22 6828 2399
www.Aptech-worldwide.com
Unleash your potential
May 25, 2026
| To,
BSE Limited
25th Floor, P J Towers,
Dalal Street,
Mumbai - 400 001 | To,
National Stock Exchange of India Limited
Exchange Plaza, Plot no. C/1, G Block,
Bandra-Kurla Complex,
Bandra (E), Mumbai - 400 051 |
| --- | --- |
| Scrip Code: 532475
Email: [email protected] | Symbol: APTECHT
Email: [email protected] |
Dear Sir/ Madam,
Sub: Submission of Investor Presentation for Q4 & FY2025-26.
Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Investor Presentation on the Audited Financial Results of the Company for the quarter and financial year ended March 31, 2026.
The aforesaid Investor Presentation is also being uploaded on the website of the Company.
This is for your information and record.
Thanking you.
For Aptech Limited
SHRUTI | Digitally signed by
SHRUTI Y LAUD
Y LAUD | Date: 2026.05.25
13:46:20 +05'30'
Shruti Laud
Compliance Officer
Membership No. A38705
Place: Mumbai
CIN No.: L72900MH2000PLC123841 Email Id: [email protected]
Aptech
Unleash your potential
UNLOCKING POTENTIAL,
SHAPING FUTURES
APTECH LIMITED
Investor Presentation Q4-FY2026
INVESTOR PRESENTATION - Q3 FY2026
Aptech
Unleash your potential
SAFE HARBOR
Caution Regarding Forward Looking Statements
Certain statements herein may be forward-looking statements, which may involve a number of risks, uncertainties, assumptions and other factors that could cause actual results to differ materially from those in such forward-looking statements. All statements, other than statements of historical fact are statements that could be perceived or deemed as forward-looking statements, including but not limited to the statements containing the words 'planned', 'expects', 'believes', 'strategy', 'opportunity', 'anticipates', 'hopes' or other similar words. The risks and uncertainties relating to these statements include but are not limited to, risks and uncertainties regarding the impact of pending regulatory and/or judicial proceedings, general economic conditions, consumer demand, seasonality, new store growth, fluctuations in earnings, competitive pressures, new product growth, ability to manage growth and other factors including those factors which may affect our cost advantage, wage increases in India, customer acceptances of our services, products and fee structures, our ability to attract and retain highly skilled professionals and our ability to integrate acquired assets in a cost-effective and timely manner.
INVESTOR PRESENTATION - Q4 FY2026
Aptech
Research & Development
In
INVESTOR PRESENTATION - Q4 FY2026
VISION
To be the preferred learning solutions company offering vocational training, skilling and non-formal education and make our students highly employable and job-ready with our industry relevant course curriculum.
MISSION
Aptech Limited – a trusted, self reliant and widely recognized Indian Brand, with global footprint delivering vocational training, skilling and non-formal education to students, professionals, universities & corporates, aiming to create and foster an ecosystem where youth are skilled, trained and prepared for successful employment or entrepreneurship.
Aptech
Unleash your potential
CORPORATE INFORMATION
Aptech over the last 4 decades has been a pioneering force in vocational training and skill development, with a robust global presence. Since its inception in 1986, Aptech has been dedicated to transforming careers and empowering individuals and enterprises with industry relevant skills for a dynamic global workforce.
Businesses
Global Retail
(Customer is an individual student)
Aptech, a homegrown Indian brand has been at the forefront of vocational training and skill-building. Ever since its commencement in 1986 and with a significant presence globally, Aptech Limited has effectively ventured into diverse sectors ranging from IT training, media & entertainment, virtual production, beauty & wellness, retail & aviation, pre-school segment, amongst others.
Under Individual Training, Aptech offers career and professional training through its multi-brands- Arena Animation & Maya Academy of Advanced Creativity (MAAC), Lakmé Academy powered by Aptech, Avalon Academy, Aptech Learning, The Virtual Production Academy, ProAlley and Aptech International Pre-school, amongst others.
Institutional Business
(Customer is an institution/corporation)
The Institutional Business segment specializes in assessments and testing services.
With over 2 decades of delivering high-quality, reliable examination and assessment solutions by supporting recruitment and entrance exams for government institutions and autonomous bodies
INVESTOR PRESENTATION - Q4 FY2020
Aptech
Unleash your potential
COMPANY AT A GLANCE
Pan-India presence across 26 states/UTs
570+ operational centers spread across 173 cities
Global footprint of 177+ operational centres across 16 countries
40 Years of Excellence
7.5+ million students
worldwide 20+ million tested
INVESTOR PRESENTATION - Q4 FY2026
Aptech
Unleash your potential
BOARD OF DIRECTORS (1/2)
MR. AMEET HARIANI
(Chairman & Non-Executive Independent Director)
- 35+ years of experience in corporate & commercial law, M&A, arbitration, and real estate finance; Solicitor enrolled with Bombay Incorporated Law Society and the Law Society of England & Wales
- Founder of Hariani & Co., bringing extensive legal, governance, & board oversight expertise
MS. VANDANA CHAMARIA
(Non-Executive Independent Director)
- Former head of Business, Brand and Reputation Marketing at Google India. She currently serves as Group CMO for Blue Tokai
- Brings deep expertise in marketing, brand building and digital ecosystems
MR. SIVARAMAKRISHNAN IYER
(Non-Executive Independent Director)
- Chartered Accountant with expertise in corporate finance, M&A & capital structuring
- Strategic advisor to companies & private investors across investment & fundraising decisions
MR. AMIT GOELA
(Non-Executive and Non-Independent Director)
- 30+ years of distinguished experience in the Indian financial & securities markets; Leads Investments at Rare Enterprises with expertise in macroeconomics, equity research, M&A, restructuring, and value creation
- MBA in Finance (University of North Florida) with significant international experience, bringing a global perspective to investment strategy
MR. NIKHIL DALAL
(Non-Executive Independent Director)
- Managing Director of JBCN Education, a progressive organization operating in the education vertical
- He holds a double major in Finance and Computer Information Technology from the prestigious Carnegie Mellon University in the United States
MR. VISHAL GUPTA
(Non-Executive and Non-Independent Director)
- Chartered Accountant (since 2009) and MBA from IESE Business School, Barcelona
- Executor & Trustee of Late Mr. Rakesh Jhunjhunwala's Estate, actively involved in estate management and associated philanthropic initiatives at Rare Family Foundation
MR. RONNIE TALATI
(Non-Executive Independent Director)
- Former Senior Leader at Titan; built Fastrack into a leading youth brand
- Strong expertise in branding, marketing & consumer business scaling
MR. RAJIV AGARWAL
(Non-Executive and Non-Independent Director)
- Graduated as a Chemical Engineer (IIT BHU, 1993) with deep expertise in investment strategy, multi-sector exposure, and board-level advisory experience
- Manages strategic investments for Rare Enterprises, Rekha Jhunjhunwala, and Rare Trusts, with responsibility for investment and risk management
INVESTOR PRESENTATION - Q4 FY2026
Aptech
THE
UNIVERSITY OF THE AUSTIN
Uniteach your potential
MANAGEMENT TEAM (2/2)
MR. SANDIP WELING
- Whole-time Director & CBO (Global Retail)
- 32+ years in consumer, franchise and distribution-led businesses
- Drives retail growth and scalability
MR. NEERAJ MALIK
- Whole-time Director & CBO (Institutional Business)
- 24+ years across IT, enterprise solutions and B2B platforms
- Leads institutional Business & enterprise skilling initiatives
MR. PAWAN NAWAL
- Chief Financial Officer
- 25+ years across IT, consumer, telecommunication & digital service companies
- Oversees financial discipline, capital allocation, controls & compliance
MR. SHOURYA K. CHAKRAVARTY
- Chief Human Resources Officer
- 30+ years across IT, ITeS, FMCG, Education
- Leads People Strategy, Leadership Development, Culture, Career Services & Development
INVESTOR PRESENTATION - Q4 FY2026
Aptech
Unleash your potential
CORPORATE HOLDING STRUCTURE
Aptech Limited (Holding Co.)
Subsidiaries
MEL Training & Assessments Limited
Aptech Training Limited FZE Dubai
AGLSM SDN BHD, Malaysia
Aptech Ventures Ltd, Mauritius
Aptech Investment Enhancers Limited
INVESTOR PRESENTATION - Q4 FY2026
Aptech
Unleash your potential
REVENUE MODEL
Retail delivers scalable, annuity-style growth
Institutional provides diversification and downside protection
| Parameters | Retail Segment (B2C) | Institutional Segment (B2B / B2G) |
|---|---|---|
| Revenue Source | Course fees, startup / renewal fees, training revenue | Assessment fees, training & certification contracts |
| Revenue Nature | Enrolment-driven, repeat intakes | Project / contract-based |
| Pricing Power | Moderate (higher in Overseas) | Depends on contract mix |
| Margin Profile | Higher operating leverage | Margin varies by project |
| Cost Structure | Asset-light, business partnered expansion | Execution-focused, lower marketing cost |
| Cash Flow Visibility | High with stable business partner base | Linked to contract execution cycle |
| Scalability | High via franchise additions | Moderate, execution bandwidth dependent |
| Risk Factors | Enrolment slowdown, franchise ROI stress, Slower adoption to newer courses | Client concentration, contract renewals |
| Contribution to Consolidated Business | Drives growth and valuation via scalable enrolments and brand-led demand | Provides revenue visibility through a diversified mix of institutional contracts |
INVESTOR PRESENTATION - Q4 FY2026
Aptech
Unleash your potential
BRAND PORTFOLIO TIMELINE
| I.T. Software Development, Hardware and Networking, English Language Learning, Financial Administration and Accounting | Customer Service, Airport Management, Cabin Crew, Ticketing, Hotel Management, Retail Store Management, Merchandising, Distribution, Travel and Tourism Industry Programs | Training in the English Language Skills including Speaking, Writing, Listening and Reading | Beauty & Wellness courses such as Beauty, Hair & Makeup, Skin, Nails & Cosmetology | Virtual Production, Filmmaking, Hybrid Virtual Production, Unreal Engine, LED Volume Wall |
|---|---|---|---|---|
| Overseas: Yes | ||||
| Brand: Aptech Computer Education | Overseas: No | |||
| Brand: Aptech Aviation Academy | Overseas: No | |||
| Brand: Aptech English Learning Academy | Overseas: No | |||
| Brand: Lakmé Academy Powered by Aptech (In Alliance with Lakmé Lever Private Limited) | Overseas: No | |||
| Brand: The Virtual Production Academy (The VPA) | ||||
| 1986 | 1996 | 2006 | 2007 | 2009 |
| Animation, Visual Effects, Gaming, Immersive Media, Digital Content Creation & Digital Media | Programs in Hardware, Local and Wide Area Networking, Routing & Switching Technologies | Animation, Visual Effects, Gaming, Immersive Media, Digital Content Creation & Digital Media | Mother-toddler, Pre-nursery, Nursery, Kindergarten-1, Kindergarten-2, Childcare and Activity centres | |
| Overseas: Yes | ||||
| Brand: Arena Animation | Overseas: Yes | |||
| Brand: Aptech Hardware and Networking Academy | Overseas: Yes | |||
| Brand: MAAC | Overseas: No | |||
| Brand: Aptech International Preschool |
BRANDS:
INVESTOR PRESENTATION - Q4 FY2026
Aptech
Unleash your potential
DOMESTIC FOOTPRINT
| Brand-wise Presence | # of Centres | # of States and UTs | # of Cities / Towns |
|---|---|---|---|
| Arena Animation | 169 | 24 | 93 |
| Lakmé Academy Powered by Aptech (LAPA) | 172 | 25 | 105 |
| Maya Academy of Advanced Creativity (MAAC) | 136 | 23 | 70 |
| Aptech Learning | 66 | 17 | 37 |
| Aptech International Pre-school | 15 | 9 | 9 |
| Aptech Aviation | 12 | 9 | 11 |
| Total | 570 | 26 | 173 |
| No of Centres | 570 Domestic Centres | ||
| --- | --- | ||
| Tier - 1 Cities | 47% | ||
| Tier - 2 Cities | 34% | ||
| Tier - 3 & 4 Cities | 19% |
*Status as on 31st March 2026
INVESTOR PRESENTATION - Q4 FY2026
Aptech
Unleash your potential
INTERNATIONAL FOOTPRINT
| Brand-wise Presence | # of Centres | # of Countries |
|---|---|---|
| Aptech Learning / ACE | 100 | 15 |
| Arena Multimedia | 66 | 10 |
| Aptech English | 4 | 4 |
| Aptech Networking | 6 | 4 |
| Maya Academy of Advanced Creativity (MAAC) | 1 | 1 |
| Total | 177 | |
| Region | # of Centres | # of Countries |
| --- | --- | --- |
| Africa | 81 | 6 |
| Asia | 35 | 1 |
| Middle East | 10 | 5 |
| SAARC (ex. India) | 51 | 4 |
| Total | 177 | 16 |
Nigeria
Kenya
Egypt
Uganda
Swaziland
Zambia
Top Continent in terms # of Countries: Africa
*Status as on 31st March 2026
INVESTOR PRESENTATION - Q4 FY2026
Aptech
Unleash your potential
INTERNATIONAL MARKET-WISE EXPANSION STRATEGY & INVESTMENT APPROACH
INVESTOR PRESENTATION - Q4 FY2026
Investment
Aptech
Unleash your potential
COUNTRYWISE – CORE BUSINESS & POSITIONING
VIETNAM
Career Pathway Accelerator for Future-Ready Talent
| 27+
YEARS
PRESENCE | High-End Diploma Programs
TG: Job, Upskill & Degree Pathway | FOCUS ON
AI
TECH
AVGC |
| --- | --- | --- |
NIGERIA
Gateway to Global Careers & Tech Mobility
| 27+
YEARS
PRESENCE | High-Value Tech Programs
+
TG: Job, Upskill & Degree Pathway | International Pathways Programs |
| --- | --- | --- |
QATAR
Career Catalyst for Expats & Nationals
| 33+
YEARS
PRESENCE | Job
Oriented Programs
+
TG: Govt. Job, Upskill & Degree Pathway | International Degree Pathways |
| --- | --- | --- |
SAARC
Professional Skill Accelerator + Employability Edge
| 26+
YEARS
PRESENCE | Leading TECH Institute with Industry-Linked Programs & Placement Focus
TG: Employability, Upskill, High School Equivalence |
| --- | --- |
EGYPT
Structured Skill Development within Institutional Ecosystem
| 10+
YEARS
PRESENCE | University-Affiliated Academic-Integrated Delivery Model
TG: Mandatory Program for MBBS, BDMS by Govt. of Egypt. |
| --- | --- |
ROW (Kenya, Uganda, Bahrain, Eswatini, Bangladesh)
Accessible Global Tech Education Platform
| PREMIUM Tech & Creative Vocational Education Provider
+
TG: Job, Upskill & Degree Pathway | International Degree Pathway |
| --- | --- |
INVESTOR PRESENTATION – Q4 FY2026
STRATEGY UPDATE
InSTITUTIONAL BUSINESS (FBG)
Aptech
Unleash your potential
Transitioning to a
Strengthened Business Model:
From Recovery to Strategic Scale
Financials
Focus on
Sustainable
Opportunities
Market Penetration
Govt, Education
& Corporate
Risk Management
Structured
Contract Portfolio
Macro Trends
Strong Skilling
Tailwinds
Scalability
Structured
Expansion Approach
Operations
Integrated
Technology Process
Recovery Phase
Stability
Quality Growth
STABLE
STRUCTURED
STRATEGIC
LONG-TERM VALUE
CREATION
INVESTOR PRESENTATION - Q4 FY2026
STRATEGIC OUTCOME
Aptech
Unleash your potential
WAY FORWARD – SUSTAINABLE & DE-RISKED GROWTH
Testing + Training
- Enterprise capability
- Scalable partnerships
De-risked Portfolio
- Strong payment cycles
- Repeat clients
Cash-Flow Discipline
- Faster collections
- Lean working capital
Selective Scale-up
- Key states & departments
- Sustainable expansion
Capability Moat
- Technology-Assisted Evaluation
- Technology platforms
- Algorithm led question banks
Institutional Biz : Long-Term Capability Partner
INVESTOR PRESENTATION - Q4 FY2026
BUSINESS MOAT
Aptech
Unleash your potential
Most Differentiators
| | Aptech®
Aptech's Brand Positioning | New-Age EdTech Peers |
| --- | --- | --- |
| | Integrated PHYGITAL ecosystem combining centres, digital learning, mentorship and practical execution | Primarily digital-first learning platforms |
| | Career-oriented skilling, employability and industry-linked outcomes | Academic, test-prep and content-led learning |
| | Asset-light partner-led expansion with disciplined scaling | Marketing-led customer acquisition driven scaling |
| | Diversified revenues across retail, institutional and international business | Predominantly student subscription-led revenues |
| | Physical interaction, mentorship, placements and blended learning support retention | Content engagement and educator-led stickiness |
| | Lower capex intensity with scalable operating leverage | Higher platform investment and acquisition costs |
| | Strong brand legacy, centre network, industry partnerships and workforce skilling relevance | Strong digital reach and online content scale |
INVESTOR PRESENTATION - Q4 FY2016
Aptech
Unleash your potential
KEY STRENGTHS / TAILWINDS
Strategic Area
Future-Ready Creator & Digital Skills
>>>
Launch of next-gen creator economy programs under MAAC & Arena Animation covering video creation, GenAI-driven content, personal branding & monetization.
>>>
Aligned with “Create in India, Create for the World”, positioning Aptech to benefit from the fast-growing Orange Economy and global creator ecosystem.
Geographic & Market Expansion
>>>
Global expansion initiatives, including engagement at the Vietnam-India Business Forum (FY25).
>>>
PHYGITAL model (physical centres supported by digital delivery) enabling low-capex scale across Tier-3 and rural India.
Innovation-Led Curriculum
>>>
Virtual Production Academy launched with programs in immersive media, real-time 3D, and GenAI.
>>>
Enhances vocational relevance by aligning courses with next-gen content creation technologies.
Customer-Centric Execution (CSAT-Driven)
>>>
Structured CSAT (Customer Satisfaction) framework implemented across all brands to improve learner satisfaction, retention and referrals.
>>>
Real-time dashboards and monthly surveys ensure continuous performance monitoring.
New Growth Engines & Strategic Partnerships
>>>
Expanding growth engines in AVGC and Media and Entertainment through strategic institutional partnerships.
>>>
3-year collaboration with NFDC - National Film Development Corporation of India (under Ministry of Information & Broadcasting, GoI) to develop industry-ready talent for the creative economy.
>>>
Enterprise-wide AI Charter introduced to integrate Generative AI across training programs.
INVESTOR PRESENTATION - Q4 FY2026
Aptech
Unleash your potential
ROADMAP-TO-OUTCOME TRANSLATION
- AI Film Making and Story Telling
- Longer-duration, career-oriented courses
- Centralised content & AI-led curriculum
- Franchise-led, asset-light expansion
- CSAT-led execution & alumni monetisation
- Selective institutional contracts
-
International & aviation-focused expansion
-
Higher Revenue per Student (ARPU)
- Improved order book & annuity visibility
- Higher Aptech revenue share
- Low capex, fast scaling
- Better retention & referrals
-
Reduced volatility & legal risk
-
Sustainable topline growth
- Predictable cash flows
- Margin expansion
- Higher ROCE & FCF conversion
- Lower acquisition cost, higher LTV
-
Stable earnings profile
-
EBITDA-accretive growth
- Margin enhancement & diversification
INVESTMENT RATIONALE
Aptech
Unleash your potential
Aptech's brand-led, franchise-driven model enables scalable growth with minimal capital deployment, delivering high operating leverage, RoCE, strong free cash flow generation, and resilience across cycles.
Proven, asset-light franchise model with recurring, predictable revenue streams
With long-standing brands such as Aptech Learning, Arena Animation, MAAC, and Aptech Aviation, the company enjoys high recall and trust-creating a durable entry barrier in vocational education where outcomes and credibility matter.
Deep Brand Equity Built Over ~4 decades in Job-Oriented Skill Education
Launch of India's first holistic end-to-end Virtual Production Academy and Gen-AI aligned programs demonstrates management's ability to refresh offerings proactively, future-proofing the business and mitigating course obsolescence risk.
Continuous Innovation
Protects Relevance Against
Technology Disruption
Debt-free balance sheet, high EBITDA-to-cash conversion, no promoter pledging, conservative capital allocation, and absence of unrelated diversification position Aptech as a rare, governance-clean compounder in the educational and vocational training space.
Strong Governance, Cash Discipline, and Low Downside Risk
Blending physical trust with digital scale while moving up the skilling value chain
INVESTOR PRESENTATION - Q4 FY2026
Aptach
Unleash your potential
MAAC & ARENA ANIMATION
Preparing Next-Gen for Future Creative Careers
| Focus area | Strategic Competitive Advantage | Focus area | Strategic Competitive Advantage |
|---|---|---|---|
| AI-Integrated Curriculum | AI integrated across animation, VFX, gaming, filmmaking, and digital content creation programs | Emerging Media Technologies | Exposure to virtual production trends, immersive content, and next-generation media workflows |
| GenAI-Based Creative Training | Training in AI image/video generation, AI audio creation, and AI-assisted content workflows | Balanced Learning Model | Combines AI-enabled workflows with core creative fundamentals and artistic thinking |
| Industry-Aligned Learning | Exposure to real-time production, virtual production, film, gaming, VFX, advertising, and creator economy ecosystems | Enhanced Student Outcomes | Improves creativity, productivity, presentation capability, and employability across digital industries |
| Digital Storytelling & Content Creation | Focus on storytelling, concept design, storyboard creation, and modern digital presentation techniques | Expanding Career Opportunities | Enables careers across OTT, animation, VFX, gaming, advertising, broadcast, and digital media sectors |
| Creative Production Workflows | Students trained on industry-style creative pipelines and practical project execution | Strategic Growth Vision | Building industry-ready creative talent aligned with global AVGC, GenAI, and creator economy demand |
INVESTOR PRESENTATION - Q4 FY2025
A
Apech
Unleash your potential
INDUSTRY OUTLOOK
| Industry Segment | Key Industry Stats | Forward Industry Outlook | Aptech Capability & Positioning |
|---|---|---|---|
| Beauty & Wellness | The Indian beauty and personal care market was valued at USD 28 billion in2024 and is expected to grow at a CAGR of 5.6% to USD 48.3 billion by 2033. | Employment-led growth driven by premiumization, digital marketing, AI/AR adoption and influencer ecosystems supports steady long-term skill demand. | Aptech's Lakmé Academy Powered by Aptech (LAPA) is a key segment, addressing the beauty and wellness skilling market, aligned with its short-cycle, employability-focused training model. |
| Media & Entertainmentt (M&E) | Indian M&E industry stood at ₹2.5 trillion in 2024 and is expected to reach ₹3.07 trillion by 2027, with digital media now contributing 32% of total revenues. | Consumption is structurally shifting toward digital platforms, driving sustained demand for digitally skilled creative talent despite stagnation in traditional media. | Arena Animation and MAAC are aligned to digital-first content creation skills, enabling Aptech to stay relevant as media consumption formats evolve. |
| AVGC / Animation / VFX | AVGC revenues declined 9% in 2024 to ₹103 billion due to global commissioning slowdown but are expected to recover at a 12.5% CAGR to ₹147 billion by 2027. |
Growth is driven by gig-based employment, AI-led content creation, short-form platforms and immersive technologies such as virtual production and 3D design | The segment is undergoing short-term cyclical correction but retains strong long-term structural potential driven by immersive media, localization & experiential content.
Union Budget 2026–27 allocated ₹250 crore to develop AVGC talent, including creator labs in 15,000 schools and 500 colleges under the “Create in India” initiative. | Aptech continues to strengthen core AVGC capabilities through Arena and MAAC, with curriculum aligned to emerging formats such as OTT, high-end VFX and immersive media. |
| Educational Skilling & Assessment | India's test preparation market is projected to grow at ~6.7% CAGR (2025–30), creating an opportunity driven by rising competitive exam intensity and increasing student enrollments | Structural demand driven by demographics, employability gaps and government-backed skilling initiatives, with increasing focus on AI, manufacturing and job-aligned training. | Aptech's core focus on skill training and assessments in the institutional segment is closely aligned with both government and private sector skilling demand, backed by strong training and assessment capabilities. |
INVESTOR PRESENTATION - Q4 FY2026
Aptech
Unleash your potential
FINANCIAL PERFORMANCE
| Particulars (INR Lakhs) | Q4 FY'26 | Q3 FY'26 | Q4 FY'25 | H2 FY'26 | H2 FY'25 | YoY%* | FY'26 | FY'25 | YoY%* |
|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 11,100 | 13,711 | 11,869 | 24,811 | 22,890 | 8% | 50,343 | 46,010 | 9% |
| Less: Operating expenses | 10,809 | 12,348 | 11,091 | 23,157 | 21,467 | 8% | 47,191 | 43,111 | 9% |
| EBITDA | 292 | 1,363 | 778 | 1,655 | 1,423 | 16% | 3,151 | 2,899 | 9% |
| EBITDA Margin (%) | 2.63% | 9.94% | 6.56% | 6.67% | 6.21% | +45 bps | 6.26% | 6.30% | -4 bps |
| Add: Other Income | 394 | 331 | 360 | 726 | 808 | -10% | 1,636 | 1,601 | 2% |
| Less: Depreciation | 193 | 204 | 194 | 397 | 411 | -3% | 804 | 853 | -6% |
| Profit Before Interest, Tax & Exceptional Items | 493 | 1,490 | 944 | 1,984 | 1,820 | 9% | 3,983 | 3,647 | 9% |
| Less: Interest | 32 | 41 | 13 | 73 | 46 | 57% | 181 | 97 | 87% |
| Profit Before Tax | 461 | 1,450 | 930 | 1,911 | 1,773 | 8% | 3,802 | 3,550 | 7% |
| Less: Tax (Current + Deferred) | 283 | 353 | 435 | 636 | 935 | -32% | 1,189 | 1,567 | -24% |
| Net Profit (excl. extra ord) | 178 | 1,096 | 495 | 1,274 | 838 | 52% | 2,613 | 1,984 | 32% |
| Net Profit Margin (%) (excl. extra ord) | 1.61% | 8.00% | 4.17% | 5.14% | 3.66% | +147 bps | 5.19% | 4.31% | +88 bps |
| Exceptional Items | - | 240 | 1 | 240 | -14 | - | 260 | 76 | - |
| Net Profit (Reported) | 178 | 856 | 494 | 1,034 | 852 | 21% | 2,352 | 1,908 | 23% |
| Reported EPS (Rs) | 0.31 | 1.48 | 0.85 | 1.79 | 1.47 | 22% | 4.06 | 3.29 | 23% |
| Adj. EPS (Rs) | 0.31 | 1.89 | 0.85 | 2.20 | 1.45 | 52% | 4.50 | 3.42 | 32% |
Exceptional item on account of change in labour code to the tune of Rs 2.40 cr in Q3FY26
* Rounded off
INVESTOR PRESENTATION - Q4 FY2026
Apiech Unleash your potential
SEGMENTAL PERFORMANCE
| Particulars (INR Lakhs) | Q4 FY'26 | Q3 FY'26 | Q4 FY'25 | H2 FY'26 | H2 FY'25 | YoY%* | FY'26 | FY'25 | YoY%* |
|---|---|---|---|---|---|---|---|---|---|
| Segment Revenue | |||||||||
| Retail | 8,147 | 10,179 | 10,338 | 18,326 | 20,704 | -11% | 38,923 | 42,492 | -8% |
| Institutional | 2,954 | 3,532 | 1,531 | 6,486 | 2,186 | 197% | 11,419 | 3,518 | 225% |
| Revenue from Operations | 11,100 | 13,711 | 11,869 | 24,811 | 22,890 | 8% | 50,343 | 46,010 | 9% |
| Retail (%) | 73% | 74% | 87% | 74% | 90% | -1,659 bps | 77% | 92% | -1,504 bps |
| Institutional (%) | 27% | 26% | 13% | 26% | 10% | +1,659 bps | 23% | 8% | +1,504 bps |
| Segment Results | |||||||||
| Retail | 1,028 | 1,676 | 1,522 | 2,704 | 3,412 | -21% | 5,793 | 7,096 | -18% |
| Institutional | 34 | 346 | -91 | 380 | -587 | 165% | 280 | -1,457 | 119% |
| Total | 1,062 | 2,023 | 1,431 | 3,085 | 2,825 | 9% | 6,072 | 5,639 | 8% |
| Exceptional Items | - | - | -1 | - | 14 | -20 | -76 | ||
| Total Segment Results (A) (EBIT) | 1,062 | 2,023 | 1,430 | 3,085 | 2,839 | 9% | 6,052 | 5,564 | 9% |
| Retail (EBIT %) | 97% | 83% | 106% | 88% | 120% | -3,251 bps | 96% | 128% | -3,184 bps |
| Institutional (EBIT %) | 3% | 17% | -6% | 12% | -21% | +3,301 bps | 5% | -26% | +3,081 bps |
| Unallocable Expenses | |||||||||
| Finance Cost | 2 | 10 | 2 | 13 | 21 | -41% | 57 | 39 | 45% |
| Other Expenses | 875 | 870 | 818 | 1,745 | 1,668 | 5% | 3,386 | 3,362 | 1% |
| Exceptional Items | - | 240 | - | 240 | - | 240 | - | ||
| Total Unallocable Expenses (B) | 878 | 1,120 | 820 | 1,998 | 1,689 | 18% | 3,683 | 3,402 | 8% |
| Other Income (C) | 277 | 307 | 320 | 584 | 637 | -8% | 1,172 | 1,312 | -11% |
| PBT (A-B+C) | 461 | 1,209 | 929 | 1,670 | 1,786 | -6% | 3,541 | 3,474 | 2% |
Exceptional item on account of change in labour code to the tune of Rs 2.40 cr in Q3FY26
* Rounded off
INVESTOR PRESENTATION - Q4 FY2026
Aptech
Unleash your potential
CONSOLIDATED INCOME STATEMENT
| Particulars (INR Lakhs) | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Revenue from Operations | 11,808 | 22,610 | 45,692 | 43,681 | 46,010 | 50,343 |
| Less: Operating expenses | 10,274 | 18,488 | 38,119 | 39,545 | 43,111 | 47,191 |
| EBITDA | 1,534 | 4,121 | 7,573 | 4,135 | 2,899 | 3,151 |
| EBITDA Margin % | 13% | 18% | 17% | 9% | 6% | 6% |
| Add: Other income | 756 | 1,069 | 1,317 | 1,587 | 1,601 | 1,636 |
| Less: Depreciation & Amortisation | 1,247 | 830 | 650 | 836 | 853 | 804 |
| Profit Before Interest, Tax & Exceptional Items | 1,043 | 4,360 | 8,240 | 4,886 | 3,647 | 3,983 |
| Less: Interest | 165 | 18 | 14 | 139 | 97 | 181 |
| Profit Before Tax | 878 | 4,342 | 8,226 | 4,747 | 3,550 | 3,802 |
| Less: Tax (Current + Deferred) | -348 | -601 | 1,457 | 1,132 | 1,567 | 1,189 |
| Net Profit (excl. extra ord) | 1,226 | 4,944 | 6,769 | 3,614 | 1,984 | 2,613 |
| Net profit Margin (%) (excl. extra ord) | 10% | 22% | 15% | 8% | 4% | 5% |
| Less: Exceptional Items | - | - | - | 710 | 76 | 260 |
| Net Profit (Reported) | 1,226 | 4,944 | 6,769 | 2,904 | 1,908 | 2,352 |
| Reported EPS (Rs) (bonus adjusted) | 3.03 | 12.07 | *11.69 | 5.01 | 3.29 | 4.06 |
Note: Institutional segment, earlier classified as discontinued in FY21, was reinstated as a continuing operation from Feb'22 following a sustained turnaround in business performance
Amount Rounded to the nearest lakh for ease of representation
*Issued bonus shares in the ratio of 2:5 (FV Rs. 10) as approved by Board on May 24, 2023 and shareholders on July 05, 2023. FY24 equity share capital stands at 5.80 crore shares (₹5,799 lakh), post bonus.
INVESTOR PRESENTATION - Q4 FY2026
Aptech
Unleash your potential
CONSOLIDATED BALANCE SHEET
| Particulars (INR Lakhs) | Mar-24 | Mar-25 | Mar-26 |
|---|---|---|---|
| EQUITY AND LIABILITIES | |||
| Share Capital | 5,799 | 5,800 | 5,800 |
| Total Reserves | 20,199 | 19,332 | 19,061 |
| Shareholder's Funds / Total Equity | 25,998 | 25,132 | 24,862 |
| Non-Current Liabilities | |||
| Other Long Term Liabilities | 699 | 504 | 1,000 |
| Long Term Provisions | 250 | 266 | 574 |
| Total Non-Current Liabilities | 950 | 770 | 1,574 |
| Current Liabilities | |||
| Trade Payables | 3,942 | 5,065 | 6,762 |
| Other Current & Financial Liabilities* | 9,856 | 7,930 | 9,342 |
| Short Term Provisions | 130 | 141 | 235 |
| Total Current Liabilities | 13,928 | 13,136 | 16,339 |
| Total Liabilities | 40,876 | 39,038 | 42,775 |
- Other Current Liabilities include unearned revenue, which is towards invoice raised in advance for the services yet to be delivered
| Particulars (INR Mn) | Mar-24 | Mar-25 | Mar-26 |
|---|---|---|---|
| ASSETS | |||
| Non-Current Assets | |||
| Property, Plant, Equipment & Intangible Assets | 2,764 | 2,215 | 3,408 |
| Capital Work in Progress | - | - | 1 |
| Intangible assets under development | 401 | 782 | 18 |
| Long Term Investment | 294 | 264 | 242 |
| Advances and Financial Assets | 1,864 | 240 | 7,782 |
| Deferred Tax Assets | 3,845 | 3,707 | 3,282 |
| Other Non Current Assets | 965 | 493 | 504 |
| Total Non-Current Assets | 10,133 | 7,701 | 15,238 |
| Current Assets | |||
| Current Investments | 2,000 | - | - |
| Inventories | 122 | 66 | 43 |
| Trade Receivables | 4,738 | 3,595 | 6,700 |
| Cash and Bank | 2,520 | 3,298 | 3,524 |
| Advances and Financial Assets | 14,206 | 17,808 | 9,954 |
| Other Current Assets | 7,157 | 6,570 | 7,315 |
| Total Current Assets | 30,743 | 31,337 | 27,537 |
| Total Assets | 40,876 | 39,038 | 42,775 |
INVESTOR PRESENTATION - Q4 FY2026
Aptech
Unleash your potential
All financial numbers in Rs. Lakhs
FINANCIAL PERFORMANCE
Effectively Post-Covid FY21 onwards, a gradual shift from the franchise system towards higher direct student delivery. Improved enrolment monetisation and operational visibility.
Post-covid, Domestic retail growth reflects this transition.
*EBITDA excluding other income, interest and dividend income
INVESTOR PRESENTATION - Q4 FY2026
A
Apiech
Unleash your potential
SEGMENT REVENUE
All financial numbers in Rs. Lakhs
Domestic Retail
International Retail*
Institutional Business
Effectively Post-Covid FY21 onwards, a gradual shift from the franchise system towards higher direct student delivery. Improved enrolment monetisation and operational visibility.
Post-covid, Domestic retail growth reflects this transition.
*Impact of currency volatility in Nigeria and Egypt has been recognised as an exceptional item in the financials.
INVESTOR PRESENTATION - Q4 FY2026
Aptech
Unleash your potential
CASH & CASH FLOW TRENDS
*Cash, Cash Equivalents
Free Cash Flow
Dividend Payout Ratio (%)
Dividend Per Share (in Rs.)
All figures are in INR Lakhs
*Cash, Cash Equivalents includes Financial Investments
Free Cash Flow = PBT + Depreciation - Capex
INVESTOR PRESENTATION - Q4 FY2026
Aptech
Unleash your potential
SHAREHOLDING PATTERN
(Q4 FY'26)
INVESTOR PRESENTATION - Q4 FY2026
AWARDS & RECOGNITION
Aptech Limited has been conferred with the prestigious Golden Peacock HR Excellence Award 2025
Aptech Limited was conferred the 'Visionary of Viksit Bharat' Award by TV9 Group. The award was received by Mr. Sandip Weling, Whole-time Director and Chief Business Officer, Global Retail, Aptech Ltd
Aptech Limited has been honoured for "Best Industry-Academia Interface" at the 6th edition of Silver Feather Awards 2025 in association with HRAI, Silicon India Magazine & Global Hues Media Network
Aptech was conferred with the 'HR Team of the Year Award' at the 8th Edition of HR TechSummit & Awards 2025 organised by the UBS Forums
Aptech Limited has been honoured for "Excellence in Vocational Training" at the 6th edition of Silver Feather Awards 2025 in association with HRAI, Silicon India Magazine & Global Hues Media Network
Aptech received the 'Franchisor of the Year' in the Vocational & Skill Development Training category at the 21st Franchise Awards 2025, organised by Franchise India Holdings Limited
INVESTOR PRESENTATION - Q4 FY2026
THANK YOU!
APTECH LIMITED
(E): [email protected]
www.aptech-worldwide.com
KAPTIFY® CONSULTING
Strategy & Investor Relations | Consulting
(E): [email protected]
(T): +91-845 288 6099
www.kaptify.in
Aptech
Unleash your potential