Veranda Learning Solutions Limited

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August 05, 2025

BSE Limited Dept of Corporate Services, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001 Scrip Code: 543514	National Stock Exchange of India Limited The Listing Department, Exchange Plaza, Bandra Kurla Complex, Mumbai – 400 051 Symbol: VERANDA

Dear Sir/Madam,

Sub: Earnings Presentation on the Unaudited Financial Results for the quarter June 30, 2025

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we have enclosed herewith the Earnings Presentation on the Unaudited Financial Results of the Company for the quarter ended June 30, 2025, that will be circulated to the Investors/ Analysts for the Earnings Call scheduled on Tuesday, 05[th] day of August 2025 at 02:00 P.M.

Kindly take the same on record and display the same on the website of your exchange. This information will also be hosted on the Company’s website at https://www.verandalearning.com/web/index.php/stock-exchange-intimations

Thanking you, For Veranda Learning Solutions Limited

SWAMINADHAN Digitally signed by SWAMINADHAN BALASUNDHARAM BALASUNDHARAM Date: 2025.08.05 12:49:54 +05'30'

S Balasundharam Company Secretary & Compliance Officer M. No: ACS-11114

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[email protected] www.verandalearning.com +91 44 4690 1007

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G.R. Complex First floor No.807-808, Anna Salai, Nandanam, Chennai -600 035 CIN: L74999TN2018PLC125880

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Investor Presentation Q1FY26

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Veranda Learning Solutions

Affordability | High-quality Content | Outcome-oriented Approach

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Safe Harbor

This presentation and the following discussion may contain “forward looking statements” by Veranda Learning Solutions Limited (“Veranda Learning” or the Company) that are not historical in nature. These forward looking statements, which may include statements relating to future results of operations, financial condition, business prospects, plans and objectives, are based on the current beliefs, assumptions, expectations, estimates, and projections of the management of Veranda Learning about the business, industry and markets in which Veranda Learning operates.
These statements are not guarantees of future performance, and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond Veranda Learning’s control and difficult to predict, that could cause actual results, performance or achievements to differ materially from those in the forward looking statements.
Such statements are not, and should not be construed, as a representation as to future performance or achievements of Veranda Learning. In particular, such statements should not be regarded as a projection of future performance of Veranda Learning. It should be noted that the actual performance or achievements of Veranda Learning may vary significantly from such statements.

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One of the Leading Education Players in India

	Company at a glance	Business Segments		Financial Metrics
`o`	Diversified and integrated learning	Academics	Financial Metrics Q1FY26
	solutions in online, offline & hybrid blended formats across the entire life-cycle of a student from K-12 to professionals and graduates.	Commerce Test Prep	• •	Revenue growth: INR 139 Cr. up 17% YoY Gross Profit:Up 28% YoY to INR 93 Cr
`o`	Technology driven, asset light & scalable business model	Government Test Prep	•	Reported EBITDA: INR 55 Cr. up 98% YoY
			•	PAT : INR 6 Cr. , a 123% YoY
`o`	Successfully acquired legacy	Vocational		rise
	brands which are market leaders
	in their respective segments

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Management Statement on Q1FY26 Performance

“We’ve begun FY26 on a strong note, reflecting the momentum of our organic growth strategy. Q1 revenue grew by an impressive 17% YoY, reaffirming the scalability of our core platforms. This was complemented by a 98% surge in EBITDA to INR 55 Cr and a sharp turnaround in profitability, with PAT rising 123% YoY to INR 6 Cr. These results underscore the impact of our sharpened focus on operational efficiency and business expansion.

Mr. Kalpathi S Suresh

Chairman & Executive Director

Looking ahead, we’re optimistic about Q2. Early indicators suggest sustained demand and improving seasonality, which position us for an even stronger performance in the coming quarter.

o He holds a B.Tech from IIT Madras and M.S. from Clemson University

o Experienced in software development, education, business purchase and integration

We are confident of achieving our FY26 EBITDA target. Our focus remains on scaling offerings, deepening our presence in high-potential geographies, and expanding access to global certifications. With a solid foundation in place, we are well-positioned to deliver sustained value and reinforce our leadership in the education sector.”

Selected for the ‘Outstanding Entrepreneur of the Year’ in 1999 by Ernst & Young, India

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Strong start to Q1FY26; another PAT Positive performance

(In INR Crores)

• Q1FY26 Revenue stood at INR 139 Cr, up 17% YoY, driven by strong momentum across offerings. Gross Profit grew to INR 93 Cr, with a robust margin of 67%.

•

EBITDA surged 98% YoY to INR 55 Cr, with margin expanding by 1600 bps to 40%, reflecting solid operating leverage and cost discipline.

• PAT came in at INR 6 Cr, up 123% YoY, aided by the assetlight approach and balance sheet deleveraging— underscoring a sustainable growth path.

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Segment Momentum & Strategic focus

Segment wise performance – Revenue

Segment wise performance- EBITDA

• Academics and Commerce TP continued to outperform with exceptional revenue and EBITDA growth of 118% & 68% in Academics and 46% & 145% in Commerce, driven by strong enrolments and operational efficiency.

• Government and Vocational segments are poised for deeper growth, backed by cost-effective strategies, regional expansion, and vertical integration aimed at scaling reach and improving profitability.

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Academic Comm TP Vocational Govt. TP Academic Comm TP Vocational Govt. TP
Q1FY25 Q1FY26 Q1FY25 Q1FY26
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(In INR Crores)
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Built Strong. Scaling Smarter with Veranda 2.0

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530
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I N D I C A T O R S 2 , 5 8 , 4 0 3 370 Total Revenue in INR crores Total Enrolment 1 , 5 8 , 4 0 7 200 9 1 , 6 6 7 76 2 8 , 6 7 4 3 5 8 , 6 2 8 FY21 FY22 FY23 FY24 FY25 Ve ra n d a 1 . 0 N e w L a u n c h e s , I P O L i s t i n g a n d M & A Ve ra n d a 2 . 0 D e c 2 0 2 0 : Acquired o J u l 2 0 2 1 : Started CA o O c t 2 0 2 2 : Acquired J. K. Shah o J a n 2 0 2 4 : Acquires Tapasya courses Content, brand, education Classes o D e c 2 0 2 4 : Announces to Acquire BB materials through Veranda Race; o A u g 2 0 2 1 : Started offering o J a n 2 0 2 3 : Business Transfer Publications & Navkar courses for UPSC preparation & thereafter commenced o F e b 2 0 2 5 : Signed MoU with IIT Agreement with Chennai Race operations o S e p 2 0 2 1 : Acquired Madras o M a y 2 0 2 3 : Acquisition of 6 Edureka, enabling Veranda to D e c 2 0 2 0 : Launched own establish global footprints new companies o J u n 2 0 2 5 : Launches CIAP with IAB mobile app comprising all o J u l 2 0 2 5 : Maiden QIP & Demerging o A p r 2 0 2 2 : Company was o J u l 2 0 2 3 : Partnership integrated courses Commerce vertical listed on BSE & NSE at INR 137 with Logic School of mgmt.

o D e c 2 0 2 0 : Acquired Content, brand, education materials through Veranda Race; & thereafter commenced operations o D e c 2 0 2 0 : Launched own mobile app comprising all integrated courses

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Brand portfolio - for end-to-end delivery platform

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B r a n d s B r a n d s B r a n d s B r a n d s
K - 1 2 P o s t S c h o o l i n g E d u c a t i o n P r o f e s s i o n a l d e v e l o p m e n t
Academic Commerce Test Prep Government Test Prep Vocational
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Catering K-12 : Veranda’s K-12 segment, includes five CBSE and two international Cambridge schools . The company is targeting significant growth in Northern India and enhancing its product offerings in government exam preparation

Catering for Higher Ed

Dedicated coaching for CA, ACCA, CMA, CFA and other foreign commerce courses. Acquisitions like BB Virtuals and Navkar Institute will fuel expansion in both online and offline markets.

The company is expanding its commerce colleges in southern states with a target of tying up with 100 new colleges.

Specialized coaching for various competitive & civil services exams ( PSC, SSC, RRB, TNPSC, KPSC, Banking). The company is targeting significant growth in Northern India and enhancing its product offerings in government exam preparation.

Skill Training & Internships , Upskilling Courses, Recruitment Training in the BFSI sector . Growth for this segment is expected to be driven by leveraging cross-selling opportunities within the group

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Milestones Met. Commitments Kept.

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B a l a n c e s h e e t D e l e v e ra g i n g

A g g r e g a t i n g M a x i m i z i n g c r o s s a s s e t s t o s e l l i n g e s t a b l i s h e n d o p p o r t u n i t i e s t o e n d d e l i v e r y p l a t f o r m • Scaling into Tier 2/3 towns and untapped high-potential regions • Driving operational efficiency through an asset-light model • Widening university collaborations to enrich course portfolio

1. Approach

Demerging and Debt free listing of Commerce Vertical as JK shah commerce education limited.

Maiden QIP launch of Rs. 357 Cr.

2. Outcome

• INR 310 Cr used to clear Veranda XL’s legacy debt • 1:1 share allotment in newly listed Commerce entity for Veranda shareholders • Integrated commerce powerhouse: BB Virtual, Navkar, Tapasya, Logic under one roof Revenue EBITDA • Targeting 5–7x growth via full course FY25 FY26E rollout across centers, regions & Growth guidance for FY26 languages in 3-4 years.

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Five Trusted Brands, One Education Powerhouse

B r a n d s

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	C o m m e r c e s e g m e n t F i n a n c i a l M e t r i c s Particulars(INR Cr.) Commerce segment (FY26E) Others (FY26E) Total Revenue 340 320 660 EBITDA 169 73 242 PBT 85 15 100 PAT 71 12 83

A B O U T “ J K S H A H C O M M E R C E E D U C AT I O N L I M I T E D ”

Founders (36–66 years) continue to lead with proven execution
Maximizing existing network: Rolling out full course suite over 105 centers to drive monetization
Scaling BB Virtual: Digital arm to deliver JK SHAH courses in multiple formats and languages.
Expanding geographic footprint: Targeting underpenetrated markets - UP, Bihar, Telangana & Andhra Pradesh

G u i d a n c e f o r F Y 3 0

Rs. 1000+ Cr

8L+

50%+

Enrolments From 4L in FY25

EBITDA Margin from 36% with scale and efficiency

Revenue expected by FY30 from Rs. 281 Cr in FY25

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