Veranda Learning Solutions Reports Strong Q1FY25 Results

Veranda Learning Solutions Limited, a publicly traded education firm (BSE: 543514, NSE: VERANDA) and a trailblazer in comprehensive education services, has released its financial results for the first quarter ending June 30, 2024. Building on its strong performance from FY24, the company continued to excel, taking advantage of promising opportunities. For the quarter, operating revenue reached Rs. 118.99 crores, marking a 72.69% increase from Rs. 68.90 crores in the same quarter last year, despite Q1 being typically a slower period. The company also reported deferred revenue of Rs. 98.70 crores, setting it up well for future growth. Cash collections for the quarter exceeded Rs. 150 crores. Veranda achieved a notable EBITDA of Rs. 27.61 crores, a significant rise from Rs. 5.64 crores in the previous year’s quarter, reflecting improved operational efficiency and effective strategy execution. The number of students trained by Veranda in Q1FY25 was 113,262.