Slide 1: Exchange filing cover letter for earnings presentation
Veranda Learning Solutions Limited October 28, 2025 BSE Limited National Stock Exchange of India Limited Dept of Corporate Services, The Listing Department, Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 543514 Symbo
Slide 2: Investor Presentation Q2FY26
Investor Presentation Q2FY26 Veranda Learning Solutions Affordability | High-quality Content | Outcome-oriented Approach 1
Slide 3: Safe Harbor
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
Slide 4: One of the Leading Education Players in India
O n e o f t h e L e a d i n g Ed u c at i o n P l aye rs i n I n d i a Company at a glance Business Segments Financial Metrics Financial Metrics Q2FY26 o Diversified and integrated learning Academics solutions in online, offline & Revenue growth: -20% YoY to INR hybrid blended formats to 127 Cr. stu
Slide 5: Management Statement on Q2FY26 Performance
M a n a ge m e nt S tate m e nt o n Q 2 F Y 2 6 Pe r fo r m a n c e “We have completed the first half of the year with strong momentum, driven by consistent growth in student enrolments, expansion of course offerings, and the successful launch of new programs across both online and offline platforms
Slide 6: New course launches, high ticket programs & rising student confidence
N e w c o u r s e l a u n c h , H i g h t i c ke t p r o g r a m s & r i s i n g student confidence.. ORGANIC GROWTH MEASURES 1,07,209 • Academic: Kicked off with 5,491 students, 173 revamped digital platforms, and enhanced teaching efficiency. 137 • Comm TP: Saw strong traction in global courses, e
Slide 7: Sustained momentum in Q2 & H1 FY26; PAT up 185%
S u s t a i n e d m o m e n t u m i n Q 2 & H 1 F Y 2 6 ; PAT u p 1 8 5 % (In INR Crores) One Time Adj. Q2 H1 FY26 Particulars (Rs. cr) Q2 FY26 Q1 FY26 Q-Q Q2 FY25 Y-Y H1 FY25 YoY Adj. FY26 Adj. Revenue from Operations 126.7 126.7 105.7 20% 105.9 20% 232.4 193.4 20% Gross Profit 77.7 77.7 67.8 15% 6
Slide 8: EBITDA positive. Across the board.
EBITDA positive. Across the board. Segment wise performance – Revenue Segment wise performance- EBITDA 86 38.9 • While Commerce segment continues to exceptionally perform well, Govt TP has 25.2 51.3 reflected a strong EBITDA comeback with an uptick of ~50% YoY. 33 33.3 • Academics segment also upped
Slide 9: Built strong. Scaling smarter with Veranda 2.0
B u i l t st ro n g . S c a l i n g s m a r te r w i t h Ve ra n d a 2 . 0 2,58,403 I N D I C ATO R S 1,58,407 Total Revenue in INR crores 91,667 2,29,483 Total Enrolment 530 370 58,628 296 28,674 200 3 76 FY21 FY22 FY23 FY24 FY25 H1FY26 Ve ra n d a 1 . 0 New Launches, IPO Listing and M&A Ve ra n d
Slide 10: Brand portfolio - for end-to-end delivery platform
B ra n d p o r t fo l i o - fo r e n d - t o - e n d d e l i v e r y p l a t fo r m Brands Brands Brands Brands K-12 Post Schooling Education Professional development Academic Commerce Test Prep Government Test Prep Vocational Harness data, AI and digital tools Catering for Higher Ed Specialized coa
Slide 11: Milestones Met. Commitments Kept.
M i l e sto n e s M et . C o m m i t m e nt s Ke p t . Balance sheet Ve ra n d a – S N VA Aggregating Maximizing Deleveraging alliance assets to cross selling establish end Maiden QIP launch of Rs. 357 Cr. opportunities to end delivery Demerging and Debt free listing of platform Commerce Vertical as
Slide 12: Five Trusted Brands, One Education Powerhouse
F i ve Tr u ste d B ra n d s , O n e Ed u c at i o n Po w e r h o u s e Brands 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 C o m mF ei n r caen cs ieaglmM een tt r i c s • Maximizing existing network: Rollin
Slide 13: Veranda & SNVA - Leap towards global education integration
Ve r a n d a & S N VA - L e a p t o w a r d s g l o b a l e d u c a t i o n integration Part of Veranda 2.0 strategy — focus, accelerate, and unlock shareholder value. 60+ Countries 1.5 million+ The divestment of Vocational Segment (Edureka, Veranda Higher Ed & Six Global Presence Trained Learners P
Slide 14: Value Unlocked through the Joint Partnership
Va l u e U n l o c ke d t h r o u g h t h e J o i n t P a r t n e r s h i p Revenue EBITDA Learner Base Global Presence Ownership FY26 Target FY26 Target FY26 Target FY26 Target FY26 Target ₹250+ Cr ₹60+ Cr 2 lakh+ / year 60+ countries 50% joint stake Growth Outlook Growth Outlook Growth Outlook Gro
Slide 15: What's Next in store for Veranda?
W h a t ’s N e x t i n s t o r e f o r Ve r a n d a ? Reimagining Core verticals: Academics and Govt. test Prep Refocusing on Core: Driving scalable growth in Demerging and debt Divestment of Academics & Govt. Test Prep free listing of Vocational segment commerce vertical to form a ownership • Scali
Slide 16: Academics: Profitable business with revenue expected to grow at 59% CAGR by FY28
Academics: Profitable business with Revenue expected to increase at CAGR 59% by FY28 Capabilities: Catering high growth population market : K-12 • Powered by focused digital marketing • AI trainings for staff Veranda K-12 • Launching JEE/NEET across Acquired in Aug-23 all locations in Bangalore • In
Slide 17: Government Test Prep: Major focus on geographic expansion
Government Test Prep: Major focus on geographic expansion (In INR Crores) Brands: 136 Veranda RACE (Acquired in Dec-20) VIAS (Commenced in Feb-21) 101 Phire (Acquired in Aug-23) Talent (Acquired in Aug-23) • Capabilities: starting from UPSC to SPSCs , Public sector banks, Stock selection exams etc.
Slide 18: Let's Connect!
Let’s Connect! Veranda Learning Solutions Limited Company Contact Investor Relations Contact Mr. Mohasin Khan, CFO Ms. Soumya Chhajed @mohasinkhan.srandalearning.com Research Analyst soumya@goindiaadvisors.com 17