Crizac Limited · NSE:CRIZAC
Crizac — Q2 FY27 Earnings Presentation
35 slides from Crizac's earnings presentation, Oct 30, 2026
Slide 1: Exchange filing cover letter
Date: October 30, 2026 To To National Stock Exchange of India Ltd BSE Limited Exchange Plaza, 5th Floor, C-1, Block G, 1st Floor, Phiroze Jeejeebhoy Towers Dalal Bandra Kurla Complex, Bandra (E), Street Mumbai – 400001 Mumbai 400051 Scrip Code: 544439 Symbol: CRIZAC Sub: Copy of Investor Presentatio
Slide 2: Crizac Limited Investor Presentation Q2 FY27
crizac limited Investor Presentation Q2 FY27
Slide 3: Safe Harbour Statement
SAFE HARBOUR STATEMENT This presentation may contain certain “forward-looking statements” within the meaning of applicable securities laws and regulations, which may include those describing the Company’s strategies, strategic direction, objectives, future projects and/or prospects, estimates etc. I
Slide 4: Company snapshot
Company snapshot One of India’s leading AI native global mobility platform Financial Financial Highlights Highlights FY26 • Founded in 2011, Crizac Limited is an AI native global mobility platform H1 FY27 • Connects students, Counselling Partners, and universities across international markets ₹3,039
Slide 5: Management commentary
Management commentary “Q2 FY27 was shaped by external disruption to global student mobility, as international travel disruption and flight cancellations between February and June, along with currency movements in key source markets, led a number of students, mainly postgraduates, to defer their plan
Slide 6: Our journey
Our journey Jul’26 Acquired Inova Consultancy, expanding presence into “What began as a vision in 2011 has Mexico and Netherlands Jun’26 Strengthened AI-powered evolved into a global journey, powered by financing and visa capabilities via our team’s passion and purpose.” Foreign Admits’ investment A
Slide 7: Key Highlights
Key Highlights Profit and Loss Summary ₹ in millions Particulars Operating Income Op EBITDA1 PBT PAT2 Q2 FY27 1,027 330 401 369 Growth (YoY) (36.7%) (44.0%) (38.1%) (23.7%) Margin 32.2% 36.1% 33.2% EPS 2.11 H1 FY27 3,039 930 1,050 840 Growth (YoY) (18.3%) (24.9%) (17.3%) (10.7%) Margin 30.6% 32.8% 2
Slide 8: Revenue seasonality and intake timelines
REVENUE SEASONALITY and INTAKE TIMELINES Crizac’s Quarter-wise Operating Income (₹ Mn) FY25 FY26 FY27 3,917 2,786 3,406 2,095 2,012 1,623 2,177 1,614 1,299 1,027 Q1 Q2 Q3 Q4 Summer Intake Minor intake Autumn/ Fall Intake Winter / Spring Intake April -June July- September October-December January-Mar
Slide 9: Our Business model
Our Business model Our proprietary technology platform connects over 18,500+ global Counselling Partners and institutions on a seamless interface; streamlining applications, real-time updates, and data-driven insights to maximize admission success Counselling Student Crizac University Partner Shares
Slide 10: H1 FY27 Key operational highlights
H1 FY27 Key operational highlights Performance Indicators Network Health & Engagement Top 10 Universities Top 10 Counselling Global Higher Source Destination Active Counselling Education Institutions Countries Countries Revenue Share Partners Payout Share# Partners generating revenue* ₹ 2,049 Mn 17.
Slide 11: Strengthening Market Position Amid Industry Headwinds
Strengthening Market Position Amid Industry Headwinds UK Study Visas:All AllStudents Students vs. 1 UK Study Visas: vs.Crizac’s Crizac’sShare Share UK Study Visas: UK Study Indian Visas: IndianStudents Students vs. Crizac’sShare vs. Crizac’s Share1 UK Study Visas: UK Study Visas:Ex-India Ex-India St
Slide 12: Source Countries
Source COUNTRIES Our global footprint spans 90+ source countries Key Source Countries • India • China • Vietnam • Nepal • Bangladesh • Nigeria • Sri Lanka • Ghana • Kenya • Peru • Colombia • Brazil • Mexico
Slide 13: Destination countries & presence
Destination countries & presence Our global footprint spans across 15 Destination countries and Operational Presence across 15 countries Destination Countries • UK • Canada • USA • Australia • New Zealand • Ireland • Singapore • UAE • Germany • France • Malta • Netherlands • Spain • Turkey • Malaysi
Slide 14: H1 FY27 Revenue & application bifurcation
H1fy27 Revenue & application bifurcation Detailed breakdown of revenue concentration in H1 FY27 Applications By Geography Revenue by Geography Student Origin Destination Country Destination Country Source Country 2.8% 1.2% 3.0% 0.6% 0.2% 0.3% 0.3% 0.4% 2.5% 18.7% 55.3% 25.5% 90.5% 98.6% UK 90.5% UK
Slide 15: Profit & Loss Summary
Profit & Loss SUMMARY ₹ in millions Particulars Q2 FY27 Q2 FY26 YoY(%) Q1 FY27 QoQ(%) H1 FY27 H1 FY26 YoY(%) FY26 Operating Income 1,027 1,623 (36.7%) 2,012 (49.0%) 3,039 3,718 (18.3%) 10,422 Op EBITDA1 330 590 (44.0%) 600 (45.0%) 930 1,239 (24.9%) 2,824 Op EBITDA Margin (%) 32.2% 36.3% (418 bps
Slide 16: Balance sheet summary
Key Highlights Balance (Cont.) sheet summary Balance Sheet Summary ₹ in millions Net Debt2/ Equity Free Cash1/ Op EBITDA* Particulars Sep’25 Mar’26 Sep’26 Net Debt/ Equity Free Cash/Op EBITDA Total Equity 5,999 5,924 6,746 Sep'25 Mar' 26 Sep' 26 3.21 Borrowings 0 18 9 1.60 1.66 Lease Liabilities 1 1
Slide 17: Key Investment Highlights
KEY INVESTMENT hIGHLIGHTS 01 Trends Shaping Global Education 02 Strong Relationship With Global Institutions 03 AI and Technology-Led Platform Driving Scalable Growth 04 Strong Management 05 Consistent Financial Delivery with Strong Cash Generation 06 Growth Drivers
Slide 18: Trends Shaping Global Education (1/3)
1. Trends Shaping Global Education (1/3) 1. Student visas vs. net migration1 THE BIGGER PICTURE UK net migration surged after COVID, then fell sharply 8,91,000 as immigration rules tightened. Study visas issued Net migration 8,48,000 The UK remains a leading study destination, and international stud
Slide 19: Trends Shaping Global Education (2/3)
1. Trends Shaping Global Education (2/3) 1. University financial pressure is increasing1 2. Some UK cities depend heavily on their universities2 Up to 70% of English universities could be in deficit by 2028–29 International students sustain local economies English higher education providers reportin
Slide 20: Trends Shaping Global Education (3/3)
1. Trends Shaping Global Education (3/3) Compliance Favors Structure PLATFORM ADVANTAGE SUSTAINED OUTBOUND DEMAND Policy Tightening Stricter regulations are reshaping • Stronger screening & documentation • Tighter compliance is accelerating adoption international recruitment capabilities G of truste
Slide 21: Strong relationship with global institutions
2. Strong relationship with global institutions 600+ Relationship with Marquee Universities Institutional Partnerships Across Global Markets 5+ years of long-standing relationships across our Top 30 Universities Revenue Concentration H1FY27 Top 3 44% Top 5 51% Top 10 67% ETS Strategic Tie-Up (July 2
Slide 22: AI and Technology-Led Platform (1/2)
3. AI and Technology-Led Platform Driving Scalable Growth (1/2) Counselling Partners Crizac’s Proprietary Platform Global Institutions Key Features Student Application Onboarding & Assessment AI Led Automated Profile Creation Dashboard & Reporting application Workflow Offer Letter Real-time dashboar
Slide 23: AI and Technology-Led Platform (2/2)
AI and Technology-Led Platform Driving Scalable Growth (2/2) Every additional student, counselling partner, and university strengthens the intelligence and efficiency of the platform Cross-sell opportunities across the ecosystem 01 More University Partners • Wider course & destination coverage • Bet
Slide 24: Backed by strong management (1/2)
4. BACKED BY STRONG management (1/2) Strong Management Dr. Vikash Agarwal Manish Agarwal Managing Director Whole Time Director & CFO ● 21+ years of experience with a Ph.D ● 15+ years of experience ● Key Promoter with a deep domain expertise in international ● An FCA and ICAI member, he has been asso
Slide 25: Backed by strong management (2/2)
4. BACKED BY STRONG management (2/2) Strong Management Nikhil Jain Rituparno Sarkar Chief Product & Marketing Officer Chief Technology Officer ● IIT (BHU) Varanasi alumnus with doctoral research at IIT ● B. Tech in Computer Science (IT), Sikkim Manipal Institute of Bombay–Monash University. Engineer
Slide 26: Consistent Financial Delivery (1/2)
5. Consistent Financial Delivery with Strong Cash Generation (1/2) Operating Income Op EBITDA1 & Margin PAT2 & Margin In INR Mn In INR Mn & % Margin In INR Mn & % Margin 30.1%# 38.1%# 25.0%# 30.6% 4,500 4,500 26.3% 4,000 27.1% 4,000 25.4% 21.7% 20.5% 22.7% 3,500 3,500 3,000 3,000 2,500 2,500 17.5% 2
Slide 27: Consistent Financial Delivery (2/2)
5. Consistent Financial Delivery with Strong Cash Generation (2/2) Robust Operating Cash Flow Conversion Dividend Payout 2,500 NCOA NCOA/Op EBITDA PAT Dividend 2,000 136% 1,500 85% 65% 1,000 79% 51% 500 2,191 1,400 703 573 1,836 1,441 1,269 840 700 FY23 FY24 FY25 FY26 H1 FY27 - FY26 H1 FY27 Consiste
Slide 28: Growth Drivers (1/2) Inorganic & Partnership Led
6. GROWTH DRIVERS (1/2)- Inorganic & Partnership Led Growth Opportunities Building on its acquisition-led expansion strategy, Crizac continues to evaluate opportunities that enhance scale, technology capabilities, and market presence. Strategic Expansion Initiatives Acquisitions & Investments – Tang
Slide 29: Growth Drivers (2/2) Geographical diversification
6. GROWTH DRIVERS (2/2)- Expanding our geographical diversification Our Diversification Pillars “ Building a globally diversified portfolio for sustainable long-term growth “ Multi-Origin Destination Global Expansion Processing Diversification Presence Strategy Applications University On-ground oper
Slide 30: Building an Ancillary Revenue Layer
Building an Ancillary Revenue Layer Services Live on our Platform Commencing Soon on our Platform EXPANDING BEYOND CORE Ancillary services are being developed in addition to student recruitment Student Accommodation Visa Insurance Forex Loans Services Services Services Services Comprehensive ancilla
Slide 31: Shareholding pattern as on 30th September 2026
Shareholding pattern as on 30th September 2026 79.9% Promoter & 79.9% Promoter & Promoter Group Promoter Group Institutional 4.2% Investors 12.2% Retail & Non- 15.9% Others Institutions 3.7% Body Corporates MARQUEE INVESTORS 3.0% DIIs 1.2% o CARNELIAN GROUP (MFs, AIFs, NBFCs) FIIs o ABAKKUS GROUP o
Slide 32: Thank You!
Thank You! Company Secretary and Compliance Officer Investor Relations Advisor Kashish Arora Udit Sancheti Email: compliance@crizac.com Email: ir@uirtus.in
Slide 33: Annexures
_ ANNEXURES
Slide 34: Corporate structure
Corporate structure Crizac Limited (India) Holding Company Subsidiary 51% Wholly Owned Subsidiary 100% Wholly Owned Subsidiary 100% Global Tree Careers Crizac Ltd UCOL Private Limited (United Kingdom) FZE Step down Subsidiary 51% Step down Subsidiary 100% Studies Inova Consultancy Planet.com Ltd Lim
Slide 35: Key Business Metrics
Key Business Metrics Particulars FY24 FY25 FY26 H1 FY27 Financial KPIs Revenue From Operations* 6,349 8,495 10,422 3,039 Growth In Revenue From Operations During The Period 34.2% 33.8% 22.7% (18.3%) Cost Of Services 4,446 5,992 7,032 1,796 Cost Of Services As % Of Revenue From Operations 70.0% 70.5%