Veranda Learning Solutions Ltd's Q3FY25 Quarter Results
- 14 Feb 2025
Result Summary
- Veranda Learning Solutions Ltd reported a 30.0% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 3.2%.
- Its expenses for the quarter were up by 81.8% QoQ and 163.0% YoY.
- The net profit increased 568.2% QoQ and increased 1114.5% YoY.
- The earnings per share (EPS) of Veranda Learning Solutions Ltd declined at 27.1 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 98.38 | 140.45 | 95.36 | -30.0% | 3.2% |
Total Expenses | 304.52 | 167.49 | 115.78 | 81.8% | 163.0% |
Profit Before Tax | -206.14 | -27.05 | -20.42 | 662.1% | 909.5% |
Tax | -3.21 | 3.32 | -3.71 | -196.7% | -13.5% |
Profit After Tax | -202.94 | -30.37 | -16.71 | 568.2% | 1114.5% |
Earnings Per Share | -27.10 | -4.20 | -2.50 | 545.2% | 984.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Veranda Learning Solutions Ltd is an Indian company that primarily operates in the education and learning solutions industry. The company focuses on providing online and offline education services, catering to a wide range of students and professionals seeking to enhance their skills and knowledge. Veranda Learning Solutions offers a variety of courses, including test preparation, certification programs, and skill development initiatives, designed to meet the diverse needs of learners. While specific recent developments about the company are not available in the provided data, the company is known for its commitment to leveraging technology to deliver effective and accessible learning experiences.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Veranda Learning Solutions Ltd reported a total income of ₹98.38 crores. This represents a decrease of 30.0% from the previous quarter (Q2FY25), where total income was ₹140.45 crores. On a year-over-year basis, total income grew by 3.2%, compared to ₹95.36 crores in the third quarter of fiscal year 2024 (Q3FY24). The quarter-over-quarter decline suggests a challenging period in terms of revenue generation, while the slight year-over-year increase may indicate a degree of stability in income compared to the previous year.
Profitability
The company reported a significant loss in profitability during Q3FY25, with a profit before tax of -₹206.14 crores. This marks a substantial increase in losses compared to both the previous quarter (Q2FY25), which recorded a loss of -₹27.05 crores, and the same quarter in the previous year (Q3FY24), which saw a loss of -₹20.42 crores. The profit after tax for Q3FY25 was -₹202.94 crores, further highlighting the challenging financial performance. This compares to a loss of -₹30.37 crores in Q2FY25 and -₹16.71 crores in Q3FY24. Earnings per share followed a similar trend, with a value of -₹27.10 in Q3FY25, compared to -₹4.20 in Q2FY25 and -₹2.50 in Q3FY24.
Operating Metrics
The total expenses for Veranda Learning Solutions Ltd increased significantly in Q3FY25, amounting to ₹304.52 crores. This represents an 81.8% increase from Q2FY25, where expenses were ₹167.49 crores, and a 163.0% increase from Q3FY24, where expenses totaled ₹115.78 crores. The sharp rise in expenses has had a considerable impact on the company's financial metrics, contributing to the increased losses observed in this quarter. The tax figures for Q3FY25 stood at -₹3.21 crores, showing a reversal from the previous quarter's tax of ₹3.32 crores, while remaining relatively stable from the -₹3.71 crores reported in the same quarter last year (Q3FY24). The fluctuations in these operating metrics highlight the financial challenges faced by the company during this period.
