Integrated Filing — IndAS



General information about company

Scrip Code 543514
NSE Symbol VERANDA
MSEI Symbol NOTLISTED
ISIN INE0IQ001011
Name of company Veranda Learning Solutions Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 30-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 22-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 30-05-2026   09:30:00
End date and time of board meeting 30-05-2026   11:30:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 13,239.45 48,151.06
Other income 749.00 3,724.07
Total income 13,988.45 51,875.13
2 Expenses
(a) Cost of materials consumed 0.21 5.82
(b) Purchases of stock-in-trade 480.92 1,703.22
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 121.03 6.59
(d) Employee benefit expense 1,390.84 6,129.84
(e) Finance costs 1,481.40 7,782.00
(f) Depreciation, depletion and amortisation expense 1,483.44 5,835.15
(f) Other Expenses
1 Advertisement and business promotion expenses 917.46 2,317.74
2 Lecturer Fee 1,792.36 8,116.21
3 Other Operating expenses 3,836.97 13,199.31
Total other expenses 6,546.79 23,633.26
Total expenses 11,504.63 45,095.88
3 Total profit before exceptional items and tax 2,483.82 6,779.25
4 Exceptional items (412.44) 8,610.26
5 Total profit before tax 2,071.38 15,389.51
6 Tax expense
7 Current tax 882.81 2,686.85
8 Deferred tax (77.75) (308.53)
9 Total tax expenses 805.06 2,378.32
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 1,266.32 13,011.19
12 Profit (loss) from discontinued operations before tax 0.00 101.91
13 Tax expense of discontinued operations 0.00 12.54
14 Net profit (loss) from discontinued operation after tax 0.00 89.37
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 303.43 (125.45)
16 Total profit (loss) for period 1,569.75 12,975.11
17 Other comprehensive income net of taxes 31.58 (38.46)
18 Total Comprehensive Income for the period 1,601.33 12,936.65
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 885.45 10,552.39
Total profit or loss, attributable to non-controlling interests 684.30 2,422.72
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 913.37 10,507.41
Total comprehensive income for the period attributable to owners of parent non-controlling interests 687.96 2,429.24
21 Details of equity share capital
Paid-up equity share capital 9,616.96 9,616.96
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 86,218.87
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.92 11.72
Diluted earnings (loss) per share from continuing operations 0.91 11.61
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0.12
Diluted earnings (loss) per share from discontinued operations 0 0.12
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.92 11.84
Diluted earnings (loss) per share from continuing and discontinued operations 0.91 11.73
24 Debt equity ratio 31.4100 31.4100
25 Debt service coverage ratio 19.2100 44.3700
26 Interest service coverage ratio 392.8400 238.5700
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio Being loan with higher interest rate is refinancied with lower interest rate


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 9,606.32
Capital work-in-progress 15.75
Investment property 4,585.21
Goodwill 96,740.75
Other intangible assets 15,825.26
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 38,906.82
Non-current financial assets
Non-current investments 452.35
Trade receivables, non-current
Loans, non-current 437.99
Other non-current financial assets
1 Other financial assets 758.38
Total of other non-current financial assets 758.38
Total non-current financial assets 1,648.72
Deferred tax assets (net) 1,546.51
Other non-current assets
1 Income tax assets 312.18
2 Other non current assets 95.50
Total of other non-current assets 407.68
Total non-current assets 1,69,283.02
2 Current assets
Inventories 293.44
Current financial asset
Current investments 22.93
Trade receivables, current 3,363.13
Cash and cash equivalents 2,986.99
Bank balance other than cash and cash equivalents 0.00
Loans, current 57.93
Other current financial assets
Total of other current financial assets 4,310.92
Total current financial assets 10,741.90
Current tax assets (net) 0.00
Other current assets
1 Other current assets 2,901.32
Total of other current assets 2,901.32
Total current assets 13,936.66
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 1,83,219.68
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 9,616.96
Other equity 86,218.87
Total equity attributable to owners of parent 95,835.83
Non controlling interest 0.00
Total equity 95,835.83
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 28,651.86
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease liabilities 5,914.03
2 Other financial liabilities 28,494.36
Total of other non-current financial liabilities 34,408.39
Total non-current financial liabilities 63,060.25
Provisions, non-current 0.00
Deferred tax liabilities (net) 2,303.57
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Provisions 401.54
2 Other non-current liabilities 1,323.06
Total of other non-current liabilities 1,724.60
Total non-current liabilities 67,088.42
Current liabilities
Current financial liabilities
Borrowings, current 1,448.08
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 290.35
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 3,599.41
Total Trade payable 3,889.76
Other current financial liabilities
1 Lease liabilities 2,217.61
2 Other financial liabilities 447.68
Total of other current financial liabilities 2,665.29
Total current financial liabilities 8,003.13
Other current liabilities 9,747.30
1 Provisions 98.28
2 Other current liabilities 9,649.02
Total of other current liabilities 9,747.30
Provisions, current 0.00
Current tax liabilities (Net) 2,545.00
Deferred government grants, Current 0.00
Total current liabilities 20,295.43
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 87,383.85
Total equity and liabilites 1,83,219.68
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Managed school services 0.008174 3,310.53
2 Commerce 9,423.41 33,459.25
3 Government test preparation 2,859.27 11,455.80
4 Vocational education 0.0053755 1,075.63
5 Others 0.0051239 3,061.39
Total Segment Revenue 14,150.02 52,362.60
Less: Inter segment revenue 910.57 4,211.54
Revenue from operations 13,239.45 48,151.06
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Managed school services 643.10 2,630.16
2 Commerce 4,852.47 14,523.88
3 Government test preparation (376.29) 459.11
4 Vocational education 121.35 438.65
5 Others (540.98) (1,379.47)
Total Profit before tax 4,699.65 16,672.33
i. Finance cost 1,481.40 7,782.00
ii. Other Unallocable Expenditure net off Unallocable income 843.45 (6,373.73)
Profit before tax 2,374.80 15,264.06
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Managed school services 21,949.97 21,949.97
2 Commerce 1,09,773.66 1,09,773.66
3 Government test preparation 8,287.02 8,287.02
4 Vocational education 39,350.37 39,350.37
5 Others 1,524.66 1,524.66
Total Segment Asset 1,80,885.68 1,80,885.68
Un-allocable Assets 2,333.98 2,333.98
Net Segment Asset 1,83,219.66 1,83,219.66
4 Segment Liabilities
Segment Liabilities
1 Managed school services 2,187.44 2,187.44
2 Commerce 46,468.89 46,468.89
3 Government test preparation 4,407.38 4,407.38
4 Vocational education 243.21 243.21
5 Others 1,366.93 1,366.93
Total Segment Liabilities 54,673.85 54,673.85
Un-allocable Liabilities 32,710.02 32,710.02
Net Segment Liabilities 87,383.87 87,383.87
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of defined benefit plan (net) 2.24 44.55
2 Fair valuation gain / (loss) on investment in equity instruments through other comprehensive income 13.67 13.67
3 Share of other comprehensive income / (loss) of associate 31.59 21.27
Total Amount of items that will not be reclassified to profit and loss 47.50 79.49
2 Income tax relating to items that will not be reclassified to profit or loss 1.22 7.54
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences on translation of foreign operations (net) (61.03) (184.09)
2 Remeasurement of defined benefit plan (net) 0.00 29.76
Total Amount of items that will be reclassified to profit and loss (61.03) (154.33)
4 Income tax relating to items that will be reclassified to profit or loss (46.33) (43.92)
5 Total Other comprehensive income 31.58 (38.46)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 15,389.51
Adjustments for reconcile profit (loss)
Adjustments for finance costs 12,518.95
Adjustments for decrease (increase) in inventories 8.17
Adjustments for decrease (increase) in trade receivables, current (443.90)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets (1,146.77)
Adjustments for other financial assets, non-current (2,489.68)
Adjustments for other financial assets, current 141.06
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 1,662.02
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 2,271.59
Adjustments for increase (decrease) in other non-current liabilities (6,341.97)
Adjustments for depreciation and amortisation expense 6,298.78
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current (397.78)
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current (1,459.56)
Adjustments for unrealised foreign exchange losses gains (88.17)
Adjustments for dividend income 0.00
Adjustments for interest income 161.24
Adjustments for share-based payments 208.22
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (13,337.86)
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (1,035.50)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (3,793.64)
Net cash flows from (used in) operations 11,595.87
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 1,125.32
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 10,470.55
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses (249.35)
Cash flows used in obtaining control of subsidiaries or other businesses 11,461.24
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 34.31
Purchase of property, plant and equipment 1,412.37
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 181.81
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 2,672.51
Net cash flows from (used in) investing activities (10,234.33)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 36,119.48
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 28,849.10
Repayments of borrowings 50,049.78
Payments of lease liabilities 3,727.84
Dividends paid 0.00
Interest paid 13,800.44
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (2,609.48)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (2,373.26)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (2,373.26)
Cash and cash equivalents cash flow statement at beginning of period 5,360.25
Cash and cash equivalents cash flow statement at end of period 2,986.99





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Deloitte Haskins & Sells LLP Yes 30-04-2028