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 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 13-11-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 06-11-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 13-11-2026   10:15:00
End date and time of board meeting 13-11-2026   13:25:00
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 Not applicable



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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 5,059.28 10,408.36
Other income 184.26 316.10
Total income 5,243.54 10,724.46
2 Expenses
(a) Cost of materials consumed 0.72 0.82
(b) Purchases of stock-in-trade 315.60 810.50
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (17.34) (40.66)
(d) Employee benefit expense 642.99 1,366.05
(e) Finance costs 512.50 984.49
(f) Depreciation, depletion and amortisation expense 406.21 792.13
(f) Other Expenses
1 Advertisement and business promotion expenses 398.99 878.62
2 Lecturer fee 253.37 463.54
3 Other operating expenses 2,375.38 4,797.71
Total other expenses 3,027.74 6,139.87
Total expenses 4,888.42 10,053.20
3 Total profit before exceptional items and tax 355.12 671.26
4 Exceptional items 0.00 0.00
5 Total profit before tax 355.12 671.26
6 Tax expense
7 Current tax 8.06 (703.96)
8 Deferred tax (1,348.78) (1,351.38)
9 Total tax expenses (1,340.72) (2,055.34)
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 1,695.84 2,726.60
12 Profit (loss) from discontinued operations before tax 1,07,388.17 1,09,926.96
13 Tax expense of discontinued operations (517.35) (148.05)
14 Net profit (loss) from discontinued operation after tax 1,07,905.52 1,10,075.01
15 Share of profit (loss) of associates and joint ventures accounted for using equity method (353.03) (165.96)
16 Total profit (loss) for period 1,09,248.33 1,12,635.65
17 Other comprehensive income net of taxes (45.45) (45.72)
18 Total Comprehensive Income for the period 1,09,202.88 1,12,589.93
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 1,08,283.74 1,11,196.11
Total profit or loss, attributable to non-controlling interests 964.59 1,439.54
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 1,08,238.64 1,11,150.74
Total comprehensive income for the period attributable to owners of parent non-controlling interests 964.24 1,439.19
21 Details of equity share capital
Paid-up equity share capital 9,650.66 9,650.66
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.41 2.7
Diluted earnings (loss) per share from continuing operations 1.41 2.69
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 110.92 112.75
Diluted earnings (loss) per share from discontinued operations 110.86 112.7
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 112.33 115.45
Diluted earnings (loss) per share from continuing and discontinued operations 112.27 115.39
24 Debt equity ratio 28.3700 28.3700
25 Debt service coverage ratio 82.00 63.800
26 Interest service coverage ratio 211.7400 185.1500
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio The movement in the interest coverage ratio during Q2 FY27 is primarliy attributable due to the change in the interest expense following the demerger of the commerce education business, resulting in a corresponding impact on the ratio.


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2026
Date of end of reporting period 30-09-2026
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 1,386.70
Capital work-in-progress 0.00
Investment property 4,585.18
Goodwill 17,264.47
Other intangible assets 3,581.40
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method 38,748.40
Non-current financial assets
Non-current investments 452.25
Trade receivables, non-current 0.00
Loans, non-current 339.98
Other non-current financial assets
1 Other financial assets 187.81
Total of other non-current financial assets 187.81
Total non-current financial assets 980.04
Deferred tax assets (net) 2,336.33
Other non-current assets
1 Income tax assets 657.93
Total of other non-current assets 657.93
Total non-current assets 69,540.45
2 Current assets
Inventories 243.86
Current financial asset
Current investments 0.00
Trade receivables, current 2,084.30
Cash and cash equivalents 889.08
Bank balance other than cash and cash equivalents 200.00
Loans, current 61.65
Other current financial assets
Total of other current financial assets 1,310.02
Total current financial assets 4,545.05
Current tax assets (net) 0.00
Other current assets
1 Other current assets 2,316.85
Total of other current assets 2,316.85
Total current assets 7,105.76
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 76,646.21
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 9,650.66
Other equity 42,173.61
Total equity attributable to owners of parent 51,824.27
Non controlling interest
Total equity 51,824.27
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 13,973.68
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 400.24
2 Other non-current financial liabilities 929.14
Total of other non-current financial liabilities 1,329.38
Total non-current financial liabilities 15,303.06
Provisions, non-current 212.93
Deferred tax liabilities (net) 39.40
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Other non-current liabilities 721.87
Total of other non-current liabilities 721.87
Total non-current liabilities 16,277.26
Current liabilities
Current financial liabilities
Borrowings, current 728.40
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 311.22
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 3,885.81
Total Trade payable 4,197.03
Other current financial liabilities
1 Other current financial liabilities 137.94
2 Lease liabilities 314.05
Total of other current financial liabilities 451.99
Total current financial liabilities 5,377.42
Other current liabilities 2,928.67
1 Other current liabilities 2,928.67
Total of other current liabilities 2,928.67
Provisions, current 63.77
Current tax liabilities (Net) 174.82
Deferred government grants, Current
Total current liabilities 8,544.68
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 24,821.94
Total equity and liabilites 76,646.21
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 01-07-2026 01-04-2026
Date of end of reporting period 30-09-2026 30-09-2026
Whether results are audited or unaudited Unaudited Unaudited
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 0.0067981 1,922.72
2 Government test preparation 4,338.12 7,590.04
3 Vocational education 0.00 0.0086669
4 Others 0.0032331 0.0074331
5 Discontinued operations 7,768.90 17,373.66
Total Segment Revenue 13,110.14 28,496.42
Less: Inter segment revenue 281.96 714.40
Revenue from operations 12,828.18 27,782.02
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Managed school services 531.83 1,379.86
2 Government test preparation 965.99 1,385.52
3 Vocational education (16.39) 181.06
4 Others (391.86) (814.66)
5 Discontinued operations 0.00 0.00
Total Profit before tax 1,089.57 2,131.78
i. Finance cost 512.50 984.49
ii. Other Unallocable Expenditure net off Unallocable income 574.98 641.99
Profit before tax 2.09 505.30
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Managed school services 22,123.81 22,123.81
2 Government test preparation 9,518.44 9,518.44
3 Vocational education 39,740.50 39,740.50
4 Others 1,816.89 1,816.89
5 Discontinued operations 0.00 0.00
Total Segment Asset 73,199.64 73,199.64
Un-allocable Assets 3,446.57 3,446.57
Net Segment Asset 76,646.21 76,646.21
4 Segment Liabilities
Segment Liabilities
1 Managed school services 1,025.75 1,025.75
2 Government test preparation 5,721.34 5,721.34
3 Vocational education 844.22 844.22
4 Others 2,038.38 2,038.38
5 Discontinued operations 0.00 0.00
Total Segment Liabilities 9,629.69 9,629.69
Un-allocable Liabilities 15,192.25 15,192.25
Net Segment Liabilities 24,821.94 24,821.94
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 01-07-2026 01-04-2026
B Date of end of reporting period 30-09-2026 30-09-2026
C Whether results are audited or unaudited Unaudited Unaudited
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) (40.21) (40.09)
2 Share of other comprehensive income of associate 7.43 7.54
3 Remeasurement of defined benefit plan (net)-discontinued (15.61) (15.61)
4 Income tax relating to items that will not be reclassified to profit or loss - discontinued 3.93 3.93
Total Amount of items that will not be reclassified to profit and loss (44.46) (44.23)
2 Income tax relating to items that will not be reclassified to profit or loss (10.12) (7.70)
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences on translation of foreign operations (net) (13.98) (11.42)
Total Amount of items that will be reclassified to profit and loss (13.98) (11.42)
4 Income tax relating to items that will be reclassified to profit or loss (2.87) (2.23)
5 Total Other comprehensive income (45.45) (45.72)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2026
B Date of end of reporting period 30-09-2026
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 671.26
Adjustments for reconcile profit (loss)
Adjustments for finance costs 2,005.86
Adjustments for decrease (increase) in inventories (23.87)
Adjustments for decrease (increase) in trade receivables, current (6,075.98)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (969.34)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current (3,268.39)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 3,383.53
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 1,966.57
Adjustments for increase (decrease) in other non-current liabilities 2,284.51
Adjustments for depreciation and amortisation expense 2,611.69
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current (447.76)
Adjustments for unrealised foreign exchange losses gains (14.98)
Adjustments for dividend income 0.00
Adjustments for interest income 55.00
Adjustments for share-based payments 51.06
Adjustments for fair value losses (gains) (1,06,987.34)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 1,12,293.66
Other adjustments for non-cash items (7.19)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 6,747.03
Net cash flows from (used in) operations 7,418.29
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 1,216.34
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 6,201.95
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses (1,467.90)
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
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 30.66
Purchase of property, plant and equipment 1,389.01
Proceeds from sales of investment property 22.93
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 268.89
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 94.30
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 113.91
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) investing activities (2,326.22)
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 (124.94)
Proceeds from issuing shares 375.00
Proceeds from issuing other equity instruments 0.00
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 417.53
Repayments of borrowings 4,224.82
Payments of lease liabilities 1,651.81
Dividends paid 0.00
Interest paid 1,014.48
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (5,973.64)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (2,097.91)
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 (2,097.91)
Cash and cash equivalents cash flow statement at beginning of period 2,986.99
Cash and cash equivalents cash flow statement at end of period 889.08