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Revenue
₹278.63 Cr
verified against source
Revenue YoY
28%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Crizac delivered a strong Q3 FY26 with revenue of 278.63 cr (+28% YoY) and EBITDA margin of 23.19%, driven by robust application volumes and operating leverage. PAT came in at 50.52 cr (18% margin). The company processed 1.02 lakh applications, with UK contributing ~90% of revenue. Management guided for 20-25% organic growth and normalized EBITDA margins of 23-25%. Strategic acquisitions (Studies Planet, Global Tree) and new services (accommodation, loans) are early-stage. Key risk: over-dependence on UK (90% revenue) despite diversification efforts.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects organic revenue growth in the range of 20-25% annually, driven by market share gains and geographic expansion.
- CFO guided for normalized EBITDA margin of 23-25%, supported by scale benefits and platform leverage.
- Management aims to reduce UK revenue concentration from 90% to 50% over five years via M&A and organic expansion in US, Canada, Australia.
- The acquired B2C company Global Tree is expected to have margins around 50%, though consolidation starts only in Q4.
Risks flagged
- 90% of revenue comes from UK, making the company vulnerable to UK visa policy changes or economic downturns.
- UK reduced visa refusal threshold from 10% to 5%, which could impact partner universities if not managed.
- Business is seasonal with Q3 being strongest; gross margins fluctuate quarter-to-quarter, making annual comparisons necessary.
- Recent acquisitions (Studies Planet, Global Tree) may not integrate smoothly or achieve expected synergies.
Key quotes
- Our scale is not just an accident. It reflects the genuine problem that we're solving for universities and education agents around the world.
- We expect a normalized EBITDA margin of around 23 to 25% supported by scale benefit and platform leverage.
- Our strategy is never to try and predict politics or geopolitical changes. Our strategy is to de-risk through diversification globally.
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