FY26 Revenue Target: ₹660 crores
Consolidated revenue guidance of ₹660 crores across commerce and non-commerce verticals, with commerce contributing ₹340 crores to the top line.
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Veranda Learning Solutions · forward-looking guidance across the available source record.
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revenue
FY26 EBITDA Target: ₹242 crores
Targeting EBITDA of approximately ₹242 crores for FY26, supported by strong Q1 performance of ₹55 crores.
FY26 PAT Target: ₹80-85 crores
Profit after tax guidance of ₹80-85 crores for FY26, reflecting improved operational leverage and significantly lower interest costs.
Non-Commerce EBITDA: ₹60+ crores
Non-commerce vertical (academics, government, vocational) expected to deliver EBITDA of over ₹60 crores in FY26, deleveraging to below 2x Debt/EBITDA by FY27.
FY27 Consolidated Revenue: ₹850-900 crore
Management guided for next fiscal year based on current trajectory including vocational (SNVA Veranda) as part of revenue structure, progressing towards targets with demerger completion.
FY27 PAT: ₹280-300 crore
Bottom-line guidance for FY27 represents substantial growth from current year trajectory, enabled by operating leverage and reduced corporate costs post-demerger.
SNVA Veranda FY27: ₹250 crore revenue, ₹60+ crore EBITDA
The vocational education platform post strategic divestment is expected to achieve 25% CAGR with 60+ crore EBITDA, targeting independent listing at 100+ crore EBITDA as debt-free entity.
Demerger listing timeline: June 2026
JKA Commerce Education Limited targeting NCT approval by April 2026 and listing/trading commencement by June 2026, following NCLT filing and pending lender NOCs.