Crizac Ltd. (NSE: CRIZAC), a leading B2B education platform for international student recruitment, reported a year-on-year increase in consolidated net profit for the third quarter ended December 31, 2025. Following the board’s approval of the results on Wednesday, the company also declared an interim dividend, reflecting a period of sustained operational expansion and capital distribution.
Interim Dividend and Board Approvals
During the board meeting, Crizac’s directors approved an interim dividend of ₹8.00 per equity share for the financial year 2025-26. This dividend, based on a face value of ₹2.00 per share, represents a significant payout to shareholders. The company has fixed February 4, 2026, as the record date to determine eligibility, with disbursements scheduled to be completed by late February.
The dividend declaration follows a period of strategic investment and corporate restructuring aimed at consolidating the company’s position in the global student mobility value chain.
Q3 Financial Performance Highlights
Crizac maintained a robust growth trajectory in the October–December quarter, supported by rising demand for international education services.
Net Profit: Consolidated net profit rose to ₹500 million, compared to ₹433 million in the corresponding quarter of the previous fiscal year.
Revenue from Operations: Revenue grew by 28.01% year-on-year, reaching ₹2,786.36 million. This increase was driven by higher student application volumes and an expanded network of recruitment agents.
Operating Margins: The company reported an EBITDA of ₹646.09 million, translating to an EBITDA margin of 23.19%.
Nine-Month Performance: For the first nine months of FY26, the company’s revenue and profitability showed consistent improvement, supported by a debt-free balance sheet and high return on equity (ROE) metrics.
The financial results indicate a steady recovery in student recruitment activity across key markets, despite shifting regulatory landscapes in popular study-abroad destinations.
Strategic Growth and Expansion Drivers
The third-quarter results underscore Crizac’s strategy of diversifying its geographic footprint and service portfolio. A primary growth driver during the period was the integration of new service verticals, including the launch of an accommodations facility and the exploration of financial services such as loans and foreign exchange for students.
Crizac has also been active on the M&A front to bolster its market share:
- Acquisitions: The company recently moved to acquire a 51.04% stake in Global Tree Careers, a move intended to enhance its reach in the South Asian recruitment market.
- Global Presence: Its UK subsidiary, Crizac (UK), continues to strengthen ties with over 170 universities globally, with a particular stronghold in the United Kingdom, where it maintains an estimated 11–12% share of Indian student placements.
- Technology Integration: The company continues to leverage its proprietary B2B platform to streamline the admissions process for approximately 2,000 active agents, reducing debtor days and improving operational efficiency.
Market Context and Industry Outlook
The international education sector is navigating a complex macro environment characterized by tighter visa regulations in the UK and Canada, offset by rising demand from emerging markets in Africa and Southeast Asia. Analysts note that Crizac’s asset-light, technology-driven model provides a buffer against localized market volatility. With the global overseas education market projected to reach $420 billion by 2030, Crizac is positioning itself as an end-to-end service provider beyond mere recruitment. Industry trends suggest a growing reliance on B2B platforms to manage the complexities of cross-border student mobility, a segment where Crizac maintains high-margin operations and a cash-rich balance sheet.