Veranda Learning Solutions Ltd Q1FY24; 146% rise in Revenue

Veranda Learning Solutions Limited (“Veranda”) was incorporated on November 20, 2018, and is engaged in the business of offering diversified and integrated learning solutions in online, offline hybrid, and offline blended formats to learners enrolled with their courses through a multitude of career-defining competitive exams, professional courses, exam-oriented courses, short-term up-skilling, and re-skilling courses.

Financial Results:

Veranda Learning Solutions Ltd reported Revenues for Q1FY24 of ₹69.00 Crores up from ₹28.00 Crore year on year, a rise of 146.43%.

Total Expenses for Q1FY24 of ₹92.00 Crores up from ₹50.00 Crores year on year, a rise of 84.0%.

Consolidated Net Profit of -₹19.00 Crores from -₹20.00 Crores in the same quarter of the previous year.

The Earnings per Share is -₹3.14, from -₹3.60 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.