Comments
Veranda Learning Solutions Ltd, the Chennai-based education company, reported significant reduction in net loss to ₹1.53 crore in the second quarter ended September 30, 2023 against a net loss of ₹21.13 crore for the corresponding quarter last year. Revenue more than doubled to ₹98 crore (₹37 crore) due to good performance by all its verticals.
The total number of students trained by the Veranda Group in the first half stood at 4,21,327 with 2,00,574 students trained this quarter, says a company release.
Training programmes
Veranda offers a bouquet of training programs for competitive exam preparation, including State Public Service Commission, Banking, Insurance, Railways, IAS, and CA. It provides services through its subsidiaries - Veranda Race, Veranda IAS, JK Shah Classes, andEdureka – the customer-facing brand of Brain4ce Education Solutions.
Suresh Kalpathi, Executive Director and Chairman, Veranda Learning Solutions, in a release said, after a challenging period of assimilating assets in the education ecosystem over the past two years, the company is now reaping the rewards. “We have successfully stitched a fabric through strategic acquisitions, further enhancing our competitive advantage in the market. We are close to achieving the dream of being present across the entire education value chain.”
On the NSE, the company’s share price closed at ₹213.15, down by 4.03 per cent.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.