Veranda Learning Solutions Ltd’s Edtechnology stock up 20% as it signs MoU with UK Institute
Edtechnology stock Veranda Learning Solutions rose 3.3% during the trading session on Friday reaching Rs. 244 on BSE. This came as a result of signing Memorandum of Understanding (MoU) with the UK base Institute of Accountants and Bookkeepers (IAB) and the National Skill Development Corporation (NSDC). The partnership will see the establishment of the CIAP program to enable the students gain international accounting and bookkeeping education in India.
Regarding the Partnership and the CIAP Program
The CIAP program is a six month course aimed at imparting commerce students with skills needed in the expanding Outsourced Accounting Services (OAS) market. The forecasted growth of the global F&A BPO market is projected to be $ 134.65 billion by 2032 and thus, the partnership with Veranda will provide students with high paid job opportunities in the finance industry. The launch of the program is expected to revolutionize career progression for students in the same way the IT revolution did in the early 2000s.
The Financial Growth of Veranda Learning
Veranda Learning Solutions has exhibited significant financial performance, wherein revenue from operations has risen year on year by 41% to Rs. 98.4 crores in Q2 FY24 and Rs. 138.6 crores in Q2 FY25. The net operating income increased from Rs. 1.5 crores to Rs. 43 crores YoY, however, net loss also escalated sharply from Rs. 1.5 crores to Rs. 30.4 crores YoY. However, EBITDA was higher and had YoY growth of 81.5% to Rs. 30.4 crores in Q2 FY25
Strategic Growth Initiatives and Stock Market Returns
Veranda Learning is also venturing into the international market particularly into the Middle East in offering Chartered Accountancy (CA) preparation courses in conjunction with Jumeira University Connect in the UAE. This is in line with the high education standards in Dubai or else the school adopted the best practices from all over the world. Besides, Veranda is also aiming to improve organizational efficiencies in its operations and expand the range of educational services.
While its stock price may have been slightly on the downside over the last year, the Edtechnology stock has returned 43% in the last six months. This kind of growth and strategic direction towards expansion may well position the company to achieve the full-year EBITDA of Rs. 120 crores.
Future Outlook
Veranda Learning Solutions has recently strengthened its position in the Edtechnology stock sector by implementing unique partnerships and a wide range of educational programs. While the company continues to expand domestically as well as internationally, the company works towards its core mission of becoming the largest education brand in India.
Source:: tradebrains.in
