Veranda Learning Solutions incurs a loss of Rs 30.37 crore

CHENNAI Chennai: Veranda Learning Solutions reported a loss of Rs 30.37 crore in Q2 FY25 (Rs 1.53 crore in Q2FY24). Its operating revenue stood at Rs 138.62 crore in Q2 FY25, up 40.91 per cent from Rs 98.37 crore in Q2 FY24.EBITDA grew to Rs 30.40 crore, showing a significant increase from Rs 16.75 crore in the same period last year, driven by growth across business segments as well as operational efficiencies. Total revenue for H1FY25 stood at Rs 257.61 crore compared to Rs 167.27 crore in H1FY24.Suresh Kalpathy, ED-Chairman, Veranda, said: “We are on track to surpass our full-year EBITDA target of Rs 120 crore.”