Puravankara reports net profit of 29 crore rupees in the first quarter of fiscal year 2027

Veranda Learning Solutions, based in Chennai, reported a strong start to the 2027 fiscal year, noting growth in both revenue and net profit in the first quarter. This growth is attributed to overall momentum across all segments of the company's operations and prudent cost management.

Operating revenue reached 150 crore rupees, representing a 42% increase compared to the same period last year. This growth was supported by a 35% increase in the total number of enrolled students, which amounted to 1.03 lakh students, as well as a 27% rise in fee collection to 165 crore rupees.

Veranda is a key player in the field of comprehensive educational services. The company demonstrated dynamism across all its verticals, particularly in preparation for commerce exams and government tests.

The company achieved its sixth consecutive quarter with a profit after tax (PAT), which increased 5.7 times to 34 crore rupees. This was made possible by a 69% reduction in financial expenses, which fell to 8.1 crore rupees, and a 47% decrease in corporate expenses. The operating leverage played a key role, allowing profit to increase due to low costs alongside revenue growth, thanks to disciplined expense management.

Suresh S. Kalpati, CEO and Chairman of Veranda Learning Solutions, noted: 'We started the 27th fiscal year on a strong note... thanks to exceptional performance in the commerce exam and government test preparation segments, while our K12 segment continued to strengthen its foundations through investments in systems, partnerships, and brand building.'

Revenue in the commerce exam preparation segment grew by 53%, reaching 108.6 crore rupees. Regarding government test preparation, this segment achieved its best quarterly result, recording 15,724 enrollments and a 41% revenue increase to 32.5 crore rupees.

As part of a strategic decision, Veranda Learning Solutions plans to spin off its commerce business into a separate entity to unlock shareholder value. Kalpati emphasized that 'after the split, both businesses will have a clearer strategic focus, greater operational flexibility, and targeted capital allocation, enabling them to realize respective growth opportunities more effectively.'

Despite the overall growth, the company's gross margin slightly decreased from 66% to 63%, and other income significantly reduced by 89%. Nevertheless, the overall outlook remains positive: the company intends to expand its network to 15 new offline locations and increase the number of centers. The company continues to focus on attracting students through digital channels and expanding partnerships to ensure sustainable growth and long-term value for stakeholders.

Jindal Stainless Ltd announced a year-on-year increase in consolidated net profit by 7.6%, reaching INR 769 crore in the June quarter, driven by increased revenue. In the same quarter last year, the company recorded a net profit of INR 715 crore, according to the report filed with the stock exchange.

The company's operating revenue grew by 10.5% year-over-year (YoY), amounting to INR 11,279 crore in the first quarter of fiscal year 2027, compared to INR 10,207 crore for the April-June period of the previous fiscal year. As of the end of June, the company's consolidated net debt reached INR 2,950 crore.

Abhidhuday Jindal, Managing Director of Jindal Stainless, noted that the company's results remained resilient despite an extremely dynamic operating environment characterized by supply chain disruptions and changing global trade conditions.

The company reported that in the initial weeks of the quarter, there were disruptions in the supply of industrial gases due to a crisis in West Asia. The company's management proactively mitigated this impact by increasing the use of liquefied natural gas to compensate for the limited availability of propane and LNG.

Despite the measures taken to address the issues, the company had to temporarily reduce production across all manufacturing units. Nevertheless, the company reported sales of finished products amounting to 580,805 metric tons in the first quarter of fiscal year 2027 and maintained healthy financial growth through sustained activity in the value-added product segment.

Export business remained stable amid the complex global situation. A diversified portfolio of markets, which includes expanding opportunities in South Korea, Japan, and Brazil, as well as a constant presence in Europe and the US, helped keep exports at 11% of total sales.

During the media call, Jindal emphasized the need to control growing imports from certain countries, particularly China. He stated that such import flows create challenges for domestic investment amidst rising demand for stainless steel in India, and called on the government not to extend Quality Control Orders (QCOs).

The statement noted that the company's strong performance was driven by steady demand in key end-use sectors, including transportation, infrastructure, manufacturing, and consumer sectors. The automotive segment continued to be a strong growth driver, and volumes of special grades also increased in the first quarter of fiscal year 2027. Furthermore, healthy sales growth was observed in the consumer goods and metro projects segments during the quarter, while demand from the railway sector remained constant. The company also received orders for specialized grades of stainless steel for the energy and oil and gas sectors.