Q3 2026 CL Educate Ltd Earnings Call Transcript
Key Points
- CL Educate Ltd (BOM:540403) reported a significant 67% year-on-year revenue growth, increasing from INR266 crores to INR445 crores.
- The DEXIT business acquisition contributed INR194 crores to the topline, showing a growth of INR20 crores from the previous year.
- EBITDA increased by 120% from INR27 crores to INR59 crores over a nine-month period.
- The MarTech business showed robust growth, with international revenues increasing from INR33 crores to INR41 crores.
- The company successfully rolled over all clients post the DEXIT acquisition, including a critical client, IRDA, with a new three-year deal at a higher price.
- The EdTech business experienced a decline, with revenues dropping from INR150 crores to INR127 crores due to structural market changes.
- The company's PAT was impacted by a significant increase in finance costs and depreciation, largely due to the DEXIT acquisition.
- The CUET business faced challenges due to credibility issues, affecting its growth potential.
- The standalone business showed losses, attributed to the interest cost of the DEXIT acquisition loan and INDAS impacts.
- There is a short-term cash stress situation due to the debt taken for the DEXIT acquisition, leading to plans for a small capital raise.
Good afternoon, ladies and gentlemen, and welcome to CL Educate Limited's Q3 FY26 analyst call. My name is Arjun Wadhwa. I'm the group CFO of CL and I'll be your host today. Welcome once again to our metaverse platform called VOSMOS, which we have been using ever since the COVID years for our analysts call.
This call, as always, will be recorded, transcribed, and made available in the investor zone on our website within the next 24 to 48 hours. Should you have any questions, please type them in the chat box in the bottom right-hand corner of your screen, and we will address them at the end of the session.
Joining me on this conference call today are Mr. Satyanarayanan. He's the founder and Chairman of CL Educate, Mr. Gautam Puri, co-founder, Vice Chairman and managing director. Gautam takes direct reporting of the EdTech business, which includes our test, publishing, and student outreach businesses, and Mr. Nikhil Mahajan, he's our group CEO and executive director who also anchors the MarTech business.
I'll start the
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