Crizac Q2 FY27 operating income falls 36.7% to ₹1,027 mn on travel disruption; management expects stronger H2
Q2 FY27 operating income down 36.7% YoY to ₹1,027 mn, Op EBITDA down 44.0%, PAT down 23.7% to ₹369 mn.
By ScoutQuest · · 1 min read
- Q2 FY27 Operating Income
- ₹1,027 million, down 36.7% YoY
- Q2 FY27 PAT
- ₹369 million, down 23.7%
- Interim Dividend
- ₹4 per share
- Period
- Q2 FY27
- Positioning
- Crizac describes itself as a global student mobility platform with long-standing university partnerships, a counselling partner base and presence across 90+ source countries and 15 destination markets.
💰 Q2 FY27 operating income was ₹1,027 million, down 36.7% YoY, with Op EBITDA of ₹330 million (margin 32.2%) and PAT of ₹369 million, down 23.7%. H1 FY27 operating income was 3,039 (₹ mn), down 18.3%, and H1 PAT ₹840 million. The Board declared an interim dividend of ₹4 per share.
📉 Management attributes the decline to travel disruption, flight cancellations and currency moves that led students, mainly postgraduates, to defer, and calls the quarter a one-off. The company says it kept gaining UK share, from 3.5% in FY24 to 6.0% in FY26, even as UK study visas fell.
📌 Management states it is on track to maintain FY26 performance in FY27, expects H2 FY27 to be significantly stronger than H1 and to grow over H2 FY26, and says pent-up demand is already showing in Q3.
🎯 The company says it is pursuing targeted acquisitions, recently consolidating Inova Consultancy (entry into Netherlands), funded by internal accruals and free cash of ₹5,958 mn as of 30 Sept 2026, and is investing in AI tools such as EduMentor.
Also from Crizac
Q2 operating income down 36.7%; management guides Q3 growth of 10% to 12% and FY27 in line with FY26
5 Nov 2026
Crizac uploads audio recording of Q2FY27 earnings conference call held November 2, 2026
2 Nov 2026
Crizac Q2 FY27 Operating EBITDA falls 44.0% YoY; management expects a significantly stronger H2 FY27
30 Oct 2026
More numbers
- Operating Income, Q2 FY27₹1,027 million
- Operating Income YoY change, Q2 FY2736.7%
- Op EBITDA, Q2 FY27₹330 million
- Op EBITDA margin, Q2 FY2732.2%
- PAT, Q2 FY27₹369 million
- PAT, H1 FY27₹840 million
- Interim dividend per share₹4
- Operating Income, H1 FY273,039 (₹ in millions)
- Operating Income, FY2610,422 (₹ in millions)
- Free cash as of 30 Sept 2026₹5,958 mn
- FY26 dividend₹1,400 mn
- Crizac share of UK study visas, FY266.0%
- Student applications processed, H1 FY272,00,080
- Enrollments, H1 FY276,499
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