BSECompany Update5d ago · 4 Nov 2026, 06:51 pm
Outcome of Investors Earnings Call pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
CL Educate Ltd · 540403
✦ AI Summary▲ PositiveResults
CL Educate Ltd reported a 4.4% decline in total income and a 13.2% increase in EBITDA for H1 FY 2027, driven by cost optimization and new contract wins in Digital Assessments.
Analysis Scores
Earnings Impact7/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment9/10
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CL Educate Ltd - 540403 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
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To To
Department of Corporate Services, Listing Department,
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Dalal Street, C-1, G-Block, Bandra - Kurla Complex
Mumbai – 400 001 Bandra (E), Mumbai – 400 051
Scrip Code: 540403, Scrip Symbol: CLEDUCATE
ISIN: INE201M01029
Subject: Outcome of Investors Earnings Call pursuant to Regulation 30 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015.
Dear Ma’am/Sir(s),
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 and in continuation to our disclosure dated October 30, 2026 with respect to Schedule of Analysts
and Investors Earnings Call (for public at large) to discuss the Unaudited Financial Results (Standalone &
Consolidated) of the Company for the quarter and half year ended September 30, 2026, please find
attached herewith the presentation made at the Investors/ Analysts Earning call.
A recording of the Analysts and Investors Earnings Call will also be made available on the website of the
Company at the web link: http://www.cleducate.com/quaterly-results.html.
The aforesaid information will also be hosted on the Company’s website at www.cleducate.com.
Kindly take the above details on record.
Thanking You
For CL Educate Limited
Arjun Wadhwa
Chief Financial Officer
Place: New Delhi
Date: November 04, 2026
CL Educate Limited www.cleducate.com
Registered Office: Office No. 201, CTS No. 39A & 39B, SV Road, Near Andheri Subway, Andheri (West), compliance@cleducate.com
Mumbai, Maharashtra – 400058 +91-11-41281100/0800 +91-11-41281101
Corporate Office: A-45, First Floor, Mohan Co-operative Industrial Estate, New Delhi – 110044 CIN: L74899MH1996PLC477246
C L E D U C A T E L I M I T E D
ANALYST
PRESENTATION
H1 FY 2027
November 04, 2026
P LA TF O RM LED STRA TEGI C TRA NSF O RMA TI O N
From Test Prep pioneer to Integrated Solutioning Platform
DISCLAIMER
Safe Harbour
Please read in conjunction with the information presented in this document
USE OF THIS PRESENTATION FORWARD-LOOKING STATEMENTS
This presentation has been prepared by CL Educate Limited (the “Company”) solely for Certain statements in this document may be forward-looking statements. Such
information purposes without any regard to any specific objectives, financial situations forward-lookingstatements aresubjectto certainrisks anduncertaintieslikeregulatory
or information needs of any particular person. This presentation and its contents are changes, local political or economic developments, and many other factors that could
confidential and should not be copied, distributed, disseminated, published or cause our actual results to differ materially from those contemplated by the relevant
reproduced, in whole or part, or disclosed by recipients directly or indirectly to any forward-lookingstatements.
other person. Data and comments contained in the presentation are basis what the
Company believes are a reasonable representation of its businesses. The numbers
represented at certain places are management estimations carried out on the basis
assumption taken regarding the nature of business. By accessing this presentation, the
LIMITATION OF LIABILITY
person acknowledges and agrees that the information contained herein is not a
substitute for their independent investigation, analysis, and judgment. The person
should consult their own financial, legal, tax, and other advisors before making any CL Educate Ltd. will not be in any way responsible for any action taken based on such
investment decisionsbased ontheinformationpresented. data or comments or statements and undertakes no obligation to publicly update
thesedataor commentsor forward-lookingstatements toreflectsubsequent eventsor
circumstances.
CL EDUCATE LIMITED | INVESTOR PRESENTATION | H1 FY 2027 OVERVIEW 02
EXECUTIVE SUMMARY · H1 FY 2027
Cost Discipline Lifts EBITDA 13.2%; Margin Expands 289 bps
Consolidated, H1 FY 2027 (A) vs H1 FY 2026 (A) · All figures in ₹ Cr unless stated
TOTAL INCOME ▼4.4% EBITDA ▲13.2% EBITDA MARGIN ▲289 bps PROFIT AFTER TAX ▲341.4%
₹ 305.1 Cr ₹ 56.8 Cr 18.6% ₹ 6.6 Cr
vs ₹ 1.5 Cr LY · after ₹ 3.2 Cr
vs ₹ 319.1 Cr LY vs ₹ 50.2 Cr LY vs 15.7% LY
impairment
WHAT DROVE THE HALF-YEAR KEY WINS
New contract wins in Digital Assessments
₹ 20.5 Cr Cost Optimizationmore than offset income decline IIT-GATE, EdCIL, GPSC, BTSC: ACV ₹ 39 Cr, multi-year TCV ₹ 172 Cr; DEX margin up 171 bps
to 29.2%.
₹ 20.5 Cr of cost reduction —service delivery +₹ 8.1 Cr and other overheads +₹ 12.4 Cr —lifted
EBITDA to ₹ 56.8 Cr.
MarTech revenue ▲14.0%, EBITDA ▲26.7%
Finance cost down 32.0% International revenue ▲35%, now 39.9% of MarTech revenue (LY 34.7%); Dell, Salesforce,
Google scaling well.
₹ 17.8 Cr vs ₹ 26.1 Cr LY; depreciation & amortisation up 21.4% to ₹ 22.5 Cr.
EdTech margin up 426 bps to 21.8%
Network & Dubai at 78.0% of Test Prep billing (LY 74.5%); realisation per enrolment ▲
9.0%.
CL EDUCATE LIMITED | INVESTOR PRESENTATION | H1 FY 2027 OVERVIEW 03
SECTION 02 · EBITDA BRIDGE
₹ 20.5 Cr of Cost Reduction Absorbs a ₹ 13.9 Cr Income Decline
Income and cost walk from H1 FY 26 to H1 FY 27 reported EBITDA · All figures in ₹ Cr
Cost reduction + ₹ 20.5 Cr
+ 12.4 ₹ 56.8
₹ 50.2 − 13.9
+ 8.1
H1 FY 26 Total Service Other H1 FY 27
EBITDA Income Delivery Overheads EBITDA
Net EBITDA uplift of + ₹ 6.6 Cr — a ₹ 13.9 Cr decline in total income has been more than offset by ₹ 20.5 Cr of cost reduction, lifting the EBITDA margin by 289 bps
to 18.6%.
CL EDUCATE LIMITED | INVESTOR PRESENTATION | H1 FY 2027 GROUP PERFORMANCE 05
SECTION 03 · H1 FY 27 BUSINESS-WISE PERFORMANCE
Cost Optimisation Lifts Group EBITDA Margin to 18.6%
Segment revenue and EBITDA · H1 FY 2027 (A) vs H1 FY 2026 (A) · All figures in ₹ Cr
CONSOLIDATED REVENUE CONSOLIDATED EBITDA EBITDA MARGIN
₹ 305.1 Cr ₹ 56.8 Cr 18.6%
vs ₹ 319.1 Cr ▼4.4% vs ₹ 50.2 Cr ▲13.2% vs 15.7% ▲289 bps
REVENUE · ₹ Cr EBITDA · ₹ Cr
H1 FY 26 (A) H1 FY 27 (A) H1 FY 26 (A) H1 FY 27 (A)
139.1 127.6 38.3 37.3
97.4 92.8
84.7 81.5
17.1 18.5
7.3 9.3
EdTech —L&D Digital Assessments MarTech EdTech —L&D Digital Assessments MarTech
EdTech — Learning & Development Digital Assessments (DEX) MarTech
REVENUE ▼13.0% EBITDA ▲8.0% REVENUE ▼8.2% EBITDA ▼2.5% REVENUE ▲14.0% EBITDA ▲26.7%
Business-line EBITDA ▲12%; margin 21.8% vs 17.6% Base effect: NTA/DGAFMS & CCRAS ₹21 Cr in H1 FY 26, not EBITDA margin 10.0% vs 9.0%; International revenue ▲35%, now
repeated 40% of the mix
CL EDUCATE LIMITED | INVESTOR PRESENTATION | H1 FY 2027 GROUP PERFORMANCE 04
EDTECH -LEARNING & DEVELOPMENT
SECTION 04 · EDTECH — LEARNING & DEVELOPMENT
Margin Expands 426 bps to 21.8% as the Test Prep Mix Resets
Business-line performance · H1 FY 2027 (A) vs H1 FY 2026 (A) · All figures in ₹ Cr
SEGMENT REVENUE SEGMENT EBITDA EBITDA MARGIN
₹ 84.7 Cr ₹ 18.5 Cr 21.8%
vs ₹ 97.4 Cr ▼13.0% vs ₹ 17.1 Cr ▲8.0% vs 17.6% ▲426 bps
BUSINESS DEVELOPMENTS THIS HALF-YEAR REVENUE & EBITDA · ₹ Cr
H1 FY 26 (A) H1 FY 27 (A)
Test Prep headwinds
Test Prep continues to face headwinds due to AI penetration and availability of free online resources.
97.4
84.7
Channel mix reshaped
Test Prep revenue mix reshaped by increase in Network contribution, also had a positive impact on realization
17.1 18.5
per customer.
Test Prep margin
Revenue EBITDA
EBITDA margin 19.5% vs 16.5%; cost rebase absorbing lower billing
Platform Monetization Margin up 426 bps to 21.8%
Change in admission cycle and seasonality change has led to H2 being revenue heavy EBITDA ▲8.0% on 13.0% lower revenue; business-line EBITDA ▲12%.
CL EDUCATE LIMITED | INVESTOR PRESENTATION | H1 FY 2027 EDTECH — L&D 07
D I G I T A L A S S E S S M E N T S ( D E X )
SECTION 05 · DIGITAL ASSESSMENTS (DEX)
Margin Expands 171 bps to 29.2%
H1 FY 2027 (A) vs H1 FY 2026 (A) · All figures in ₹ Cr
NEW TOTAL MULTI YEAR
TOTAL INCOME ▼8.2% EBITDA ▼2.5% EBITDA MARGIN ▲171 bps
CONTRACT VALUE
₹ 127.6 Cr ₹ 37.3 Cr 29.2% ₹ 172 Cr
vs ₹ 139.1 Cr LY vs ₹ 38.3 Cr LY vs 27.5% LY New multi-year contract
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