Elevate Campuses (ELEVATE) Q4 24/25 earnings summary

Executive summary

• FY25 consolidated revenue rose to INR 3,698.11 million from INR 3,470.01 million; profit for the year increased to INR 526.51 million from INR 396.89 million.

• Total comprehensive income was INR 526.59 million versus INR 918.68 million, with the prior-year comparison including a INR 521.83 million bargain purchase gain in OCI.

• Standalone revenue reached INR 1,569.03 million and profit INR 483.30 million; no dividend was recommended, with resources being conserved for future growth.

Financial highlights

• Consolidated revenue from operations was INR 3,698.11 million, up from INR 3,470.01 million; total expenses were INR 3,009.15 million versus INR 2,904.09 million.

• Consolidated PBT before exceptional items was INR 932.12 million versus INR 721.99 million; PBT was INR 825.39 million versus INR 621.33 million.

• Consolidated profit was INR 526.51 million versus INR 396.89 million; basic and diluted EPS were INR 23.81 each versus INR 17.94 and INR 17.86.

• Standalone revenue was INR 1,569.03 million versus INR 1,443.86 million; profit was INR 483.30 million versus INR 376.66 million.

• Standalone total comprehensive income was INR 483.66 million versus INR 376.72 million; basic and diluted EPS were INR 21.86 each versus INR 17.03 and INR 16.95.

Outlook and guidance

• A subsidiary completed the Zolostays on-campus hostel management business acquisition on April 11, 2025 for INR 1,001.42 million: INR 100.14 million in optionally convertible debentures and INR 901.28 million cash.

• A separate hostel-business acquisition agreed for INR 2,536 million remained pending completion and payment; timing and transaction modalities were still under evaluation.

• Long-term hostel service agreements commit accommodation, facility management and ancillary services for four universities over lease terms of 50–60 years.