Western Overseas Study Abroad Ltd
Financial Results for the year ended 31 March 2026
RESULTS
◆ Monitor Closely
MEDIUM RISK
📅 Filed on BSE: 28 May 2026, 12:56 PM IST · BSE ID: af0ebe34-ce9f-4bec-ac81-8340bc03dc0d
View Original BSE Filing (PDF)
💡
In Simple Terms
The company released its full-year financial results, showing INR 2027.45 Million in revenue and INR 272.78 Million in net profit.
🤖 AI Summary
- Western Overseas Study Abroad Ltd reported audited standalone net profit of INR 272.78 Million for FY26.
- Revenue from operations was INR 2027.45 Million for the year ended March 31, 2026.
- Total Equity stood at INR 1062.63 Million as of March 31, 2026.
- IPO proceeds utilization was INR 540.95 Million against a projected INR 1006.88 Million.
- Auditor's report carries an unmodified/unqualified opinion for the financial year ended March 31, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Revenue from Operations (Year ended 31 March 2026)
INR 2027.45 Million
Revenue from Operations (Year ended 31 March 2025)
INR 2272.52 Million
Net Profit for the period (Year ended 31 March 2026)
INR 272.78 Million
Net Profit for the period (Year ended 31 March 2025)
INR 221.06 Million
Total Equity (as on 31 March 2026)
INR 1062.63 Million
Total Equity (as on 31 March 2025)
INR 690.06 Million
IPO Proceeds Actual Utilization (till 31-03-2026)
INR 540.95 Million
IPO Proceeds Projected Utilization
INR 1006.88 Million
🏢 How This Affects the Company
The company's net profit reached INR 272.78 Million, increasing Total Equity to INR 1062.63 Million. Unutilized IPO proceeds of INR 465.93 Million are held in short-term fixed deposits or bank balances.
Utilization of IPO proceeds for repayment of outstanding borrowings was completed at INR 200.00 Million, and for working capital at INR 21.06 Million.
An inadvertent funding of INR 1.39 Lakh towards GST from IPO proceeds will be reimbursed from internal accruals in subsequent quarters.
👥 What This Means For Shareholders
✅
Action Required
No action is required from shareholders based on this financial results filing.
👤
Who Is Affected
All shareholders are affected by the company's financial performance, specifically the decrease in revenue from operations and the increase in net profit and total equity. The unutilized IPO proceeds balance of INR 465.93 Million, intended for various objectives, also impacts shareholders.
🔍
Management Signal
The management's submission of audited financial results with an unmodified opinion signals adherence to regulatory compliance and transparent reporting for the financial year ended March 31, 2026.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 results — monitor revenue from operations trend
IPO proceeds utilization report — check deployment of balance INR 465.93 Million
GST reimbursement update — confirm internal accrual funding of INR 1.39 Lakh
MEDIUM RISK
Decreased revenue and significant unutilized IPO proceeds for stated objectives indicate potential business execution and capital deployment challenges.
💡 Investor Takeaway
Western Overseas Study Abroad Ltd reported audited standalone net profit of INR 272.78 Million for FY26, an increase from INR 221.06 Million in FY25. Revenue from operations for FY26 was INR 2027.45 Million, down from INR 2272.52 Million in FY25. Total Equity as of March 31, 2026, was INR 1062.63 Million.
⚖️ Strengths & Concerns
✅ Positives
- Net profit for the year ended March 31, 2026, increased to INR 272.78 Million from INR 221.06 Million.
- Total Equity showed growth, reaching INR 1062.63 Million as of March 31, 2026, up from INR 690.06 Million.
⚠️ Concerns
- Revenue from operations decreased to INR 2027.45 Million for FY26 from INR 2272.52 Million in the prior year.
- Utilization of IPO proceeds for working capital was only INR 21.06 Million against a projected INR 300.00 Million.
📅 Company Track Record
Recently listed — IPO November 2025. This filing represents the first full annual financial results since the IPO. Limited public track record available prior to this period.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Western Overseas Study Abroad Ltd's net profit for the year ended March 31, 2026?
Western Overseas Study Abroad Ltd reported a net profit of INR 272.78 Million for the year ended March 31, 2026.
What was the revenue from operations for Western Overseas Study Abroad Ltd in FY26?
The revenue from operations for Western Overseas Study Abroad Ltd for the year ended March 31, 2026, was INR 2027.45 Million.
How much of the IPO proceeds has Western Overseas Study Abroad Ltd utilized as of March 31, 2026?
As of March 31, 2026, Western Overseas Study Abroad Ltd has utilized INR 540.95 Million of the IPO proceeds against a projected INR 1006.88 Million.
What was Western Overseas Study Abroad Ltd's total equity as of March 31, 2026?
Total Equity for Western Overseas Study Abroad Ltd was INR 1062.63 Million as of March 31, 2026.
Questions based on this BSE filing only. For information purposes.