1. Opening Hook
While America debates who deserves an H-1B visa, Indian students are quietly saying “Cheerio!” to the UK instead. Crizac — the middleman between those dreams and the student loan EMIs — had another blockbuster quarter. Revenue jumped, margins flexed, and the company proved again that every immigration rule has a silver lining (for someone).
CEO Vikash Agarwal calls it “consistent growth.” We call it “US visa tears turned into British pounds.”
Stick around — this call had it all: forex magic, loan launches, Middle East expansions, and margin mysteries that make even auditors blush.
2. At a Glance
- Revenue ₹162 cr (↑30% YoY) – Students still applying abroad despite world chaos; inflation be damned.
- PAT ₹48 cr (↑141% YoY) – Profit jumped faster than a student switching from US to UK.
- EBITDA 39% – CFO swears it’s “bonuses + forex,” not divine intervention.
- UK share ~90% – Brexit may be old news, but Britain still funds Crizac’s lunch.
- Guidance 25–30% growth – “Conservative,” said every CEO before beating it.
- Agents 4,600 active – Global sales army armed with Excel sheets and hope.
- Universities 250 ties (vs 170 LY) – The admissions Tinder is busy swiping right.
3. Management’s Key Commentary
Vikash Agarwal: “Revenue grew 30%, PAT more than doubled to ₹48 cr.”
(Translation: We’re basically doing IIT-level math with UK visas.)
On H-1B rules: “Any negative news for US is positive for us.”
(Translation: Uncle Sam sneezes, Crizac catches profits.)
On margins: “We maintain 25% guidance despite
