Earnings call transcript: Crizac Q2 2026 revenue drops 37% as stock slips

Crizac Limited released its Q2 2026 earnings results on Tuesday, reporting a sharp decline in revenue and operating income. The company attributed the drop to geopolitical factors, currency fluctuations, and student deferrals impacting its education business. Operating income fell 36.7% year-on-year to INR 1,027 million, while profit after tax dropped 23.7% to INR 369 million.

The stock price dropped 1.41% to $136.61, near the lower end of its 52-week range. Despite the weak second quarter, Crizac remained debt-free and ended the period with INR 5,958 million in net cash. The company highlighted its large counseling network and strong demand for services, with applications declining only 3% year-on-year.

Management stated that the Q2 results are more a timing issue than a collapse in demand, and that the work completed in Q2 would show up more fully in Q3 and Q4.