NSE Symbol

JARO

Financial Performance

Total Income: Increased 19% year-over-year (YoY) to ₹7,262.99 lakhs (₹72.63 crore) in Q1 FY27 from ₹6,081.58 lakhs in Q1 FY26.

Revenue from Operations: Stood at ₹7,075.05 lakhs, compared to ₹6,067.46 lakhs in Q1 FY26.

Other Income: ₹187.94 lakhs, significantly higher than ₹14.13 lakhs in Q1 FY26.

EBITDA: Increased 21% YoY to ₹1,704.20 lakhs. EBITDA margin remained stable at 23%.

Profit Before Tax (PBT): ₹1,479.23 lakhs.

Profit After Tax (PAT): Grew 48% YoY to ₹1,116.89 lakhs (₹11.17 crore). PAT margin improved to 15% from 12% in Q1 FY26.

Total Expenditure: ₹5,558.79 lakhs, comprising Employee Cost (₹2,013.45 lakhs) and Other Expenses (₹3,545.34 lakhs).

Finance Cost: Reduced significantly to ₹15.98 lakhs from ₹149.24 lakhs in Q1 FY26.

Depreciation: ₹208.99 lakhs.

Tax: ₹362.34 lakhs.

Operational and Business Metrics

Gross Bookings: ₹19,029.76 lakhs (₹190.30 crore) for the quarter. Gross Booking is defined as the Total Program Fees (Jaro's Share + University Share).

Net Bookings: Defined as the revenue share of the company.

Enrollments: Total of 8,169 admissions.

  • Degree admissions: 6,979
  • Certification admissions: 1,190

Average Revenue Per User (ARPU): Increased 4% quarter-over-quarter (QoQ) to ₹86,609.

Customer Acquisition Cost (CAC): Disclosed with breakdowns:

  • CAC = Total customer acquisition costs divided by number of learners enrolled.
  • Performance Marketing CAC per enrolment = Total Performance Marketing expenses divided by number of learners enrolled through that channel.
  • Referral CAC per enrolment = Total referral Expenses divided by number of learners enrolled through referrals channel.

Return on Performance Marketing Spend (ROPM): Disclosed annually and calculated as Revenue from Performance Marketing divided by Cost of Performance Marketing.

Business Updates and Partnerships

The company launched six new professional and executive certificate programmes in partnership with IITs:

1. Professional Certificate Programme in Sustainability Leadership & Practice with IIT Bombay.

2. Executive Certificate Programme in Application of AI for Business Managers with IIT Bombay.

3. Executive Programme in Autonomous Robotics & AI with IIT Delhi.

4. Post Graduate Programme for Chief Technology & AI Officers with IIT Roorkee.

5. Executive Programme in Blockchain Technology with IIT Madras.

6. Executive Programme in Rust Programming & AI-Integrated Systems with IIT Madras.

The company also partnered with ET Education as the E-learning Partner for the 3rd ET Education Annual Education Summit 2026, held on June 12, 2026. Company management participated in a panel titled "Education to Economy: Powering India's $5 Trillion Future."

Company Overview and Strategy

Jaro Education, founded in 2009, is an edtech company focused on higher education and professional upskilling. It partners with 33 institutions, including IIMs, IITs, and NIRF-ranked universities, offering 285 programmes to over 350,000 learners. The company operates an asset-light, end-to-end enabler model, managing the programme lifecycle from admissions to delivery. It has a presence in 26 Indian cities. The presentation highlights alignment with India's National Education Policy (NEP) 2020 and Digital India initiative. The business model is characterized by long-term institutional partnerships (3-7+ years), multi-month/year programs, and high revenue visibility.

Management Commentary

Dr. Sanjay Salunkhe, Chairman & Managing Director, commented on the strong start to FY27, citing healthy growth across financial and operating parameters. He attributed the performance to sustained learner demand, improving monetization, and expansion of the institutional ecosystem. The focus remains on expanding institutional partnerships, introducing future-ready programmes, increasing learner reach, and improving monetization while maintaining operating discipline.

Additional Information

The presentation includes standard disclaimers stating it is for information purposes only and does not constitute an offer to purchase securities. It is based on information considered reliable by the company but makes no warranties about its accuracy or completeness. It contains forward-looking statements subject to risks and uncertainties.

The full presentation was also uploaded to the company's website at https://www.jaroeducation.com/investor-relations.