Summary of Key Information:
Reporting Period: Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting - Unaudited Financial Results
Audit Opinion:
Clean review opinion from S.R. Batliboi & Associates LLP with no modifications. The auditor stated: "nothing has come to our attention that causes us to believe that the accompanying Statement... contains any material misstatement."
Key Financial Highlights [Amounts in INR crores]:
Standalone Results:
Revenue from Operations: ₹927.72 (Q1 FY27) vs ₹694.08 (Q1 FY26) - 33.7% YoY increase
Total Income: ₹1,035.31 (Q1 FY27) vs ₹757.48 (Q1 FY26)
Net Loss: ₹(26.34) (Q1 FY27) vs ₹(97.64) (Q1 FY26) - Loss reduced YoY
EPS: ₹(0.09) basic and diluted (Q1 FY27) vs ₹(0.38) (Q1 FY26)
Other Equity: Not specified for current quarter
Consolidated Results:
Revenue from Operations: ₹1,053.95 (Q1 FY27) vs ₹847.09 (Q1 FY26) - 24.5% YoY increase
Total Income: ₹1,162.81 (Q1 FY27) vs ₹902.13 (Q1 FY26)
Net Loss: ₹(88.28) (Q1 FY27) vs ₹(127.01) (Q1 FY26)
- Attributable to owners: ₹(77.57)
- Attributable to non-controlling interests: ₹(10.71)
EPS: ₹(0.27) basic and diluted (Q1 FY27) vs ₹(0.46) (Q1 FY26)
Other Equity: ₹4,234.40 (as of March 31, 2026)
Segment-wise Performance:
The Group has identified three reportable segments effective FY 2026-27:
1. Offline segment: Classroom-based coaching services, B2B books sales, hostel accommodation services
2. Online segment: Online coaching and learning services, sale of books
3. Others: Sale of hardware devices, student financing services, support services to K-12 schools
Segment revenue for Q1 FY27:
- Offline: ₹625.81 crore
- Online: ₹397.51 crore
- Others: ₹30.63 crore
Segment results (profit/loss) for Q1 FY27:
- Offline: ₹(56.89) crore
- Online: ₹44.23 crore
- Others: ₹(4.50) crore
- Unallocated: ₹(12.66) crore
Corporate Actions:
No dividend declarations, share splits, bonus issues, or buybacks announced.
IPO Proceeds Utilization:
As of June 30, 2026, ₹2,016.78 crore of net IPO proceeds remained unutilized and were temporarily invested in fixed deposits with scheduled commercial banks.
During Q1 FY27, the company utilized ₹257.20 crore of IPO proceeds across various objects:
- Capital expenditure for new offline and hybrid centers: ₹14.28 crore
- Lease payments for existing centers: ₹44.42 crore
- Investment in Xylem Learning for lease payments: ₹2.95 crore
- Investment in Utkarsh Classes for lease payments: ₹1.92 crore
- Server and cloud infrastructure: ₹22.59 crore
- Marketing initiatives: ₹43.25 crore
- Acquisition of additional shareholding in Utkarsh Classes: ₹0.03 crore
- Funding inorganic growth: ₹127.76 crore
Other Significant Information:
The company changed its presentation currency from INR millions to INR crores effective March 31, 2026.
Advertisement and publicity expenses were ₹113.45 crore (standalone) and ₹128.47 crore (consolidated) for Q1 FY27.
The financial results include 15 subsidiaries and 1 associate (Sheryians Private Limited).