Balkrishna Namdeo Salunkhe, a promoter of Jaro Institute of Technology Management and Research Limited , acquired 22,100 equity shares of the company in the open market on August 17, 2026. The transaction brings his total shareholding to 9,34,296 shares, which constitutes 4.20% of the company’s total voting capital and 4.18% of its diluted voting capital.

The acquisition was disclosed to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) on August 18, 2026, pursuant to Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this transaction, Salunkhe held 9,12,196 shares, representing 4.10% of the total voting capital.

Holding Details

The following table outlines the change in promoter holding before and after the acquisition:

The company’s total equity share capital remains unchanged at 2,22,70,387 equity shares of ₹10 each. The total diluted share/voting capital stands at 2,23,53,733 equity shares of ₹10 each. There were no encumbrances, pledges, or liens reported on the acquired shares or the existing holding.

Jaro Institute of Technology Management and Research Limited reported a net profit after tax (PAT) of ₹1,116.89 lakh for the quarter ended June 30, 2026, marking a 48% year-on-year increase from ₹753.30 lakh in Q1FY26. The education services provider achieved this growth amid a 19% surge in total income to ₹7,262.99 lakh, supported by robust learner demand and the expansion of its institutional ecosystem. Gross bookings rose 17% YoY to ₹19,029.76 lakh, while admissions increased by 12% to 8,169, signaling sustained traction across both degree and certification segments.

The Board of Directors approved the unaudited financial results on August 08, 2026, pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and submitted with a limited review report from the statutory auditor, MSK A & Associates LLP. Dr. Sanjay Salunkhe, Chairman & Managing Director, attributed the performance to operating leverage and disciplined cost management, noting that EBITDA grew 21% YoY to ₹1,704.20 lakh.

Revenue from operations grew 17% YoY to ₹7,075.05 lakh, with degree programs contributing ₹6,007.50 lakh (85%) and certification programs adding ₹1,067.55 lakh (15%). Average Revenue Per User (ARPU) increased 4% quarter-on-quarter to ₹86,609, reflecting healthy monetization. Finance costs declined significantly to ₹15.98 lakh from ₹149.24 lakh in the previous year’s quarter, following the utilization of IPO proceeds for debt repayment.

Strategic Partnerships and Program Expansion

During Q1FY27, Jaro strengthened its portfolio by launching six new programs with premier Indian Institutes of Technology (IITs). These included a Professional Certificate Programme in Sustainability Leadership & Practice and an Executive Certificate Programme in Application of AI for Business Managers with IIT Bombay; an Executive Programme in Autonomous Robotics & AI with IIT Delhi; a Post Graduate Programme for Chief Technology & AI Officers with IIT Roorkee; and Executive Programmes in Blockchain Technology and Rust Programming & AI-Integrated Systems with IIT Madras. Additionally, the company partnered with ET Education as the E-learning Partner for the 3rd ET Education Annual Education Summit 2026.

What the Numbers Show

The 48% surge in net profit was primarily driven by a combination of top-line growth and significant reduction in finance costs. While revenue from operations expanded steadily, the drop in finance costs from ₹149.24 lakh to ₹15.98 lakh materially boosted profit before tax. Furthermore, other income jumped to ₹187.94 lakh from ₹14.13 lakh in Q1FY25. Despite a 27% increase in other expenses to ₹3,545.34 lakh, likely due to marketing and operational scaling, the company maintained an EBITDA margin of 23%, consistent with the prior year. The data indicates that Jaro is successfully leveraging its scale to improve profitability while investing in high-growth technology and sustainability domains.