Jaro Institute of Technology Management and Research Limited's Board of Directors, at its meeting held on May 07, 2026, approved the audited financial results for the quarter and financial year ended March 31, 2026. The results were reviewed by the Audit Committee prior to board approval, with statutory auditor M/s. MSKA & Associates LLP issuing an unmodified opinion on the audited financial results for the financial year ended March 31, 2026. Subsequently, pursuant to Regulation 30 read with Schedule III and Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published newspaper advertisements of its audited financial results in Financial Express (English Newspaper) and Nav Shakti (Marathi Newspaper) on May 09, 2026. The results are also available on the company's website at www.jaroeducation.com/investor-relations .

Annual Financial Performance

For the full financial year ended March 31, 2026, the company recorded revenue from operations of ₹27,387.81 lakhs, compared to ₹25,226.26 lakhs in the previous year. Total income, including other income of ₹1,112.37 lakhs, stood at ₹28,500.18 lakhs against ₹25,401.87 lakhs in the prior year. Net profit after tax for FY26 came in at ₹5,291.64 lakhs, up from ₹5,166.87 lakhs in the previous year. Total comprehensive income for the year was ₹5,261.98 lakhs, compared to ₹5,143.25 lakhs in the prior year.

The following table summarises the key annual financial metrics:

Quarterly Financial Highlights

For the quarter ended March 31, 2026, the company reported revenue from operations of ₹7,278.64 lakhs, compared to ₹7,412.08 lakhs in the corresponding quarter of the previous year and ₹6,000.96 lakhs in the quarter ended December 31, 2025. Net profit after tax for Q4 FY26 stood at ₹2,133.28 lakhs, against ₹1,818.65 lakhs in Q4 FY25 and ₹703.06 lakhs in Q3 FY26.

Balance Sheet and Cash Flow Position

As at March 31, 2026, total assets stood at ₹42,881.36 lakhs, up significantly from ₹27,670.32 lakhs as at March 31, 2025. Total equity increased to ₹36,042.71 lakhs from ₹17,155.06 lakhs, reflecting equity share capital of ₹2,177.90 lakhs and other equity of ₹33,864.81 lakhs. Total liabilities declined to ₹6,838.65 lakhs from ₹10,515.26 lakhs in the prior year. Cash and cash equivalents at the end of the year were ₹2,394.73 lakhs, compared to ₹507.76 lakhs at the beginning of the year. Net cash flows generated from operating activities for FY26 stood at ₹5,744.70 lakhs, compared to net cash used in operating activities of ₹2,345.38 lakhs in the prior year.

Dividend Announcement

The Board of Directors proposed a final dividend of ₹3 per equity share (face value ₹10 per share), representing 30% of face value, for the financial year 2025-26. This is subject to approval by members at the forthcoming Annual General Meeting, following which it will be credited or dispatched within 30 days from the date of the AGM. Additionally, the Board had declared an interim dividend of ₹2 per equity share at its meeting held on January 02, 2026, which was paid during the year amounting to ₹443.13 lakhs.

IPO Proceeds Utilisation

The company completed its Initial Public Offer (IPO) of 50,56,179 equity shares of face value ₹10 each at an issue price of ₹890 per share (including a share premium of ₹880 per share). The issue comprised a fresh issue of 19,10,112 equity shares aggregating to ₹17,000.00 lakhs and an offer for sale of 31,46,067 equity shares by selling shareholders aggregating to ₹28,000.00 lakhs, totalling ₹45,000.00 lakhs. The equity shares were listed on NSE and BSE on September 30, 2025. The utilisation of IPO proceeds from the fresh issue as at March 31, 2026 is detailed below:

Out of the net proceeds unutilised as at March 31, 2026, ₹5,000 lakhs have been temporarily invested in fixed deposits with a bank.

Other Key Developments

During the year ended March 31, 2026, the company allotted 31,045 equity shares of ₹10 each pursuant to ESOP Scheme 2022. The company also appointed Jaro Education Welfare Trust as the ESOP Trust to administer the employee stock option scheme, consolidating the trust in its financial statements. The New Labour Codes, made effective from November 21, 2025, resulted in the company estimating and accounting for an incremental liability for own employees aggregating to ₹10.76 lakhs. The company operates as a single reportable segment—education program services—and has no subsidiary, associate, or joint venture company.

Jaro Institute of Technology Management and Research Limited has completed the allotment of 91,696 equity shares under its Employee Stock Option Plan 2022. The Board of Directors approved this allotment on May 02, 2026, issuing shares with a face value of ₹10 each to eligible employees who exercised their stock options under the scheme. The Managing Director, Sanjay Namdeo Salunkhe, signed the regulatory filing submitted to both BSE Limited and National Stock Exchange of India Limited.

Allotment Details

The share allotment was conducted pursuant to the Jaro Education Employees Stock Option Plan 2022, with shares issued in dematerialized form. The exercise price was set at ₹10 per share with no premium charged. The allotted shares carry the distinctive numbers 2,21,78,692 to 2,22,70,387 (both inclusive) and are identified by ISIN number INE00YJ01010.

Bonus Share Impact

The allotment figure includes 22,674 bonus shares allocated as tag rights for ESOP Grant 1. These bonus shares stem from the shareholders' resolution dated May 24, 2024, which approved the issuance of bonus shares in the ratio of 1:3. According to Clause 8.8 (Bonus Issue) of the ESOP Scheme, this bonus issuance applies specifically to the first grants allotted on May 02, 2022.

Grant Structure

The Employee Stock Option Plan encompasses two distinct grant phases: ESOP Grant 1 dated 02/05/2022 and ESOP Grant 2 dated 27/07/2024.

Post-Allotment Capital Structure

Following this allotment, Jaro Education's capital structure has been updated significantly. The company now has 2,22,70,387 total issued shares, representing a total issued share capital of ₹22,27,03,870. The shares are listed on both BSE Limited (Script Code: 544534) and National Stock Exchange of India Limited (NSE Symbol: JARO).

Regulatory Compliance

The allotment was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Regulation 10(c) of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The company filed the required statement with BSE and NSE on November 13, 2025, receiving filing numbers 248846 and 51901 respectively.