Jaro Education Reports Strong Q3FY26 Performance with 38.6% Revenue Growth
Jaro Institute of Technology Management and Research Limited reported strong Q3FY26 results with revenue growth of 38.6% to ₹6,000.96 lakhs and a turnaround to net profit of ₹703.06 lakhs from a loss of ₹388.87 lakhs in Q3FY25. The company declared an interim dividend of ₹2 per share and has utilized ₹7,494.09 lakhs of its IPO proceeds totaling ₹17,000.00 lakhs.
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Jaro Institute of Technology Management and Research Limited has delivered a strong financial performance in Q3FY26, marking a significant turnaround from the previous year's losses. The education services company reported robust growth across key financial metrics for the quarter ended December 31, 2025.
Financial Performance Highlights
The company's quarterly results demonstrate substantial improvement in profitability and revenue generation. Revenue from operations grew by 38.6% year-on-year, while the company successfully turned around from losses to profitability.
| Metric | Q3FY26 | Q3FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹6,000.96 lakhs | ₹4,329.18 lakhs | +38.6% |
| Total Income | ₹6,180.47 lakhs | ₹4,348.70 lakhs | +42.1% |
| Net Profit/(Loss) | ₹703.06 lakhs | (₹388.87 lakhs) | Turnaround |
| Basic EPS | ₹3.17 | (₹1.92) | Positive |
Nine-Month Performance
For the nine months ended December 31, 2025, Jaro Education maintained strong performance with revenue from operations reaching ₹20,109.17 lakhs compared to ₹17,814.18 lakhs in the corresponding period of FY25. The company achieved a net profit of ₹3,158.36 lakhs for the nine-month period.
| Parameter | 9M FY26 | 9M FY25 | Growth |
|---|---|---|---|
| Revenue from Operations | ₹20,109.17 lakhs | ₹17,814.18 lakhs | +12.9% |
| Net Profit | ₹3,158.36 lakhs | ₹3,348.22 lakhs | -5.7% |
| Basic EPS | ₹15.12 | ₹16.08 | -6.0% |
Operational Expenses and Margins
The company's total expenses for Q3FY26 stood at ₹5,246.98 lakhs compared to ₹4,879.46 lakhs in Q3FY25. Employee benefits expense increased to ₹1,946.92 lakhs from ₹1,939.18 lakhs, while other expenses rose to ₹3,004.19 lakhs from ₹2,511.70 lakhs. Finance costs decreased significantly to ₹43.33 lakhs from ₹146.89 lakhs in the previous year.
IPO Proceeds Utilization
The company provided an update on the utilization of IPO proceeds raised through its public offering completed in September 2025. Out of the total fresh issue proceeds of ₹17,000.00 lakhs, the company has utilized ₹7,494.09 lakhs as of December 31, 2025.
| IPO Utilization | Allocated Amount | Utilized | Unutilized |
|---|---|---|---|
| Marketing & Brand Building | ₹8,100.00 lakhs | ₹841.64 lakhs | ₹7,258.36 lakhs |
| Debt Repayment | ₹4,500.00 lakhs | ₹4,500.00 lakhs | - |
| General Corporate Purposes | ₹3,015.30 lakhs | ₹767.75 lakhs | ₹2,247.55 lakhs |
| Offer Expenses | ₹1,384.70 lakhs | ₹1,384.70 lakhs | - |
Corporate Actions and Governance
The Board of Directors, in their meeting held on January 29, 2026, approved the Q3FY26 results and declared an interim dividend of ₹2 per equity share. The company's paid-up equity share capital stands at ₹2,215.62 lakhs with a face value of ₹10 per share. During the nine months ended December 31, 2025, the company allotted 8,643 equity shares under its ESOP scheme 2022.
The results have been reviewed by the Audit Committee and received an unmodified conclusion from statutory auditors MSKA & Associates LLP following their limited review as required under SEBI regulations.
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