Jaro Institute Q1 FY27 Results (NSE: JARO)
Signal: Steady quarter
The read
The key inflection is stronger annual profitability conversion: revenue grew 16.6% YoY, EBITDA grew 20.9% to ₹1,704.00 lakh and EBIT grew 27.2% to ₹1,495.00 lakh, while PAT accelerated 48.3% to ₹1,116.89 lakh on finance costs falling 89.3% to ₹15.98 lakh and other income rising to ₹187.94 lakh; however, sequential revenue fell 2.8% and EPS growth of 38.1% trailed PAT because of ESOP dilution.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹70.75 Cr | 16.6% | -2.8% |
| EBIT | ₹14.95 Cr | 27.2% | |
| Net profit | ₹11.17 Cr | 48.3% | |
| EPS | ₹5.11 | 38.1% | |
| EBIT margin | 24.1% |
P&L walk
Revenue increased to ₹7,075.05 lakh, up 16.6% YoY but down 2.8% QoQ; EBITDA rose 20.9% YoY to ₹1,704.00 lakh, while PAT grew 48.3% to ₹1,116.89 lakh, aided by lower finance costs and a higher but still non-dominant other-income contribution.
Key positives
- Revenue of ₹7,075.05 lakh grew 16.6% YoY despite a 2.8% QoQ decline, sustaining the company’s annual growth trajectory.
- EBITDA increased 20.9% YoY to ₹1,704.00 lakh, ahead of revenue growth of 16.6%, with employee benefits expense rising only 6.9% YoY to ₹2,013.45 lakh.
- EBIT rose 27.2% YoY to ₹1,495.00 lakh, supported by depreciation declining 11.0% YoY and finance costs declining 89.3% YoY to ₹15.98 lakh.
- PAT grew 48.3% YoY to ₹1,116.89 lakh; other income of ₹187.94 lakh remained below 20% of PBT, consistent with the filing’s clean earnings-quality flag.
Key concerns
- Sequential momentum softened: revenue declined 2.8% QoQ and PAT declined 47.7% QoQ from ₹2,133.28 lakh.
- EPS rose 38.1% YoY to ₹5.11, lagging PAT growth of 48.3% because 91,696 shares were allotted under the ESOP schemes during the quarter.
- The filing does not disclose learner volumes, customer acquisition, realisation per learner, enrolment trends or renewal metrics, limiting assessment of the underlying education-services demand.
Research and educational content only. Not investment advice.