Now Reading: upGrad gross revenue crosses Rs 2,000 crore in FY26, loss narrows 52%
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upGrad gross revenue crosses Rs 2,000 crore in FY26, loss narrows 52%
upGrad gross revenue crosses Rs 2,000 crore in FY26, loss narrows 52%
Edtech major upGrad reported a 52% narrowing of net loss to Rs 130 crore for FY26 from Rs 274 crore in FY25, according to Inc42. Gross revenue inclusive of taxes rose 7% to Rs 2,070 crore from Rs 1,943 crore in the previous year. The startup's Ind AS EBITDA surged eightfold to Rs 123 crore from Rs 15 crore, marking the third consecutive year of halving its net loss.
upGrad attributed the improvement to AI-led efficiencies, with marketing and technology costs declining year-on-year despite revenue growth. The startup has integrated AI into more than 80% of its programmes and has over 1 lakh concurrent learners across its online, study abroad, and offline skilling businesses. It also collected Rs 530 crore in revenue yet to be recognised in future years.
The improved finances come as upGrad pursues inorganic growth, including a 90% stake acquisition in Internshala and a planned majority stake in Unacademy. CFO Mukesh Mundra cited disciplined execution and cost management, while founder Ronnie Screwvala said the company would focus on organic and inorganic growth in India and international markets.
Indian Opinion Analysis
The coverage from Inc42 is a neutral corporate earnings report with no discernible political or ideological slant. It presents upGrad's financial metrics plainly and includes context on the broader edtech funding slowdown and the company's acquisition strategy. The article leads with the loss reduction and revenue figure, then adds EBITDA and future revenue recognition details. The analysis is straightforward: upGrad is demonstrating a turnaround through cost rationalisation and AI efficiencies while pursuing consolidation in a struggling sector. The next milestone to watch is the Unacademy acquisition completion and whether it helps upGrad achieve sustained profitability in FY27.
Coverage: 1 source, 1 neutral
Source: inc42.com (neutral report)
This story was synthesised by AI from the source linked above. Methodology and corrections.
