Jaro Education has announced its financial results for the year ending March 31, 2024, revealing significant growth. The net profit surged by 242% to Rs 39.44 crore from Rs 11.52 crore in FY23. Revenue increased by 62% to Rs 202.60 crore, up from Rs 124.60 crore in FY23. EBITDA rose by 163% to Rs 61.17 crore, compared to Rs 23.23 crore in the previous year.
The Board of Directors recommended a bonus share issue in the ratio of 1:3 and declared an interim dividend of 10% on a face value of Rs 10 per share for FY24. The company also achieved a record high in student enrollments, with over 29,000 learners in FY24.
Jaro Education plans to file its DRHP by the end of the month. With over 14 years of expertise in executive education, Jaro has transformed the careers of over 3 lakh professionals, offering 250+ programs in collaboration with top institutes.
Dr. Sanjay Salunkhe, CMD of Jaro Education, stated, “FY24 has been our best year, with record revenue, profitability, and student enrollments. Our high-quality, affordable programs and strategic partnerships have driven enrollments from 21,786 in FY23 to over 29,000 in FY24. We are pleased to reward our shareholders with a bonus and interim dividend and will file our DRHP soon.”
Jaro Education collaborates with prestigious institutes such as MIT IDSS, Wharton Interactive, Rotman School of Management, IIMs, IITs, and XLRI Jamshedpur, among others, to develop leadership and technology-based online programs.
