upGrad’s Gross Revenue Crosses ₹2,000 Cr In FY26, Loss Narrows 52% YoY To ₹130 Cr
Edtech major upGrad said its net loss narrowed 52% to ₹130 Cr in the financial year ended March 2026 (FY26)…
Edtech company upGrad announced that its gross revenue surpassed ₹2,000 crore in the financial year 2026 (FY26) while its net loss decreased by 52% to ₹130 crore, compared to ₹274 crore in the previous fiscal year. The company's total income, after Ind AS accounting, was ₹1,732 crore. Moreover, upGrad's Ind AS EBITDA increased eightfold to ₹123 crore from ₹15 crore in FY25.
The edtech major's financial performance improvement is attributed to cost rationalization efforts, with marketing and technology costs declining even as revenue grew. This marks the third consecutive fiscal year in which upGrad more than halved its net loss, which declined from ₹1,142 crore in FY23 to ₹560 crore in FY24, ₹274 crore in FY25, and ₹130 crore in FY26.
upGrad's CFO, Mukesh Mundra, attributed the positive trend in FY26 to disciplined execution and effective cost management. The company's founder and CEO, Ronnie Screwvala, expressed optimism about the startup's future growth plans, focusing on organic and inorganic expansion across India and international markets.
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