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Aakash losses before exceptional items and tax jump 5X in FY25; revenue dips

EntrackrEntrackr · 5d ago
Aakash losses before exceptional items and tax jump 5X in FY25; revenue dips
Medial

Fintrackr All Stories Aakash losses before exceptional items and tax jump 5X in FY25; revenue dips Aakash faced a turbulent phase over the past couple of years amid leadership exits, restructuring, and the fallout from the financial crisis at its former parent Byju’s, leading to a 16.7% revenue decline while losses surged 4.8X. Kunal Manchanada 11 Mar 2026 14:36 IST Follow UsNew UpdateAakash Educational Services Ltd (AESL) has gone through a turbulent phase over the past couple of years due to leadership exits, restructuring efforts, and the broader fallout from the financial crisis at its former parent company, Byju’s. This turmoil led to a 16.7% decline in revenue, while losses before tax and exceptional items surged 4.8 times during the period.Aakash’s revenue from operations declined to Rs 2,032 crore in FY25 from Rs 2,438 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies.Aakash primarily operates through two revenue streams, coaching and franchisee operations. The coaching segment accounted for 96% of the total operating revenue, generated from classroom programmes offered at company-owned centres. Income from this segment declined by 16.7% to Rs 1,951 crore in FY25, compared to Rs 2,341 crore in FY24.On the other hand, its franchisee model, which comprises fees and revenue sharing arrangements from partner run centres operating under the Aakash brand across different cities, also declined. Revenue from this segment fell 15.6% to Rs 81 crore in FY25 from Rs 96 crore in FY24.The company also added Rs 53 crore of other income, which tallied its overall revenue to Rs 2085 crore in the last fiscal year.As its scale declined during the year, Aakash managed to trim its overall expenses by 6.1% to Rs 2,378 crore in FY25 from Rs 2,532 crore in FY24.The decline in costs was primarily led by lower employee benefit expenses, which fell 5.6% to Rs 1,331 crore. Its advertising and promotional spending also dropped by 3.7% to Rs 157 crore, while the cost of materials, primarily study materials saw a sharper decline of 25.6% to Rs 67 crore in FY25.However, the 5.6% reduction in expenses was not enough to offset the 16.7% decline in revenue, which resulted in its losses before tax and exceptional items to surge 4.8X to Rs 293 crore in FY25.Notably, the company’s reported net loss figures were significantly impacted by deferred tax adjustments in FY25, when Aakash reported a net loss of Rs 221 crore. In contrast, the company’s losses had ballooned to Rs 2,443 crore in FY24. This was due to a series of exceptional charges, including a Rs 1,079 crore provision following an NCLT order, Rs 100 crore related to the cancellation of a services agreement with its parent company, and Rs 1,363 crore towards interest payments on debentures after default and early repayment demand.To avoid confusion caused by these one-off items, which are not directly related to the firm’s core ops, we have considered losses before tax and exceptional items to present a clearer view of its operating performance.By the end of FY25, Aakash spent Rs 1.17 to earn a rupee of operating revenue. During the year, its ROCE and EBITDA margins stood at -52.54% and 1.92%, respectively. It reported total current assets of Rs 341 crore at the end of FY25, including cash and bank balances of Rs 72 crore.Since FY25, Aakash has seen a series of developments linked to its proposed rights issue. The Supreme Court recently backed the NCLAT order allowing the company to proceed with an extraordinary general meeting (EGM) for the rights issue. The company was reportedly on the way to fresh funding, with Ranjan Pai’s family office committing to infuse Rs 250 crore into the coaching chain. It remains to be seen whether these developments will help stabilize the company and restore its growth momentum in the coming years.

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Byju’s-linked exceptional costs drag Aakash into Rs 2,443 Cr loss in FY24

EntrackrEntrackr · 20d ago
Byju’s-linked exceptional costs drag Aakash into Rs 2,443 Cr loss in FY24
Medial

Aakash Educational Services Ltd (AESL) reported a loss of Rs 2,443 crore in the fiscal year ended March 2024, largely due to exceptional items linked to its parent, Think & Learn Private Limited (Byju’s). These included high finance costs and provisions related to loan defaults, repayments, and write-offs involving the related party. Aakash Educational Services’ revenue from operations remained flat at Rs 2,438 crore in FY24, compared to Rs 2,399 crore in FY23, according to its consolidated financial statements sourced from the Registrar of Companies. Aakash Educational Services offers coaching for NEET, IIT-JEE, Olympiads, and NTSE through classroom and distance learning programmes for medical and engineering aspirants. Student fees formed 96% of its total revenue and rose 2% to Rs 2,341 crore in FY24. The remaining income came from the franchisee model, which declined 8.5% to Rs 97 crore during the period. Aakash Educational Services also recorded Rs 433 crore in non-operating income, mainly from interest, manpower services, and unwinding of discounts on security deposits, which took its total income to Rs 2,471 crore in FY24. Employee benefits, which include staff and faculty expenses, formed the largest cost for Aakash Educational Services and accounted for 56% of total expenditure. This expense rose 14% to Rs 1,411 crore in FY24 from Rs 1,239 crore in FY23. Depreciation and amortization expenses also surged 28% to Rs 259 crore in FY24. Advertising and promotional expenses, study material costs, legal and professional fees, IT expenses, franchise fees, and other overheads pushed the total expenditure of Aakash Educational Services up 14% to Rs 2,532 crore in FY24 from Rs 2,225 crore in FY23. Importantly, Aakash Educational Services booked Rs 2,720 crore in exceptional items, largely related to its insolvent parent, Think & Learn Private Limited (Byju’s), which led to a net loss of Rs 2,443 crore in FY24. Of the total exceptional items, Rs 1,363 crore was recorded towards interest and loan obligations, likely linked to Byju’s, while Rs 780 crore in loans extended to the related party were written off. The company also recorded a one-time charge of Rs 100 crore as a termination fee following the end of its service agreement with Think & Learn on May 6, 2023. Other exceptional expenses included impairment of goodwill worth Rs 102 crore, write-down of intangible assets worth Rs 300 crore, and other adjustments. Aakash Educational Services declined to comment on queries sent by Entrackr seeking clarity on the exceptional items. Excluding the impact of exceptional items and deferred tax, Aakash Educational Services Limited reported a loss of Rs 61 crore during the period, compared to a profit of Rs 153 crore in FY23. These exceptional items pushed Aakash Educational Services into heavy losses; however, it remained EBITDA positive at the operational level, reporting an EBITDA of Rs 307 crore. Its ROCE and EBITDA margin declined to 6.76% and 12.57%, respectively, in FY24. On a unit level, the company spent Rs 1.04 to earn one rupee in FY24. As of March 2024, it reported current assets of Rs 315 crore, including Rs 315 crore in cash and bank balance.

Vedantu posts Rs 227 Cr revenue in FY25

EntrackrEntrackr · 1m ago
Vedantu posts Rs 227 Cr revenue in FY25
Medial

Vedantu posts Rs 227 Cr revenue in FY25 Edtech unicorn Vedantu reported a 23% year-on-year growth in revenue in the fiscal year ended March 2025, but a sharper rise in expenses led to a 25% increase in its pre-tax losses, which crossed Rs 200 crore. Vedantu’s revenue from operations grew 23% to Rs 227 crore in FY25 from Rs 185 crore in FY24, according to its consolidated financial statements sourced from the Registrar of Companies (RoC). The firm’s core offerings include online classes for grades 6 to 12, along with study materials for grades 1 to 12 and JEE preparation. The company also launched several offline coaching centers in recent years. Income from online tutoring accounted for 87% of Vedantu's total operating revenue, which increased by 19% to Rs 197 crore in FY25 from Rs 166 crore in FY24. Book sales more than doubled to Rs 22 crore, while the remaining revenue came from hostel fees and e-learning projects in FY25. On the spending side, employee benefit expenses remained the largest cost center, accounting for 49% of the total expense. This cost rose 24% to Rs 219 crore in FY25 from Rs 176 crore in FY24. Advertising expenses went up 17% to Rs 27 crore, while depreciation costs climbed to Rs 69 crore from Rs 58 crore in FY24. Overall, Vedantu’s total expenses rose 21% to Rs 444 crore in FY25 from Rs 368 crore a year earlier. The company’s loss before tax increased by 25% to Rs 210 crore in FY25 from Rs 168.5 crore in FY24. Importantly, the company booked an income of Rs 77 crore as exceptional items (non-cash). If we include this, net losses came down to Rs 123 crore in FY25. The exceptional item relates to Ace Creative Learning Private Limited (Deeksha), under which the Company holds a call option and the founders hold a put option to buy or sell shares at an agreed consideration. During the year, the Company reduced the fair value of the deferred consideration, recognising a non-cash income of Rs 93.1 crore (Rs 77.4 crore post-tax), which has been classified as an exceptional item and excluded from the computation of operational losses. Its ROCE and EBITDA margin stood at -92.86% and -61.23%, respectively. On a unit basis, Vedantu spent Rs 1.96 to earn a rupee of operating revenue during the year. As of March 2025, the Bengaluru-based firm had cash and bank balances of Rs 40 crore, while its current assets stood at Rs 101 crore. According to startup data intelligence platform TheKredible, Vedantu has raised a total of $348 million in funding to date, with Tiger Global, Coatue, Accel, and Omidyar Network as its lead investors.

Tracxn profit dips 12% in Q1 FY26; revenue remains flat

EntrackrEntrackr · 7m ago
Tracxn profit dips 12% in Q1 FY26; revenue remains flat
Medial

Data and research platform Tracxn announced its financial results for the first quarter of the ongoing fiscal year (Q1 FY26) on Thursday. The firm’s revenue grew by a mere 3.4% over the period, while profit fell 12.6%. Tracxn's revenue from operations increased 3.4% to Rs 21.2 crore in Q1 FY26, compared to Rs 20.5 crore in Q1 FY25, its financial statements sourced from the National Stock Exchange (NSE) show. On a quarter-on-quarter basis, Tracxn’s operating revenue remained flat at Rs 21.2 crore in Q1 FY26 from Rs 21.14 crore in Q4 FY25. Tracxn generated its entire operating revenue from subscription sales, offering access to its data and software. However, the Bengaluru-based firm did not provide a detailed revenue breakdown for the quarter. The company also made Rs 1.68 crore from non-operating sources which took Tracxn’s total revenue to Rs 22.88 crore in the first quarter. Employee benefits remained the largest cost center for Tracxn, accounting for 88% of its total expenditure. This expense increased by 7% year-on-year, rising to Rs 18.95 crore in Q1 FY26 from Rs 17.67 crore in Q1 FY25. Overall, Tracxn's total costs grew by approximately 6%, reaching Rs 21.43 crore in Q1 FY26. The company’s profit after tax decreased to Rs 1.11 crore in Q1 FY26 from a profit of Rs 1.27 crore in Q1 FY25. However, the company reported a profit before tax of Rs 1.45 crore. At the end of Thursday’s session, Tracxn’s share price was trading at Rs 56.24, giving the company a market capitalization of Rs 604 crore ($69 million).

Tracxn slips into losses in Q4 FY25 amid flat revenue

EntrackrEntrackr · 9m ago
Tracxn slips into losses in Q4 FY25 amid flat revenue
Medial

Data and research platform Tracxn announced its financial results for the fourth quarter of the last fiscal year (Q4 FY25) on Monday. The firm slipped into losses during the quarter, while its revenue grew by a mere 5% over the same period. Tracxn's revenue from operations stayed flat at Rs 21 crore in Q4 FY25, compared to Rs 20 crore in Q4 FY24, its financial statements sourced from the National Stock Exchange (NSE) show. For the full fiscal year (FY25), Tracxn’s operating revenue increased 2% to Rs 84.5 crore in FY25 from Rs 83 crore in FY24. Tracxn generated its entire operating revenue from subscription sales, offering access to its data and software. However, the Bengaluru-based firm did not provide a detailed revenue breakdown for the quarter. The company also made Rs 1.5 crore from non-operating sources which took Tracxn’s total revenue to Rs 22.7 crore in the fourth quarter. Meanwhile, for the full fiscal year (FY25), total income stood at Rs 90.36 crore. Employee benefits remained the largest cost center for Tracxn, accounting for 86% of its total expenditure. These expenses increased by 5.6% year-on-year, rising to Rs 19.36 crore in Q4 FY25 from Rs 17.77 crore in Q4 FY24. Overall, Tracxn's total costs grew by approximately 10%, reaching Rs 22 crore in Q4 FY25. For the fiscal year ending March 2025, total expenses increased to Rs 84 crore. The stagnant revenue and a nearly 10% increase in overall costs caused Tracxn to slip into losses. The company’s loss after tax stood at Rs 8 crore in Q4 FY25 from a profit of Rs 1.42 crore in Q4 FY24. However, the company reported a profit before tax of Rs 73 lakhs. Meanwhile, for the full fiscal year (FY25), its losses stood at Rs 9.5 crore. The company recently approved an ESOP grant of over 2 lakh shares, valued at Rs 41.6 lakh. As of the last trading session, Tracxn’s share price was Rs 63, giving the company a market cap of Rs 674 crore ($79 million).

Coaching chain Motion scale remains flat at Rs 108 Cr in FY25

EntrackrEntrackr · 6d ago
Coaching chain Motion scale remains flat at Rs 108 Cr in FY25
Medial

The content relevant to the URL is: Coaching chain Motion scale remains flat at Rs 108 Cr in FY25 IIT-JEE and NEET-focused bootstrapped coaching institute chain Motion reported no growth in the fiscal year ending March 2025. However, the Kota-based firm recorded a slight decline in profit in the same period. Motion’s revenue from operations stood at Rs 108 crore in FY25, marginally declining from Rs 109 crore in FY24, according to its financial statement sourced from the Registrar of Companies (RoC). Founded in 2007, Motion offers coaching programs for competitive examinations such as JEE and NEET through classroom training at its offline centres as well as online learning solutions. The firm generates revenue from course fees paid by students enrolled in its programs. The firm added around Rs 2 crore from non-operating income, which kept its total income steady at Rs 110 crore in FY25. Employee benefit expenses accounted for the largest share of the company’s spending. This cost increased 4% to Rs 49 crore in FY25 and formed nearly 48% of the total expenditure. Advertising and promotional expenses declined 8% to Rs 12 crore in the last fiscal year. Legal charges grew 33% year-on-year to Rs 10 crore during FY25, while rent expenses also rose 17% to Rs 5.2 crore. Overall, the firm’s total expense increased marginally to Rs 103 crore in FY25 from Rs 102 crore in FY24. Despite stable income, Motion’s profit declined 6.7% to Rs 5.6 crore in FY25 from Rs 6 crore in the previous fiscal year. Its ROCE and EBITDA margin improved to 12.29% and 10.74%, respectively. On a unit basis, the company spent Rs 0.95 to earn a rupee of operating revenue during the fiscal year. Motion reported total assets of Rs 115 crore in FY25, up from Rs 81 crore in FY24. It recorded cash and bank balances of Rs 10 crore, while its current assets stood at Rs 23 crore at the end of FY25. The Kota-based company has not raised any funding yet and competes with the likes of Aakash, Career Point, Allen and Resonance. Allen reported Rs 3,067 crore in FY25, while its profit plummeted 70% to Rs 41 crore. On the other hand, Aakash recorded a loss of Rs 2,443 crore in FY24, which was primarily attributed to exceptional items connected to its parent company, Byju's. During the same fiscal year, Aakash's revenue from operations remained stable at Rs 2,438 crore. The company has not yet submitted its financial reports for FY25. Motion’s flat performance in FY25 also reflected the broader trend in the coaching segment. Larger players such as Allen and Aakash also reported limited growth during the period. While Allen’s profit dropped sharply despite large revenue, Aakash’s scale is expected to remain largely unchanged in FY25. Against this backdrop, Motion’s steady revenue indicates a stable but slow-moving phase for traditional coaching institutes amid rising competition and shifting student preferences.

FirstCry parent’s revenue crosses Rs 1,900 Cr in Q4 FY25; losses surge 74%

EntrackrEntrackr · 9m ago
FirstCry parent’s revenue crosses Rs 1,900 Cr in Q4 FY25; losses surge 74%
Medial

The parent company of FirstCry has released its quarterly report for the last financial year ending March 2025. The report highlights moderate growth, with a 16% year-on-year growth in scale while losses surged 74%. FirstCry's revenue from operations grew to Rs 1,930 crore in Q4 FY25 from Rs 1,667 crore in Q4 FY24, its financial statements sourced from the National Stock Exchange show. For the full fiscal year (FY25), BrainBees’s operating revenue increased 18% to Rs 7,660 crore in FY25 from Rs 6,481 crore in FY24. The sale of its products through offline stores and websites in India and the international market was the primary source of revenue, accounting for 69% of total operating revenue, while its subsidiary, GlobalBees, contributed Rs 398 crore income for Q4 FY25. The company also made Rs 48 crore from interest income which took its overall revenue to Rs 1,979 crore in Q4 FY25, compared to Rs 1,685 crore in Q4 FY24. For the omnichannel retailer, the cost of procurement of materials accounted for 58% of the overall expenditure which increased 14% quarter-on-quarter to Rs 1,206 crore in Q4 FY25 from Rs 1055 crore in Q4 FY24. FirstCry employee benefits stood at Rs 229 crore in Q4 FY25 which includes Rs 82 crore as ESOP cost. Marketing, legal, rent, and technology expenses were key overheads that drove total expenditure up to Rs 2,060 crore in Q4 FY25, compared to Rs 1,737 crore in the same quarter last year. For the fiscal year ending March 2025, the company’s total expenses rose to Rs 7,992 crore. BrainBees’ loss surged by 74% to Rs 75 crore in Q4 FY25. For FY25, the firm losses stood at 215 crore in FY25, down from Rs 321 crore in FY24. (We have excluded exceptional items amounting to Rs 37 crore from the loss calculation.) BrainBees debuted on the stock exchange at Rs 446 and is now trading at 376.5 on May 26, bringing its total market capitalization to Rs 19,631 crore.

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