Jaro Institute of Technology Management and Research Ltd (JARO) shares ended lower on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Friday. The stock closed at ₹496.35 on the NSE, representing an intraday decline of 1.55%. On the BSE, the equity finished at ₹494.60, down 1.95%. During the session, the stock fluctuated between an intraday high of ₹533.00 and a low of ₹485.55.
Market Capitalization
The company’s market capitalization stood at ₹1,096.84 crore (approximately $132.3 million) as of the market close on Jan. 30, 2026.
Results for Q3 FY26 ended Dec. 31, 2025
Jaro Institute reported consolidated revenue from operations of ₹60.01 crore. This represents a 38.6% year-on-year increase compared to ₹43.29 crore in the corresponding quarter of the previous fiscal year. The company achieved a consolidated net profit of ₹7.03 crore for the quarter, a turnaround from a net loss of ₹3.89 crore in Q3 FY25. Total income for the period rose 42.1% to ₹61.80 crore.
Key Updates
During the quarter and the nine-month period ended Dec. 31, 2025, Jaro Institute recorded the following developments:
Partnership Renewals: The company renewed its exclusive five-year partnership with Symbiosis School for Online and Digital Learning (SSODL) in December 2025.
Enrollment Highlights: Upskilling programs, particularly in Generative AI and leadership, saw higher traction. The company reported upskilling over 2,000 learners under the Next Gen Business Mastery Program in collaboration with IIT Madras.
Geographic Expansion: Enrolments increased from Tier II cities, including Chandigarh, Ahmedabad, Jaipur, and Lucknow.
Program Launches: Launched an ePG Diploma in Interaction Design with IDC, IIT Bombay and an advanced executive program in Global Supply Chain Management & Transformation with SJMSOM, IIT Bombay.
Dividend Declaration: The Board of Directors declared an interim dividend of ₹2 per equity share for financial year 2025-26.
Business Model
Jaro Institute operates as an edtech platform specializing in higher education and professional upskilling. The company facilitates student enrolments and program management for courses offered by premium academic institutions, including IIMs, IITs, and global universities. Its model integrates digital delivery through three proprietary learning management systems with offline support via 22 learning centers and 17 immersive tech studios across India.
Guidance & Outlook
Management indicated a focus on scaling institutional partnerships and diversifying program offerings in technology and hybrid business domains. Key areas to monitor include the utilization of remaining IPO proceeds for brand building and the impact of evolving regulatory frameworks on distance education.
Performance Summary
For the nine months ended Dec. 31, 2025, consolidated revenue grew 12.9% to ₹201.09 crore. However, nine-month net profit saw a marginal decrease of 5.7% totaling ₹31.58 crore compared to ₹33.48 crore in the prior-year period. The company has utilized ₹74.94 crore of its ₹170 crore fresh IPO issue, including ₹45 crore for debt repayment.