Gurugram-based test-prep company Aakash Educational Services Ltd (AESL) reduced its net loss by 15.5% to ₹186.5 crore in FY26 from ₹220.8 crore in the previous fiscal, according to inc42.com. The company’s operating revenue remained largely flat at ₹2,040.5 crore, a marginal increase of 0.4% from ₹2,032.1 crore in FY25.
The core coaching revenue rose slightly by 0.3% year-on-year to ₹1,956.2 crore, while franchisee revenue increased 4% to ₹84.4 crore. A significant contributor to the improved bottom line was non-operating income, which more than doubled to ₹113.7 crore. This included a ₹76.1 crore write-back of provisions or liabilities and a ₹19.7 crore gain from remeasurement of lease liabilities, as reported by inc42.com.
Aakash is one of India’s largest test-prep brands for engineering and medical entrance exams and has been part of BYJU’S parent company Think & Learn since its 2021 acquisition. The acquisition has been complicated by financial and legal challenges faced by the BYJU’S group. In September, Byju Raveendran proposed relinquishing his beneficial interest in 17.89 million shares of Aakash to settle a $235 million arbitration claim by Qatar Holding, placing Aakash at the center of ongoing disputes.
Total income including other income rose 3.3% to ₹2,154.3 crore in FY26 from ₹2,085.1 crore in FY25, according to inc42.com. The next significant update on Aakash’s financial and ownership status is expected following the resolution of the arbitration claim involving Qatar Holding.