Edtech company upGrad reported a 7% rise in gross revenue to ₹2,070 crore in the financial year ended March 2026 (FY26), while its net loss narrowed by 52% to ₹130 crore, down from ₹274 crore in FY25, according to inc42.com. The startup’s total income after Ind AS accounting stood at ₹1,732 crore, and its Ind AS EBITDA increased more than eightfold to ₹123 crore from ₹15 crore in the previous fiscal year.
The improved financial performance follows three consecutive years of significant loss reduction, with net losses dropping from ₹1,142 crore in FY23 to ₹130 crore in FY26. upGrad attributed this progress to sustained cost rationalisation and AI-led efficiencies, which helped reduce marketing and technology expenses despite revenue growth. The company integrated AI into over 80% of its programmes across disciplines including technology, data, management, finance, and law, enhancing operational efficiency.
upGrad’s growth reflects broader trends in the edtech sector, where AI adoption is becoming a key driver of cost optimisation and personalised learning. The company serves more than 100,000 concurrent learners through its online skilling, degree, study abroad, and offline skilling offerings. Its B2B division, upGrad Enterprise, also expanded partnerships with corporate clients, supporting workforce upskilling amid evolving industry demands.
The startup reported ₹530 crore in revenue yet to be recognised, which will be accounted for in future years. This financial update highlights upGrad’s strategic focus on AI integration and cost management as it strengthens its market position in India’s competitive edtech landscape.