Jaro Institute of Technology Management Reports Q1 FY26 Results, Details IPO Fund Utilization
Jaro Institute of Technology Management and Research Limited has released its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors considered and approved these results, which were also subject to a limited review report by the company's Statutory Auditor.The company reported a Total Income of 7,262.99 lakhs for the quarter, down from 6,081.59 lakhs in Q1 FY25. Total expenses stood at 5,783.76 lakhs. The resulting Net Profit after tax for the period was 1,116.89 lakhs.
The financial performance metrics across various periods are detailed below:
| Particulars | Quarter ended June 30, 2026 (Unaudited) | Quarter ended March 31, 2026 (Audited) | Quarter ended June 30, 2025 (Unaudited) | Year ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Income | ||||
| Revenue from operations | 7,075.05 | 7,278.64 | 6,067.46 | 27,387.81 |
| Other income | 187.94 | 905.81 | 14.13 | 1,112.37 |
| Total Income | 7,262.99 | 8,184.45 | 6,081.59 | 28,500.18 |
| Expenses | ||||
| Employee benefits expense | 2,013.45 | 1,846.92 | 1,882.96 | 7,851.61 |
| Finance costs | 15.98 | 22.28 | 149.24 | 318.56 |
| Depreciation and amortisation expense | 208.99 | 244.53 | 234.91 | 977.34 |
| Other expenses | 3,545.34 | 3,322.23 | 2,788.87 | 12,327.42 |
| Total Expenses | 5,783.76 | 5,435.96 | 5,055.98 | 21,474.93 |
| Profit before tax | 1,479.23 | 2,748.49 | 1,025.61 | 7,025.25 |
Independent Auditor's Review and Operational Update
The independent auditor reviewed the unaudited financial statement in accordance with Standard on Review Engagements (SRE) 2410. The auditor confirmed that nothing came to their attention that suggested the Statement, prepared as per Indian Accounting Standard 34, had not disclosed required information or contained any material misstatement.During the period ended March 31, 2026, Jaro Institute completed an Initial Public Offering (IPO) of 50,56,179 equity shares at an issue price of INR 890 per share. The IPO comprised a fresh issue amounting to 17,000.00 lakhs and an offer for sale aggregating to 28,000.00 lakhs, totaling the transaction value at 45,000.00 lakhs.
The utilization of the IPO proceeds related to the fresh issue is summarized as follows:
| Objects of the Issue | Amount to be Utilised (Lakhs) | Amount Utilised Upto June 30, 2026 (Lakhs) | Amount Unutilised Upto June 30, 2026 (Lakhs) |
|---|---|---|---|
| Marketing, brand building and advertising activities | 8,100.00 | 5,230.19 | 2,869.81 |
| Prepayment or scheduled re-payment of borrowings | 4,500.00 | 4,500.00 | - |
| General corporate purposes | 3,148.27 | 3,014.03 | 134.24 |
| Provisional Offer related expenses | 1,251.73 | 1,251.73 | - |
| Total | 17,000.00 | 13,995.95 | 3,004.05 |
Equity and Business Segments
The company's primary business activity focuses on education program services, which is viewed as a single reportable segment. Furthermore, the operations are domiciled in India, resulting in no reportable geographical segments.The Institute also utilized ESOP schemes during this period. During the quarter ended June 30, 2026, the company allotted 91,696 equity shares pursuant to ESOP scheme 2022 and ESOP scheme 2024. The company has adopted an accounting policy to consolidate the ESOP Trust in its financial statements, recognizing investment in own equity shares as a deduction from equity and reserves.
JARO Stock Price Movement
Jaro Institute of Technology Management and Research Limited shares edged higher on Friday, concluding the trading session at ₹458.20 after gaining 0.66%. The stock saw a steady movement throughout the day, registering a total traded volume of 93,617 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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