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Date: August 11, 2026
To, To,
BSE Limited National Stock Exchange of India Limited
Department of Corporate Services/ Exchange Plaza, C-1, Block G Bandra Kurla
Corporate Relation Department, Complex, Bandra (E), Mumbai – 400 051,
Phiroze Jeejeebhoy Towers, Dalal Maharashtra, India.
Street, Mumbai – 400 001, Maharashtra,
India.
Script Code: 544534 NSE Symbol: JARO
Dear Sir/Ma’am,
Subject: Investors Presentation under Regulation 30 of SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015, please find enclosed herewith a copy of the investor's presentation on
Unaudited Financial Results for the quarter ended June 30, 2026.
The aforesaid information will also be uploaded on the website of the Company at
https://www.jaroeducation.com/investor-relations
We request you to take this on record.
Thank you
Yours sincerely,
For Jaro Institute of Technology Management and Research Limited
Sanjay Namdeo Salunkhe
Managing Director
DIN: 01900632
Place: Mumbai
Enclosed as above
Investor Presentation
Q1 FY 2026-27
10th Aug, 2026
Disclaimer
This presentation and the accompanying slides (the “Presentation”), which has been prepared by Jaro Institute of Technology
Management and Research Limited (the “Company”), solely for information purposes and does not constitute any offer,
recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in
connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made
except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable,
but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the
truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be
all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents
of, or any omission from, this Presentation is expressly excluded. Certain matters discussed in this Presentation may contain
statements regarding the Company’s market opportunity and business prospects that are individually and collectively
forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to
known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but
are not limited to, the performance of the Indian economy and of the economies of various international markets, the
performance of the industry in India and worldwide, competition, the Company’s ability to successfully implement its strategy,
the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in
revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The
Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results
expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information
contained in this Presentation. Any forward-looking statements and projections made by third parties included in this
Presentation are not adopted by the Company and the Company is not responsible for such third-party statements and
projections.
Investor Presentation
Table of Contents
Section 1 Section 2 Section 3 Section 4
Q1 Overview Financial Overview Business Overview Company Portfolio
Section 5 Section 6 Section 7
Management Team Management Financial Statements
Commentary
Investor Presentation
Jaro is Redefining India’s Learning Landscape.
(in Lakhs) (in Lakhs)
Overview Q1 FY27 Overview Q1 FY27
Revenue from
8,169
No. of Admission
Operations 100% 7,075.05
YoY: 12%
100%
Revenue from INR No. of Admission 6,979
Degree 85% 6,007.50 (Degree) 85% YoY: 11%
Revenue from INR No. of Admission
1,190
Certification 1,067.55 (Certification)
15% YoY: 17%
INR 1,116.89 INR 19,029.76
Profit After Tax Gross Booking*
YoY: 48% YoY: 17%
PAT Margin 15.38% Avg Revenue INR 86,609
15.38% Per User YoY: 4%
* Gross Booking is the Total Program Fees (Jaro’s Share + University Share)
Investor Presentation
Q1 Key Business Updates
Partnership Updates:
• Launched a Professional Certificate Programme in Sustainability Leadership & Practice with IIT Bombay.
• Launched an Executive Certificate Programme in Application of AI for Business Managers with IIT
Bombay.
• Launched an Executive Programme in Autonomous Robotics & AI with IIT Delhi.
• Launched a Post Graduate Programme for Chief Technology & AI Officers with IIT Roorkee.
• Launched an Executive Programme in Blockchain Technology with IIT Madras.
• Launched an Executive Programme in Rust Programming & AI-Integrated Systems with IIT Madras.
Other Updates:
• Partnered with ET Education as the E-learning Partner for the 3rd ET Education Annual Education Summit
2026, held on 12 June 2026.
• Participated in the Mega Panel – “Education to Economy: Powering India’s $5 Trillion Future,” bringing
together leading voices from the education and industry ecosystem.
Investor Presentation
Strong growth in Gross Bookings continues to scale the business
Quarterly Annual
Gross Bookings (in Lakhs) Gross Bookings (in Lakhs)
72,721
62,554
20,809
19,070 19,030
48,773
16,287 16,554
31,657
FY23 FY24 FY25 FY26
Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27
Note:
1. Gross Booking is the Total Program Fees (Jaro’s Share + University Share)
Investor Presentation
Strong growth performance continues to support higher Net Bookings
Quarterly Annual
Net Bookings (in Lakhs) Net Bookings (in Lakhs)
27,388
25,226
8,041
19,905
7,279
7,075
6,067 6,001
12,215
Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 FY23 FY24 FY25 FY26
Note:
1. Net Booking is Revenue share of the Company for the year
Investor Presentation
Customer Acquisition Cost
Quarterly Annual
Customer Acquisition Cost (in Rs.) Customer Acquisition Cost (in Rs.)
56,517
44,788
42,163
40,134
46,562
44,783
41,620
38,965
29,393
11,722
11,626 11,761 11,665 11,839 11,622 9,008
5,077
4,394
FY23 FY24 FY25 FY26
Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27
Performance Marketing Reference Performance Marketing Reference
Note:
1. CAC= Customer acquisition costs (in ₹) / Number of learners enrolled
2. Performance Marketing CAC per enrolment denotes Total Performance Marketing expenses (Learner acquisition costs) divided by number of Learners enrolled
through performance marketing channel
3. Referral CAC per enrolment denotes Total referral Expenses divided by number of Learners enrolled through referrals channel
Investor Presentation
Sustained business performance strengthening ARPU
Quarterly Annual
ARPU (in Rs.) ARPU (in Rs.)
84,960
80,252
68,295
85,458 85,205 85,995 86,609
82,889
56,604
Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 FY23 FY24 FY25 FY26
ARPU= Average Revenue Per User
Investor Presentation
Return on Performance Marketing Spend
Quarterly Annual
Return on Performance Marketing Spend Return on Performance Marketing Spend
(in “x”) (in “x”)
2.29
2.12
2.06
1.99
1.89
1.83
1.76
1.51
1.33
Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 FY23 FY24 FY25 FY26
1. ROPM= Return on Performance Marketing
2. ROPM= Revenue from Performance Marketing / Cost of Performance Marketing
Investor Presentation
Enrollment Highlights
Annual Enrollment Channel Quarterly Enrollment Channel
54% 57% 56%
51% 53%
46% 47%
34% 32% 33% 33%
30% 30%
27% 28% 27% 28%
22% 21% 19% 22% 19%
16% 16%
FY23 FY24 FY25 FY26 Q1 FY26 Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27
Performance Marketing Reference Others Performance Marketing Reference Others
Number of Enrollments
27,643 27,8
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